ixigo Hotel Business Growth Q2 FY27: GTV Up 159%

ixigo Hotel Business Growth Q2 FY27 took center stage as the travel platform posted strong September quarter results. Le Travenues Technology, which operates ixigo, saw hotel gross transaction value rise 159% year on year. Hotel revenue grew more than sixfold. The company also reported an all time high profit after tax of ₹63.42 crore.

ixigo Hotel Business Growth Q2 FY27 Gains Traction

This is the first quarter in which ixigo reported hotels as a separate segment. Hotel revenue jumped 528% to ₹8.1 crore. Room nights booked, net of cancellations, rose 295% to over 4.7 lakh. The business crossed 5,000 room nights a day. That is 3.9 times the level a year earlier.

Hotel inventory now exceeds 70,000 properties across India. More than 12,000 of them are directly contracted. They are spread across 1,100 towns. More than 86% of bookings came from existing users. The gross take rate stood above 12%. The company said it sees signs of emerging product market fit.

Le Travenues Technology Q2 Results at a Glance

Overall gross transaction value rose 22% to ₹5,304.47 crore. Revenue from operations grew 13% to ₹320.96 crore. Contribution margin increased 14% to ₹124.86 crore. Net profit hit ₹63.42 crore. A partial sale of the stake in bus operator Freshbus helped lift the figure.

Adjusted EBITDA fell 17% to ₹23.58 crore from ₹28.48 crore. The company defines it as EBITDA plus ESOP expenses less other income. Profit before share of loss of an associate, exceptional items and tax reached ₹33.53 crore. That compares with ₹24.44 crore a year ago.

Flights and Buses Remain Core Growth Drivers

Flight GTV grew 37% in the quarter. Bus GTV rose 32%. Ixigo enabled train bookings on Uber, alongside its existing bus booking integration. Food delivery through Zoop and Swiggy reached more than 290 railway stations.

Higher airfares and limited confirmed train tickets supported demand for intercity bus travel. The AbhiBus platform also launched Women Zone. This option serves solo women travellers.

ixigo AI Investment Strategy and Outlook

Group CEO Aloke Bajpai, co-CEO Rajnish Kumar and CFO Saurabh Devendra Singh issued a joint statement. They said the company delivered resilient growth in Q2 FY27. Management said hotels and artificial intelligence will remain key areas of investment for long term growth.

Ixigo launched in 2007. It reported 57 crore annual active users in fiscal 2026. These users span ixigo, ConfirmTkt and AbhiBus. The hotel segment gives the company a chance to grow beyond trains, flights and buses.

Readers can find more hotel news on our site. To explore bookings, visit the official ixigo website.