stock market today Shares of SpiceJet and tech giant AceMyTrip rose in early morning deals on Friday after the two companies announced entering into a general sale agreement. SpiceJet’s stock opened with gains today and reached intraday high At 51.35 level, the morning trades registered a rise of over 7 per cent. Similarly, the share price of EaseMyTrip today opened with an upside margin and touched the level of 434.45 per share, registering an increase of over 3 per cent from the close of the previous session.
EaseMyTrip informs Indian Share Market Quoting exchanges regarding the sale deal, “EasyMyTrip Thai, a wholly owned subsidiary of EasyMyTrip, launched in Thailand in 2021, sells, promotes and markets passenger tickets and other services to travelers in Thailand, effective 1 September.” SpiceJet signs an exclusive general sale agreement with the airline to sell in Bangkok, Phuket, in an effort to establish a strong foothold in the Thai market by opening an independent branded office and catering to the larger travel markets. and will expand SpiceJet’s operations by representing airlines in other locations.
Nishant Pitti, CEO & Co-Founder, EasyMyTrip, said, “Thailand is a very important market for the travel and tourism industry and we are seeing huge demand in the market. EaseMyTrip has garnered the trust of Indian customers and is excited to establish the same trust with Thai customers. We are extremely proud to introduce GSA as one of the largest SpiceJet carriers which will enable Thai locals to avail the valuable services of SpiceJet.
Shilpa Bhatia, Chief Commercial Officer, SpiceJet said, “We are delighted to appoint EasyMyTrip Thai as our new GSA for the Thailand market. This strategic partnership will help us tap the growing traffic to popular tourist destinations such as Bangkok and Phuket. Increased leisure and business traffic from Thailand to India and beyond. SpiceJet is committed to expanding its network to include new and exciting destinations both in India and abroad. This agreement is a significant addition to our mission. represents a milestone in providing seamless end-to-end service to the passenger.”
This is the first time that EasyMyTrip is entering into such arrangement for two years as a strategic intervention with Thai, specifically SpiceJet, an attempt for both the companies to expand their services in the Thai market. Is. Under this arrangement, EaseMyTrip will be exclusively responsible for SpiceJet’s ticket operations in the region which will help Thai customers to avail SpiceJet’s services. Additionally, all travel agents need to route their business through EasyMyTrip to buy SpiceJet tickets from Thailand.
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