EaseMyTrip acquires stake in Eco Hotels and Resorts to promote sustainable travel

EaseMyTrip.com, one of India’s largest online tech travel platforms, has announced a significant step in its expansion strategy with the acquisition of approximately 13% stake in Eco Hotels and Resorts Limited, a BSE listed entity. This strategic investment represents a commitment to diversify EaseMyTrip’s portfolio and promote sustainable practices in the hospitality industry.

Eco Hotels and Resorts Limited operates in the hotel and hospitality industry, focusing on manufacturing high precision engineering automotive components. Its specialization in creating carbon net zero hotels aligns perfectly with EaseMyTrip’s vision for an eco-friendly future in travel and hospitality.

This partnership opens opportunities for synergy between EaseMyTrip.com and Eco Hotels and Resorts Limited. The collaboration includes potential cooperation in various areas, such as hotel operations and air and non-air business, leveraging EaseMyTrip.com’s platform and its subsidiary companies.

Nishant Pitti, Co-Founder and CEO of EaseMyTrip, expressed enthusiasm about the association, emphasizing its alignment with the company’s strategic growth objectives and commitment to sustainable business practices. V K Tripathi, Executive Chairman of Eco Hotels and Resorts Ltd., highlighted the mission-driven approach of the partnership, focusing on sustainability, advanced construction technology, and expansion strategies.

The acquisition by EaseMyTrip.com is expected to usher in a new era of growth and innovation in the travel and hospitality sector. The company plans to fund the transaction through a mix of internal accruals and debt, showcasing a strategic financial approach. This association is anticipated to be a game-changer in the hospitality sector, offering guests an elevated, eco-conscious, and luxurious experience.