This small selection of Indian stocks was possibly one reason why investors rushed so on the paper. The stock is currently the only way for Western investors to the expected exponential growth of Indian tourism industry and specifically to take advantage of the online travel market. In the last year in India 48 percent of all online travel bookings were made on MakeMyTrip. The company is the clear market leader.
Here are some facts that show why the market is still in its infancy: In 2009 had only seven percent of India's population has Internet access. The slow connection speeds also contribute to making mobile travel services, despite the relatively well-developed mobile market, only very few are used.
Added: Loans in India are also relatively difficult to obtain. 180 million Indians have debit cards (like the German EC-card), but only 20 million have credit cards. Quick impulse purchases despite empty bank account, which are so popular in the U.S. are so difficult, depending on the grouping impossible to credit. That inhibits consumer sentiment. That will change, but rapidly in the coming years and could then be MakeMyTrip to a similarly sensational success story like Ctrip.com.
The end of 2003 to the U.S. market where Chinese online travel market leader has increased eightfold since the split-adjusted IPO price of 5.33 U.S. dollars to 41.15 dollars currently more than. The market capitalization now stands at 6.1 billion U.S. dollars. MakeMyTrip dare you in the coming years a similar development, the price could increase six-fold, starting from current levels by the year 2015/2016 - despite the sharp increase, the 12th since the stock August has already been completed.
Here are some facts that show why the market is still in its infancy: In 2009 had only seven percent of India's population has Internet access. The slow connection speeds also contribute to making mobile travel services, despite the relatively well-developed mobile market, only very few are used.
Added: Loans in India are also relatively difficult to obtain. 180 million Indians have debit cards (like the German EC-card), but only 20 million have credit cards. Quick impulse purchases despite empty bank account, which are so popular in the U.S. are so difficult, depending on the grouping impossible to credit. That inhibits consumer sentiment. That will change, but rapidly in the coming years and could then be MakeMyTrip to a similarly sensational success story like Ctrip.com.
The end of 2003 to the U.S. market where Chinese online travel market leader has increased eightfold since the split-adjusted IPO price of 5.33 U.S. dollars to 41.15 dollars currently more than. The market capitalization now stands at 6.1 billion U.S. dollars. MakeMyTrip dare you in the coming years a similar development, the price could increase six-fold, starting from current levels by the year 2015/2016 - despite the sharp increase, the 12th since the stock August has already been completed.
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