For the Indian travel tech industry, the year 2025 saw a pivotal shift, driven not by demand cycles or festive peaks, but by regulatory changes, airline disruptions, and safety shocks that kept listed online travel companies under pressure.
The headwinds do not seem to have slowed down the industry from a 7.1% annual growth rate, contributing INR 22 Lakh Cr to the GDP in 2025, but the instability certainly forced businesses to re-evaluate their tech stack.
Their services were no longer judged only on pricing or inventories and, instead,…

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