Morpheus Research accused MakeMyTrip of anti-competitive practices, profit inflation through accounting adjustments, and failing to curb unsafe or fraudulent hotels
Despite a 2022 CCI penalty over price parity clauses, the report claims such practices continue. It also flagged aggressive accounting, unprovided liabilities, and inflated “adjusted” profits versus actual earnings
The report said MakeMyTrip is losing share to rivals like Booking.com and Agoda, while still listing unsafe or unlicensed hotels and using dark…

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