Easy Trip Planners, a leading online travel company has entered into definitive agreements for acquiring stakes in Pflege Home Healthcare Center LLC, Jeewani Hospitality Private Limited, and Planet Education Australia Pty Ltd, diversifying its portfolio on December 6th, the Mint reported. The companies during its quarterly earning call had announced the acquisitions.

Easy Trip Planners, the parent company of travel platform EaseMyTrip, has acquired a 49% stake in Dubai- based Pflege Home Healthcare for ₹30 crore, marking its entry into medical tourism. Medical and health tourism sector has been growing steadily on high demand for international healthcare services across globe. With this investment, Easy Trip Planners strives to integrate travel and healthcare services, addressing logistical requirements for patients seeking treatment abroad.

In the hospitality sector, the company secured a 50% stake for ₹100 crore in Jeewani Hospitality. The partnership is also part of a project to develop a five-star hotel with Radisson Hotel Group in Ayodhya. The investment reflects the company's desire to expand into high-end hospitality offerings which will help it extend its hotel business.

In the education sector, Easy Trip Planners invested in Planet Education, acquiring 49% of the company's paid-up capital. Planet Education specializes in student counselling, university placements, and visa assistance for students pursuing higher education overseas. With this acquisition, Ease Trip Planners aims to combine travel and academic placements to cater to international students' needs. The company is targeting to tap into the growing "study tourism" market, which bridges travel and education.

These investments come at a time when Easy Trip Planners is experiencing challenges in its core business. For the second quarter of FY25, the company's consolidated net profit fell by 45.2 per cent to nearly Rs 26 crore, compared with the same quarter last year. Its revenues from operations grew modestly by 2.1% in this period.

Declines in its primary online flight booking segment reflect the competitive pressures in the market. By diversifying into new sectors, the company hopes to create additional revenue streams and reduce dependency on traditional travel services.

Easy Trip Planners' expansion into medical, hospitality, and education tourism demonstrates a calculated effort to broaden its business model. While these moves present opportunities for growth, they also highlight the company's need to adapt to changing industry dynamics.