Tim's questions to MOND leadership • Q2 2024
Question
Asked about the competitive dynamics in marketing and any planned strategy changes for the second half of the year. Also inquired about the outlook for airfares into late 2024 and 2025, considering airline capacity reductions.
Answer
The company believes its current market share-gaining strategy is working well, differentiated by its AI platform, and feels well-positioned now that capital constraints are being resolved. Regarding airfares, despite airline capacity discipline, pricing is still being used as a competitive tool. Air prices are expected to remain soft through the end of the year before stabilizing and recovering in early 2025. Mondee's global platform allows it to pivot to stronger markets to offset softness.