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Time of India
17-05-2025
- Business
- Time of India
OYO Corporate Clients Growth: OYO adds 3500 corporate clients in FY25, records 20% YOY growth, ET HospitalityWorld
Hospitality technology company OYO announced that its business accelerator division has added over 3500 new corporate clients in FY25, marking a 20 percent year-on-year growth in its corporate portfolio. OYO now has a network of more than 6500 corporate clients with this addition. Mumbai emerged as the top-performing market, adding over 700 new corporate clients in the past year, followed by Hyderabad with 400 and Pune with 350. Other major metro cities including Chennai and Bangalore also played a key role in the surge in corporate accounts. Some of the key brands added in FY25 include SBI Life, Cult Fit, and Sun TV Direct, further strengthening OYO's presence among large enterprises and pan-India organisations, a company release stated. Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETHospitalityWorld App Get Realtime updates Save your favourite articles Scan to download App The company's corporate travel business witnessed a significant boost following the launch of Oravel Travel Solutions in October last year. This dedicated business vertical caters exclusively to the travel and accommodation needs of corporate clients such as smooth check-ins at more than 1100 conveniently located company serviced hotels in 300+ cities, tailored meal options, conference facilities, and event management support as well as tailormade holiday packages. OYO has also recorded a surge in long stays and event-based stays with the corporate clients, it on the growth, Manish Kashyap , head, OYO Business Accelerator said, 'The growth has been driven not just by large corporations but also by a diverse mix of small and medium enterprises, traditional business houses, startups, travel management companies, and even film production houses. These clients are increasingly leveraging OYO's expansive network of properties, flexible booking solutions, and technology-enabled travel tools to meet their evolving business needs.'With a robust pipeline of potential partnerships and continued focus on innovation in corporate travel, OYO aims to accelerate its expansion with focus on premium brands such as SUNDAY, Palette and Clubhouse Townhouse, Townhouse O and Collection O, said the release.
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Business Standard
16-05-2025
- Business
- Business Standard
Oyo adds over 3,500 corporate clients in FY25, records 20% growth
Global travel technology firm Oyo announced on Friday that it has added more than 3,500 new corporate clients in the last financial year (FY25), marking a 20 per cent year-on-year growth in its corporate portfolio. With this addition, the platform now has a network of over 6,500 corporate clients. In terms of top-performing markets, Mumbai led the charge, adding over 700 new corporate clients in the past year. Hyderabad followed with 400, while Pune secured the third spot with 350 new additions. Other major metropolitan hubs, including Chennai and Bangalore, also contributed to the overall growth in corporate accounts, the company said. Some top additions include brands such as SBI Life, Cult Fit, and Sun TV Direct. In addition, the company's corporate travel business witnessed a boost following the launch of Oravel Travel Solutions in October 2024. 'This dedicated business vertical caters exclusively to the travel and accommodation needs of corporate clients such as smooth check-ins at more than 1,100 conveniently located company-serviced hotels in over 300 cities, tailored meal options, conference facilities, and event management support as well as tailor-made holiday packages,' the company said, adding that it has recorded a surge in long stays and event-based stays with corporate clients. Commenting on the growth, Manish Kashyap, head of Oyo Business Accelerator, said, 'The growth has been driven not just by large corporations but also by a diverse mix of small and medium enterprises, traditional business houses, start-ups, travel management companies, and even film production houses. These clients are increasingly leveraging Oyo's expansive network of properties, flexible booking solutions, and technology-enabled travel tools to meet their evolving business needs.' With a pipeline of potential partnerships and continued focus on innovation in corporate travel, Oyo aims to accelerate its expansion with a focus on premium brands such as SUNDAY, Palette, Clubhouse Townhouse, Townhouse O, and Collection O. In a recent townhall, Ritesh Agarwal, founder and CEO of the company, said that the firm posted a profit of ₹623 crore for FY25. The firm has also seen an increase of 54 per cent in gross booking value to ₹16,436 crore.
