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Economic Times
25-04-2025
- Business
- Economic Times
US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leaders
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Oyo has seen a 'significant' shift in its revenue landscape in financial year 2025, with its US businesses contributing approximately 24% of the company's total revenue driven by its acquisition of G6 Hospitality, as per documents shared by Oyo founder Ritesh Agarwal with the company's senior leaders. The documents were seen by ET. G6 Hospitality is the American motel company that Oyo acquired from Blackstone Real acquisition, which was completed in December last year, added 1,500 franchised hotels across the US and Canada to Oyo's portfolio. G6 Hospitality operates the Motel 6 brand and the Studio 6 brand. In the financial year 2024, the combined revenue share of Oyo's US operations stood at 15%, as per documents seen by also shared that the number of hotels in India grew by 22% in financial year 2025 versus financial year 2024 , which led to growth in the company serviced hotels under the brands Townhouse, Palette and Capital per the documents, since the G6 acquisition, the company has added over 150 corporate clients in the US, primarily from Texas, California, and Florida, and the corporate segment revenue increased by approximately 26% in quarter one of 2025 compared to the same period last year, with the company adding about 50 new corporate accounts monthly since January this year G6 announced a $10 million investment in the US to grow direct demand through its website and the My6 month, Agarwal told the company's senior leadership that the company was on track to post more than Rs 2,100 crore in revenue in the fourth quarter ended March 31, a more than 60% increase from a year earlier."A key contributor to this performance has been the integration of G6 Hospitality, adding Rs 275 crore to our revenue," Agarwal wrote to his top executives in an email which ET had seen. "Even without G6, our revenue stands strong at Rs 1,886 crore, demonstrating robust organic growth of 42%," he had had said the company expects a profit after tax of Rs 1,100 crore in financial year 2026, and Rs 2,000 crore in earnings before interest, tax, depreciation and cited the company's performance in its 'core markets' such as India and the US, along with 'significant' contributions from emerging markets in Southeast Asia and the Middle East for the projections. In quarter three of financial year 2025, the company recorded a net profit of Rs 166 crore on revenue of Rs 1,636 crore, he had said.
Time of India
25-04-2025
- Business
- Time of India
US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leaders
Oyo's FY25 revenue landscape saw a significant shift with its US businesses, boosted by the G6 Hospitality acquisition, contributing 24% of total revenue. India's hotel count grew by 22%, enhancing serviced hotel brands. Corporate segment revenue in the US increased by 26% in Q1 2025, driven by new corporate clients. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Oyo has seen a 'significant' shift in its revenue landscape in financial year 2025, with its US businesses contributing approximately 24% of the company's total revenue driven by its acquisition of G6 Hospitality, as per documents shared by Oyo founder Ritesh Agarwal with the company's senior leaders. The documents were seen by ET. G6 Hospitality is the American motel company that Oyo acquired from Blackstone Real acquisition, which was completed in December last year, added 1,500 franchised hotels across the US and Canada to Oyo's portfolio. G6 Hospitality operates the Motel 6 brand and the Studio 6 brand. In the financial year 2024, the combined revenue share of Oyo's US operations stood at 15%, as per documents seen by also shared that the number of hotels in India grew by 22% in financial year 2025 versus financial year 2024 , which led to growth in the company serviced hotels under the brands Townhouse, Palette and Capital per the documents, since the G6 acquisition, the company has added over 150 corporate clients in the US, primarily from Texas, California, and Florida, and the corporate segment revenue increased by approximately 26% in quarter one of 2025 compared to the same period last year, with the company adding about 50 new corporate accounts monthly since January this year G6 announced a $10 million investment in the US to grow direct demand through its website and the My6 month, Agarwal told the company's senior leadership that the company was on track to post more than Rs 2,100 crore in revenue in the fourth quarter ended March 31, a more than 60% increase from a year earlier."A key contributor to this performance has been the integration of G6 Hospitality, adding Rs 275 crore to our revenue," Agarwal wrote to his top executives in an email which ET had seen. "Even without G6, our revenue stands strong at Rs 1,886 crore, demonstrating robust organic growth of 42%," he had had said the company expects a profit after tax of Rs 1,100 crore in financial year 2026, and Rs 2,000 crore in earnings before interest, tax, depreciation and cited the company's performance in its 'core markets' such as India and the US, along with 'significant' contributions from emerging markets in Southeast Asia and the Middle East for the projections. In quarter three of financial year 2025, the company recorded a net profit of Rs 166 crore on revenue of Rs 1,636 crore, he had said.
Yahoo
14-04-2025
- Business
- Yahoo
G6 Hospitality Adds Over 150 Corporate Clients in 2025
DALLAS, TX / / April 14, 2025 / G6 Hospitality, the parent company of Motel 6 and Studio 6, today shared that it has added over 150 corporate clients in 2025. With more than 500 meetings conducted with potential and existing corporate accounts across the country, the company has successfully secured several major accounts across industries, including Construction, Transportation, Agriculture, Retail and Transitional Housing. These new corporate clients are primarily from Texas, California and Florida. The company has seen significant growth in its corporate segment, with a ~26% increase in revenue in Q1 2025 vs same period last year. G6 Hospitality has been adding approximately 50 new corporate accounts every month since January 2025. The company is focusing its efforts on construction, transportation, and agriculture industries, while also pursuing small to medium-sized businesses that generate annual bookings ranging from $15,000 to over $1 million. Natson Hotel Group, one of G6 Hospitality's key franchises, saw over 2X growth in corporate revenue in Q1 2025 vs Q1 2024. "By cultivating relationships with businesses across various industries, we're not only diversifying our client base but also creating consistent occupancy that benefit our network across locations. The collaborative approach with our franchise partners has been instrumental in identifying and securing these valuable corporate relationships," said Sonal Sinha, CEO - G6 Hospitality. Corporate clients benefit from several advantages including better rates with discounts averaging 10-12%, 30-day credit facilities through corporate direct billing, dedicated customer service, and easy issue resolution. The company creates corporate profile codes that apply discounts automatically when used on My6 app and website. Corporate clients can book via the website, app, call center, or email support. The company is actively pursuing additional corporate opportunities, including winning back former clients and extending contracts with existing 2024 accounts. Corporate account inquiries can be directed to Rohit Goel at About G6 Hospitality LLC G6 Hospitality LLC is the leading economy lodging franchisor, with nearly 1,500 economy lodging locations under the iconic Motel 6 brand and the Studio 6 Extended Stay brand in the United States and Canada. G6 Hospitality is committed to making hospitality accessible to all through responsible business practices and unparalleled opportunity for franchisees to build a legacy through ownership. Both Motel 6 and Studio 6 were recognized in the 2024 Entrepreneur Franchise 500® report, with Motel 6 ranking in the top 50 of all franchises. The Carrollton, Texas, based company was named a 2024 Leader in Diversity by Dallas Business Journal. For more information, please visit Contact Details G6 Hospitality LLCAnupriya Malik+91 97911 63065anupriya.d@ SOURCE: G6 Hospitality LLC View the original press release on ACCESS Newswire Sign in to access your portfolio
