OYO records 20% YOY growth for FY25
Representative image
Mumbai led the growth with 700 new clients in last one year followed by Hyderabad and Pune. According to the BTI, India has emerged as the 4th largest business travel market in the APAC region.
Global hospitality technology company OYO has announced that its business accelerator division has added over 3500 new corporate clients in FY25, marking a 20% year-on-year growth in its corporate portfolio. OYO 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.
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 is said to cater 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 corporate clients.
Commenting 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.”
According to the latest Business Travel Index (BTI) released by the Global Business Travel Association (GBTA), India has emerged as the 4th largest business travel market in the Asia-Pacific region, driven by a robust economy and surge in demand for face-to-face meetings, signalling a revival of business travel across sectors. Additionally, the rapid expansion of small and medium enterprises (SMEs) in India is playing a pivotal role in fueling regional travel demand.