OYO adds 3500 corporate clients in FY25, records 20% YOY growth

Top brands include SBI Life, Cult Fit, and Sun TV Direct  

·        OYO’s business accelerator division adds 3500 new corporate clients in FY25 recording 20% YOY growth

·        Top new additions include clients such as SBI Life, Cult Fit, and Sun TV Direct

·        Mumbai led the growth with 700 new clients in last one year followed by Hyderabad and Pune that onboarded 400 and 350 clients respectively

·        Metros such as Mumbai, Chennai, Hyderabad, Pune, and Bangalore have led the surge in corporate bookings

·       Business accelerated following the launch of Oravel Travel Solutions – a dedicated business vertical for corporate travel in October last year

·        Small and medium scale enterprises, traditional business houses & conglomerates, startups, travel management companies as well as film production houses leading the corporate bookings

New Delhi. May 16, 2025: 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 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.

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.

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.”

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.

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. These trends have created a fertile ground for OYO to scale their offerings and capture a growing share of business travel.

Hotel stocks surge as govt allows resumption of hospitality services from June 8

Key Take Away

Hotel stocks are rallying after the Home Ministry's announced the re-opening of economic and other activities in the country except for containment zones, which will continue to remain in lockdown till June 30.

The government has allowed hotels, restaurants, and other hospitality services to resume operations from June 8 onwards.

Hotel Association of India Vice President K.B. Kachru said, "The pandemic and consequent lockdowns have had a disastrous impact on the hotel sector."

For More Information

www.cnbctv18.com/market/stocks/hotel-stocks-surge-nearly-18-as-govt-allows-resumption-of-hospitality-services-from-june-8-6042661.htm

OYO Cuts 25% Salary Companywide, After Furloughs

Gurugram-based hospitality unicorn OYO Hotels and Homes has now asked its employees to “accept” 25% salary deduction as it looks to overcome the impact on revenue from the Covid-19 pandemic.It  will be effective for April-July 2020 payroll.

OYO has decided to put some employees on leave with limited benefits from May 4, 2020 to August 2020. The benefits would include medical insurance and parental insurance, school fee reimbursement, and ex gratia support.

The development comes amid reports that OYO has told its UK employees that more employees would be furloughed under the government’s job retention scheme. High earners are also being asked to take a temporary pay cut.

OYO group CEO Ritesh Agarwal had earlier asked employees to go on temporary leave and had offered to look after the medical and healthcare benefits of all the employees across all its regions.

Agarwal has also forgone his salary for the year and senior leadership have been asked to take a 25% from the salary. Other Senior Executives across the world have voluntarily contributed 25%-50% of their salary.

As OYO tries to cut employee costs, the company is offering support to its hotel partners. The startup claimed that it has waived off multiple charges which are paid by partner hotels from March onwards. A benefit of around INR 24 Cr has been offered to over 3000 OYO partners.

OYO has also partnered with multiple lending institutions including fintech startups, NBFCs, add private sector banks to facilitate adequate financing for hotel transformation, Capex and working capital requirements of hotel-partners.

A retention linked discount has also been launched for a few hotel partners. It ranges from 50% on base fees for April and May. For beyond April, OYO might offer an extended discount until June.