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In FY25, OYO's business accelerator division added 3,500 new corporate clients-a 20% year-on-year growth-bringing its total to over 6,500. This uptick reflects a strong rebound in business travel across India. Mumbai led the expansion with 700 new clients, followed by Hyderabad and Pune. OYO also saw rising demand for long stays and event-based bookings. The growth was driven by a diverse mix of large firms, SMEs, startups, and travel agencies. According to the GBTA, India is now the fourth-largest business travel market in Asia-Pacific. OYO's success highlights its strategic focus on tapping into the growing demand for flexible, extended corporate accommodations.
In FY25, OYO's business accelerator division added 3,500 new clients, a 20% year-over-year increase, greatly strengthening its corporate clientele. This surge indicates a robust revival in business travel across India in the wake of the Covid-19 pandemic. With this addition, OYO's network of corporate clients has now surpassed 6,500. Advertisement
Mumbai emerged as the leading market, contributing over 700 new corporate clients, followed by Hyderabad with 400 and Pune with 350. Other metro cities, including Chennai and Bengaluru, also played a vital role in driving the rise in corporate accounts. Furthermore, OYO has experienced a notable increase in long stays and event-based stays among corporate clients, underscoring the ongoing demand for extended accommodations and specialised services.
Manish Kashyap, Head of OYO Business Accelerator, stated that the growth has been fuelled by not just large corporations but also a diverse range of entities, including SMEs, traditional business houses, startups, travel management firms, and film production companies. The expanding footprint of SMEs in particular has significantly contributed to the surge in regional travel demand.
The latest Business Travel Index (BTI) released by the Global Business Travel Association (GBTA) has positioned India as the fourth-largest business travel market in the Asia-Pacific region. This rise is attributed to a robust economic environment and the renewed demand for face-to-face meetings, signifying a resurgence of business travel across various sectors.
The company's success in securing 3,500 new clients in FY25 underscores its strategic focus on diversifying its client base, ranging from large corporations to emerging startups and travel management firms. As India continues to strengthen its position as a major business travel market in the Asia-Pacific region, OYO's business accelerator division is well-positioned to leverage this momentum to further expand its corporate portfolio.
Source - PTI
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