OYO’s Corporate Channel etches strong growth trajectory with 80% y-o-y increase recordsin revenue
Today, over 8,400 corporates have partnered with OYO to cater to the travel needs of their employees. Over 4,000+ new corporates in 2019, including Utkarsh Small Finance, Think & Learn (P) Ltd (BYJU’S), Extramarks Education have been addedto name a few. OYO Hotels & Homes, the world’s leading chain of hotels, homes, and spaces has witnessed a strong growth trajectory in its corporate bookings. The company’s corporate channel witnessed an 80% increase in revenue on a y-o-y basis. Today, OYO’s corporate channel contributes to over 30% of the hospitality company’s total revenues and it counts Utkarsh Small Finance, Think & Learn (P) Ltd. (BYJU’S) and Extramarks Education among its 8,400+ clients. This remarkable growth further reiterates OYO’s commitment to scaling up its engagement in the corporate travel segment. With over 8400 active corporate accounts, OYO caters to the travel needs of professionals by bringing the ease of booking an OYO to the corporate side by a simple switch of a toggle to the ‘Corporate Mode’. Companies availing OYO’s travel solution for corporates – OYO B, have successfully realized up to 30% savings in their travel costs while providing a host of comfortable accommodation options in convenient locations to travelling professionals. OYO B caters to the young professional workforce in India with unique benefits and specialised offerings such as customized bookings, dedicated 24X7 customer care support and free cancellations. Corporate travellers can choose from handpicked corporate-friendly OYOs across thousands of hotels in 300+ cities.
Some of the clear differentiators of the OYO B offering include:
● Hassle-Free GST invoicing
● Dedicated dashboard to track payments
● Mobile app with built-in approval flow and custom budget limits
● Early check-ins and late check-outs
● Round-the-clock support with dedicated escalation matrix
● Free cancellations for Non-Bulk and Non-Peak bookings
Commenting on this development, Gaurav Ajmera, Chief Operating Officer, India & South Asia, OYO Hotels & Homes, said,, “The corporate travel segment is a key engine of growth for us and we are seeing strong demand for our standardized and affordable offerings from business travellers across India. We welcomed over 4,000 new corporations in 2019 and their trust in the brand is a testament to the value we are creating for our corporate customers. As part of our continuous efforts to strengthen the corporate portfolio, we are working to customize our offerings as per their requirements both in terms of in-room amenities or technology and service-based solutions. We will continue to move forward in this direction as we find more and more ways to add value to the experience of our corporate guests.’’
The success of OYO B depends on the ability of the company to continue to delight corporate guests as well as provide reliable, comfortable accommodations across the spectrum of tier 1 to tier 5 cities in India.
About OYO Hotels & Homes:
Opening its doors in 2013, OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. The portfolio combines fully operated real estate comprising more than 43,000 hotels with over 1.2 million rooms. Through its vacation homes business, the company offers travellers and city dwellers access to over 125,000 homes around the world under OYO Home, Belvilla, Danland, Dancenter and Germany-based Traum-Ferienwohnungen brands. OYO today operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan. For more information, visit www.oyorooms.com.
