We are pleased to share that OYO has recorded strong growth 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 is the trusted accommodation option for over 8,400 members of India Inc., including Utkarsh Small Finance, Think & Learn (P) Ltd. (BYJU’S) and Extramarks Education. This remarkable growth further reiterates OYO’s commitment to scaling up its engagement in the corporate travel segment.
With over 8400 active accounts of various companies from India Inc., 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 from the India Inc. universe 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.