Ritesh Agarwal's OYO adds 2,800 corporate hotels between Jan and July 2023

Ritesh Agarwal-led OYO Rooms said it has added 2,800 corporate clients between January and July 2023, marking an 1175% growth year-on-year.

The corresponding period last year witnessed a 12% year-on-year growth in corporate clients

The report highlighted that the growth in corporate clients is driven by strong demand from startups, film production houses, travel management companies, MSME, and business houses & conglomerates

Hyderabad has emerged as the top city in contributing to this growth, adding 660 corporate clients and also leading in revenue growth

The growth narrative underscores OYO’s expanding footprint in the business travel segment, reflecting the brand’s growing appeal among a diverse range of corporate entities

The company’s sustained growth in corporate clientele and the resultant revenue increase are indicative of its robust business model and its ability to cater to the varied needs of the business travel sector