OYO saw 83% Year Over Year growth in Business
- ByStartupStory | December 10, 2022
Travel restrictions have been imposed on India for two consecutive years due to the pandemic, but now it can be seen that travel has made a strong recovery in India. According to the Business Travel Trends Report 2022, bookings in business cities increased by 83 percent year on year from April to November this year when compared to the same time last year.
The report focuses on booking trends in major business cities such as Delhi, Noida, Gurgaon, Chandigarh, Panipat, Ludhiana, and Dehradun in the north; Lucknow, Patna, Kolkata, Guwahati, and Bhubaneshwar in Mumbai, Indore, Ahmedabad, and Pune in the east; Bangalore, Chennai, Hyderabad, and Coimbatore in the south; and Bangalore, Chennai, Hyderabad, and Coimbatore in the west.
The most booked business city is Delhi, followed immediately by Hyderabad. Bangalore, Kolkata, and Chennai are the other top booking cities. Bookings in Hyderabad have increased by 100% year on year, while bookings in Delhi have increased by 50%. Bangalore experienced 128% growth, while Kolkata and Chennai experienced 96% and 103% growth, respectively.
As per reports booking trends in major commercial cities such as Younger business travellers, such as recent college graduates and those who have recently entered the profession or business, such as traders and small scale businesses, were crucial to the recovery process.
“The pendulum has certainly moved in business travel, and we believe that this trend will continue.” We have created unique programmes to guarantee that business travellers have an enjoyable stay. Customers with corporate affiliations will benefit from specialised stay options, outstanding personalised customer care, and connectivity with their accounting system,” said Kavikrut, Chief Growth Officer of OYO.
“By 2023, we will be the world’s largest hotel chain,” the 24-year-old inventor said in a recent conversation at an Oyo hotel in a New Delhi suburb where the company is headquartered. “We want to transform broken, unbranded assets all throughout the world into higher-quality living areas.” According to the organisation, corporate bookings and stays were led by small and medium-sized businesses, conventional business houses and conglomerates, start-ups, travel management companies, and film production houses.
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