- OYO introduces Oravel Travel Solutions – a dedicated business vertical for corporate travel
- It is a B2B product by OYO for seamless corporate travel and event planning
- It will be dedicated to organising summits, off sites, and other business events in OYO’s more than 500+ company-serviced hotels across India
- OYO to offer special corporate packages—complete with comfortable stays, tailored meal plans, conference setups, and event support
- A Deloitte report says that Indian corporate travel market is set to double to $20.8 billion by the financial year 2029-2030
TTT NEWS NETWORK
NEW DELHI, 24 OCTOBERÂ 2024:
Global hospitality technology company OYO has announced the launch of Oravel Travel Solutions – a dedicated B2B corporate travel vertical, designed to cater to the growing demand for business travel solutions. OYO aims to offer a diverse range of services such as corporate summits, off-site meetings, and business events through its dedicated platform through this initiative.
With a network of 500+ company-serviced accommodations across India, OYO offers exclusive corporate rates and end-to-end event solutions. These properties provide smooth check-ins, customized meal plans, fully equipped conference setups, and on-site event management support, ensuring a seamless experience tailored to meet the diverse needs of businesses.
In addition to metro cities, OYO will strategically leverage its presence in tier-2 and tier-3 cities to cater to growing corporate travel demands beyond traditional hubs. With its company serviced hotels, OYO will also ensure quality and consistency across its offerings.
Commenting on the initiative, Ritesh Agarwal, CEO, OYO said “The corporate travel market is undergoing rapid transformation as businesses seek travel solutions that are both cost-efficient and flexible. Our new corporate vertical will not only cater to large enterprises but also meet the needs of small and medium businesses. From smooth check-ins to hosting conferences and meetings, our dedicated teams handle every detail to ensure your business trips and events are hassle-free”.
During the pilot phase of this program, OYO has already partnered with clients such as Tech Mahindra Ltd, Cult fit Healthcare Pvt Ltd, Sun TV Network Limited, V Mart Retail Ltd, Devyani International Limited, JIO Platforms Limited, Aditya Birla Health Insurance Company Limited, India Infoline Limited, Reliance Group Support Services Private Limited and more.
A recent report by Deloitte ‘Decoding India’s corporate travel sector’ says that corporate travel represents 20 per cent of the overall market, valued at $10.6 billion. Indian corporate travel market is set to double to $20.8 billion by the financial year 2029-2030. As the demand for corporate travel continues to grow, this business vertical represents OYO’s commitment to expanding its offerings and deepening its presence in the corporate segment.
About OYO
OYO is a global platform that empowers entrepreneurs and businesses with hotels and homes by providing full-stack technology products and services that increases revenue and eases operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 170,000 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia.
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