OYO travel agent enrollment reports sharp uptick of 150% in FY23

Hospitality technology platform OYO said on Wednesday that it saw more than 150 percent growth in travel agency registrations in the fiscal year ending March 31.

The company attributed the growth to the resurgence of travel in India over the past few years, which has expanded business opportunities for travel agencies.

A total of more than 5,300 travel agencies across India worked with OYO in the financial year ended 31st March 2023, compared to around 2,100 travel agencies in the 2021-22 financial year.

The company said the growth is evenly distributed across all regions in India and supported by travel agencies of various sizes and scales.

OYO has a large network of more than 17,000 hotels globally. There are a large part of these hotels in India spread across 400 cities in India.

“Collaborating with travel agencies is not just about expanding our reach, it is about cultivating a partnership that fosters mutual growth.

“They play a critical role in the growth of our business by distributing our hotel inventory more efficiently to a wider range of guests, understanding market trends and customer preferences, and helping us improve our offering and services,” said Varun Jain, Chief Operating Officer – Business India. , OYO.

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First published: May 10, 2023 | 2:05 p.m ist