MakeMyTrip Ltd. and OYO announce partnership
MakeMyTrip Ltd. (NASDAQ: MMYT) India’s leading online travel company and OYO, India’s largest hospitality company, today announced their partnership whereby OYO’s award-winning chain of hotels across India, Malaysia and Nepal will be listed and available for booking on MakeMyTrip across its popular OTA brands MakeMyTrip and Goibibo. The partnership will add momentum to India’s rapidly growing travel sector by bringing together OYO’s large base of economy, mid-segment and vacation rentals assets and India’s largest online travel customer-base served by MakeMyTrip, Goibibo & RedBus.
Ritesh Agarwal, Founder & CEO – OYO, said, “With OYO, we’ve created a brand that resonates quality for both our customers and hotel partners. Being a full stack hospitality tech company, we have built capabilities to run quality-ensured accommodations across different formats and placing them in the hands of travellers who are constantly on the lookout for unique experiences. We are excited to extend our offerings of beautiful living spaces to them through MakeMyTrip and GoIbibo.”
Rajesh Magow, Co-founder & CEO India, MakeMyTrip Ltd. said, “We are committed to bring the best of travel experience to our customers, it’s why we offer them a variety of options across price segments, particularly in the fragmented economy and mid-segment hotels, where there is a greater need to build assurance around stay experience. With OYO’s evolution as a full-scale hospitality company, we are excited to offer their award-winning chain of hotels in the value economy and mid-market category through MakeMyTrip and Goibibo platforms. “
Maninder Gulati, Chief Strategy Officer, OYO, said, “We are thrilled to bring OYO hotels to millions of travellers who book on MakeMyTrip and GoIbibo. Our mission is to ensure the quality problem is solved in India’s hospitality market by creating beautiful living spaces and offering varied experiences to travellers and this partnership is a big step forward in that direction.”
Ritwik Khare, Chief Business Officer, Hotel & Accomodations, MakeMyTrip Ltd. said, “There has been a massive surge in budget hotels category igniting the growth in the hospitality sector and we are excited to join hands with OYO and build synergies in the fragmented hotels segment to serve this very promising market. As the leader in online travel space, we believe this partnership will help serve our customers by giving an even wider spread of quality hotels to choose from and drive growth in online booking of hotels.”