US drives a quarter of Oyo's FY25 revenue: Founder Ritesh Agarwal to leaders
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Oyo has seen a 'significant' shift in its revenue landscape in financial year 2025, with its US businesses contributing approximately 24% of the company's total revenue driven by its acquisition of G6 Hospitality, as per documents shared by Oyo founder Ritesh Agarwal with the company's senior leaders. The documents were seen by ET. G6 Hospitality is the American motel company that Oyo acquired from Blackstone Real Estate.The acquisition, which was completed in December last year, added 1,500 franchised hotels across the US and Canada to Oyo's portfolio. G6 Hospitality operates the Motel 6 brand and the Studio 6 brand. In the financial year 2024, the combined revenue share of Oyo's US operations stood at 15%, as per documents seen by ET.Agarwal also shared that the number of hotels in India grew by 22% in financial year 2025 versus financial year 2024 , which led to growth in the company serviced hotels under the brands Townhouse, Palette and Capital O.As per the documents, since the G6 acquisition, the company has added over 150 corporate clients in the US, primarily from Texas, California, and Florida, and the corporate segment revenue increased by approximately 26% in quarter one of 2025 compared to the same period last year, with the company adding about 50 new corporate accounts monthly since January 2025.Earlier this year G6 announced a $10 million investment in the US to grow direct demand through its website and the My6 app.Last month, Agarwal told the company's senior leadership that the company was on track to post more than Rs 2,100 crore in revenue in the fourth quarter ended March 31, a more than 60% increase from a year earlier."A key contributor to this performance has been the integration of G6 Hospitality, adding Rs 275 crore to our revenue," Agarwal wrote to his top executives in an email which ET had seen. "Even without G6, our revenue stands strong at Rs 1,886 crore, demonstrating robust organic growth of 42%," he had added.Agarwal had said the company expects a profit after tax of Rs 1,100 crore in financial year 2026, and Rs 2,000 crore in earnings before interest, tax, depreciation and amortisation.He cited the company's performance in its 'core markets' such as India and the US, along with 'significant' contributions from emerging markets in Southeast Asia and the Middle East for the projections. In quarter three of financial year 2025, the company recorded a net profit of Rs 166 crore on revenue of Rs 1,636 crore, he had said.
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