Flexible Hotel Tech Growth

Ixigo Acquires Brevistay Majority Stake for ₹66 Crore, Boosting Flexible Hotel Stays

Ixigo said its board approved plans to acquire a 54.66% majority stake in Brevistay Hospitality for ₹65.69 crore, with Brevistay set to become a subsidiary once conditions are met and Ixigo can buy the remaining stake later subject to agreed terms. Brevistay, founded in 2016, runs a flexible-stay hotel platform focused on short-duration and overnight bookings across budget to premium properties in India’s major cities and smaller towns. The combined companies will give Ixigo access to more than 10,000 directly contracted hotels, strengthening its accommodation business in a segment viewed as higher-margin than its core ticketing operations. Ixigo framed the move as a way to use Brevistay’s flexible inventory model—such as hourly rentals—to improve utilization for hotels and complement its AI-led distribution and workflow efficiencies. Analysts and investors note potential headwinds, including social stigma around hourly rentals and high customer acquisition costs, even as Ixigo looks to reduce reliance on discount-driven growth. Brevistay has reported rising revenue in recent fiscal periods, and the transaction structure (primary and secondary purchases) reflects a staged approach to capital deployment amid volatile market conditions.

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