Travel booking platform ixigo (Le Travenues Technology Ltd) has approved the acquisition of a 54.66% stake in flexible-stay hotel network Brevistay (Brevistay Hospitality Pvt. Ltd.)Ltd.) for a total investment of Rs 65.69 crore, according to a regulatory filing.
The company will execute the transaction through a combination of primary and secondary share purchases, subject to the fulfillment of conditions outlined in the definitive agreements. Upon completion of the deal, Brevistay will become a subsidiary of ixigo.
Furthermore, ixigo disclosed that it retains the right to acquire the remaining stake in Brevistay in the future, subject to the fulfillment of certain pre-defined conditions. This provision provides the company with a potential pathway to full ownership as it continues to strengthen its position in the hospitality and travel technology sectors.
The acquisition represents a significant milestone in ixigo’s strategy to expand its hotel business and deepen its presence across India’s rapidly growing accommodation market. By integrating Brevistay’s offerings, ixigo aims to enhance its hotel inventory, improve customer experience, and unlock new growth opportunities within the travel ecosystem.
Founded in 2016, Brevistay has established itself as India’s largest flexible-stay hotel network. The platform specializes in short-duration and overnight hotel bookings, catering to a growing segment of travelers seeking flexible accommodation options for business trips, transit stays, leisure travel, and day-use bookings.
Following the acquisition, the combined hotel network of ixigo and Brevistay will encompass more than 10,000 directly contracted hotels across India. Consequently, the transaction will significantly accelerate ixigo’s hotel onboarding efforts while strengthening its competitive position in the online travel and hospitality industry.
Announcing the acquisition, Aloke Bajpai, Group CEO, ixigo, and Rajnish Kumar, Group Co-CEO, ixigo, said, “Together (with Brevistay), we see significant opportunities to leverage technology, AI, and distribution to create a more comprehensive accommodation ecosystem for Indian travelers while helping our hotel partners maximize utilization and revenue, targeting a diverse pool of hotel bookers.”
The acquisition also aligns with broader trends in the travel technology industry, where companies increasingly leverage artificial intelligence, data analytics, and digital distribution networks to deliver personalized travel experiences and improve operational efficiency. By combining Brevistay’s expertise in flexible-stay accommodations with ixigo’s extensive travel platform and technology capabilities, the companies aim to create greater value for both travelers and hotel partners.
Moreover, the deal strengthens ixigo’s ambitions to become a comprehensive travel ecosystem provider. Beyond transportation bookings, the company continues to expand into adjacent segments such as hotels, vacation stays, and travel services, thereby increasing customer engagement and revenue diversification.
India’s hospitality sector has experienced strong growth in recent years, driven by rising domestic tourism, business travel, digital adoption, and increasing demand for flexible accommodation solutions. As travelers seek greater convenience and customization, platforms offering innovative booking models such as short-stay and hourly hotel bookings continue to gain popularity.
ixigo’s acquisition of a majority stake in Brevistay marks a strategic move to strengthen its position in India’s evolving travel and hospitality market. By integrating Brevistay’s extensive flexible-stay hotel network with its own technology-driven travel platform, ixigo aims to create a more comprehensive accommodation ecosystem for travelers while helping hotel partners improve occupancy and revenue. The deal not only expands ixigo’s hotel portfolio but also reinforces its long-term vision of becoming a leading end-to-end travel technology platform in India.
