OYO is the world’s 3rd largest hotel chain operating from Tokyo to Texas and the world’s fastest growing chain of hotels, homes & spaces! Launched in May 2013, OYO’s mission is to create quality living spaces, for anyone, everywhere. With the @Leisure Group joining the chain, OYO today has footprints in more than 800 cities across 80 countries - UK, US, India, China, Malaysia, Nepal, UAE, Indonesia, Saudi Arabia, the Philippines, Japan and Vietnam. Globally, OYO has over 23,000 buildings and over 1 million rooms under management and 125,000 vacation homes.
OYO Hotels and Homes has revolutionized the fragmented and legacy-driven budget hospitality space in several markets around the world by empowering small and independent asset owners with the operational capabilities and technology that enables them to deliver predictable, affordable and good quality customer experiences. compete with big hotel chains, and achieve high occupancies and therefore yields. OYO uses innovative technology solutions to facilitate standardization of services, amenities and in-room experience, thereby helping maintain service standards while ensuring operational efficiencies using predictive analytics in revenue management, inventory management, and dynamic pricing.
Over the last six years, OYO has built distribution, operational, transformational, and construction capabilities, which makes it possible for it to acquire and renovate properties in a record time of 3-14 days. With a dedicated team of general managers across its assets, OYO’s focus is to improve professional asset management, occupancy, check-in experience, and overall service standards. Additionally, its strong team of civil engineers undertakes the necessary construction and renovation work for small, unbranded hotels, and upscales them to quality living spaces. Additionally, through its strong distributional channels, both online and offline, OYO helps asset owners with demand generation and management, critical to building a sustainable and healthy business.
OYO’s strong focus on operational capability building, through investments in technology, and talent, makes it possible for the company to add over 80,000 rooms to its chain, every month, globally - core to its fast-paced international expansion.
After successfully capturing the budget hospitality space with its first brand OYO Rooms now known as OYO Hotels, the company, currently has a multi-brand approach, with curated offerings for changing needs of today’s travelers. These include, OYO Townhouse, your neighbourhood hotel, in the midscale segment targeted at millennial traveller aspiring premium economy accommodations; OYO Home, perfect homestay options in the best tourist destinations; SilverKey and Capital O, targeted towards corporate travellers; Collection O, Palette Resorts, our first brand in the upscale segment, featuring upper-end leisure resorts, that offers perfectly curated staycation for those in search of an intuitive experience at competitive prices; and OYO LIFE, targeted at millennials and young professionals in search of fully managed homes on long-term rentals, at affordable prices. Other than this, OYO Hotels and Homes, also offers OYO WORKSPACES.
OYO remains committed to focus on transforming the hospitality industry by ensuring a seamless good quality experience for customers, and sustainable incomes for asset owners while generating job opportunities for thousands of people across the world.
OYO is backed by leading investors, including the SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, Hero Enterprise, and China Lodging Group. The company recently raised $1 billion and gained the unicorn status. For more information, log on to https://www.oyorooms.com/