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Press background on OYO
Company profile
OYO is India’s largest branded network of hotels founded by Ritesh Agarwal, India’s first graduate of the Thiel Fellowship, a program started by Paypal founder, Peter Thiel. OYO currently operates in more than 170 Indian cities including Delhi, Gurgaon,Mumbai, Bangalore, Hyderabad, Goa, Chennai and Kolkata. These include major metros, regional hubs, top leisure destinations, as well as pilgrimage towns. OYO has also recently launched operations in Malaysia. The company’s vision is to become the most preferred and trusted hotel brand. It is backed by the world’s leading investor including the SoftBank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India.
 Recent press releases
Inspired by JD.com, OYO Forms an Integrity Committee in China

OYO Hotels & Homes - South Asia’s largest, China’s 2nd largest, and the world's 6th largest chain of hotels, homes, and quality spaces - in an effort to uphold its commitment to the highest standards of compliance, integrity and ethics, today announced that taking an inspiration... (more)
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Wizard, OYO’s Hospitality Loyalty Program, Reaches 1 Million Subscribers within Nine Months of Launch

5000+ hotels under OYO’s portfolio have partnered with this program
Every fourth room booked via Wizard membership on OYO platform
Aggressive expansion plans in pipeline to reach 3X customer base by the end of 2019
 
OYO Hotels and Homes, South ... (more)
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OYO Hotels & Homes and MTV Roadies Join Hands to Offer Roadies Real Heroes the Best Hospitality Experience

OYO Hotels & Homes, South Asia’s largest, and the world's fastest growing chain of hotels, homes, and spaces, has partnered with the 16th Season of Roadies, India’s longest running reality show. Droom.in MTV Roadies Real Heroes, powered by OPPO, Co-powered by Frankfinn Institut... (more)
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OYO Launches Industry First in-app SOS Button

OYO reiterates its commitment to bringing technology led innovations for enhanced safety of all the guests - a first in the hospitality industry
 
OYO - South Asia’s largest, and world’s fastest growing chain of hotels, homes and quality spaces - as part of its... (more)
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OYO Believes Budget Association Frenzy Misplaced; Will Lead to Price Increase Upto 40%

FHRAI seems to have been misguided by certain bodies (not necessarily by franchisees and lessors associated with OYO Hotels) with vested interests
OYO has not charged commissions over 25%, and neither does it intend to unless it invests in capital expenditure
OYO believes t... (more)
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OYO Continues to Gain High Market Share Despite its Hotel-only Focus Against Traditional Players: Kalagato Report

OYO, India’s largest hospitality chain, continues to power its growth momentum emerging as a successfully differentiated offering in the hotels-booking space. According to a recently released report by Kalagato, India’s leading market and competitive intelligence provider, OYO has carve... (more)
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OYO Townhouse Debuts in Bengaluru

OYO to launch 25 Townhouse properties in Karnataka this year to tap the mid-market and premium leisure segment
Townhouse, ‘the friendly neighbourhood hotel’, is a unique combination of a hotel, home, merchandise store and café
 
OYO, India’s... (more)
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OYO Strengthens Technology Leadership, Appoints Suvesh Malhotra as VP Engineering

 
In line with its continued focus on innovation in consumer-tech, OYO - India’s largest hotel network appointed Suvesh Malhotra as VP-Engineering. As part of OYO’s technology leadership team, Suvesh will work on building technology as a core differentiator to deliver ... (more)
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An “Impulse Planning” Paradox is the Emerging Trend Amongst Indian Travelers

61% of OYO bookings in 2016 were from impulse travelers yet predictability, standardisation and affordability remain their key priorities
Paharganj is the go-to spot for backpackers in Delhi while Arambol is the most affordable locality in Goa despite ranking high on popularity
... (more)
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OYO Appoints Anil Goel as Chief Technology Officer

OYO - India’s largest Hotel Network – has appointed Anil Goel as Chief Technology Officer. Anil joins the Leadership team at OYO to provide strategic direction and strengthen the technology infrastructure powering the Company’s business operations. The appointment is pivotal ... (more)
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