OYO Rooms is now India’s largest budget hotel chain
OYO’s network includes 4,500 rooms in 400 plus hotels in 16 cities in India
Aims to expand to 2,000 hotels in 45 cities by year-end
New Delhi, May 27, 2015: Continuing with its rapid expansion drive, OYO Rooms today crossed an important milestone as it became India’s largest budget hotel chain, with a network covering 4,500 rooms in 400 hotels across India. OYO Rooms is already India’s largest branded network of hotels, having grown its network to 400 hotels in 16 cities today, from one hotel in Gurgaon less than two years ago.
Funded by Lightspeed, Sequoia, Greenoaks Capital and DSG Consumer Partners, OYO Rooms also said that the company has set itself a revised target to expand its network to 2,000 hotels in 45 cities by this year-end.
Ritesh Agarwal, Founder and CEO of OYO Rooms said, “India’s budget hospitality market is ripe for disruption and as the market leader, we are best poised to lead this change. Our customers’ feedback and loyalty encourages us to redouble our growth efforts as we are keen to bring the OYO experience to as many Indian travelers in as many different cities as possible, and at the earliest.”
OYO Rooms had recently launched its mobile app that promised a hotel room booking in less than 10 seconds. The OYO Rooms mobile app is also the world’s first personal room service app that allows guests staying at an OYO to order room service directly from their smartphones. The app has already crossed more than 100,000 downloads within a month of its launch.
Available on Android and iOS platforms, more than 15,000 bookings have been made through the OYO Rooms mobile app within a week.
Abhinav Sinha, COO of OYO Rooms said, “OYO Rooms started this segment and is ahead of other players who have recently entered this space. We are the pioneers in bringing the comfort and experience of an expensive hotel at a really affordable price and use technology to enhance customer experience. That is why most of our branded hotels witness more than 80% occupancy and our customers love us. It is their trust in us that has given us the confidence to continue to grow at such a rapid pace.”
About OYO Rooms
OYO Rooms is India’s largest network of branded hotels. It currently operates in 16 major business and travel destinations including Delhi, Mumbai, Bangalore, Hyderabad, Pune, Chennai, Goa, Jaipur, Gurgaon, Noida, Ghaziabad, Manesar, Neemarana, Kolkata, Varanasi and plans to launch many more.
OYO Rooms offers an unmatched proposition to its consumers at affordable prices that start at Rs 999. As a brand, OYO promises comfortable delightful stays that includes an AC room, complimentary breakfast and Wi-Fi with 24*7 customer service support. Hotel owners that partner with OYO Rooms see a significant increase in occupancy levels and become part of a brand that is recognized and loved by travellers nationwide.
As a leader, OYO Rooms has created a new paradigm in the hospitality sector through an asset-light managed marketplace model. This innovation coupled with sound execution has been recognized by several national and international accolades including TIE Lumis Business Excellence Awards, India International Travel Mart Award and Lufthansa ET Now Runway to Success Award. For more information log on to www.oyorooms.com.