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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
OYO Strengthens its Leadership Table for India & SA Business

OYO Hotels & Homes, the world’s leading chain of hotels, homes, and spaces has today announced the elevation of three key business leaders within the India & South Asia business. The company has elevated Sharad Saxena to Chief Supply Officer - Franchise hotels business, South ... (more)
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OYO India Walks the Talk on its Commitment to Quality - Implements 3C & Club Red Programs for Improving Customer Experience

Under the 3C program, actions are taken wherever there are little improvements in customer experience despite multiple interventions on staffing, management and day-to-day operations
In the last three months, with an increased  focus on quality & security, 0.5% hotels... (more)
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With 5 million Subscribers and 9200+ Partner Hotels, OYO’s Loyalty Program, OYO Wizard, Drives ~49% of Bookings; Indicates Surge in Loyal OYO Customers

Every second room booked by a Wizard member on OYO
Expansion plans in the pipeline to reach 6.5M members by the end of 2019
 
OYO Hotels and Homes, India and South Asia’s largest and world’s second-largest and fastest-growing chain of hotels... (more)
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CCI Holds OYO not Dominant; Says Company has not Engaged in Predatory Conduct nor is it Charging Exorbitant Commissions

CCI Investigation: OYO cleared of all allegations on market dominance and predatory pricing; Dismisses 5 of 6 allegations against OYO by FHRAI
Hon’ble CCI recognises OYO is a hotel chain and not an OTA (Online Travel Agent);
Dismisses FHRAI concerns/allegation... (more)
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OYO Hotels & Homes Elevates Gaurav Ajmera to be its Chief Operating Officer, India & South Asia

OYO Hotels & Homes, India’s largest, world’s 3rd largest and fastest-growing chain of leased and franchised hotels, homes, living and workspaces, today announced the appointment of Gaurav Ajmera, as the Chief Operating Officer, India and South Asia, effective May 1, 2019. Th... (more)
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OYO Hotels and Homes Enables 2000+ Hotel Owners to Benefit from Cash in Bank, its Industry-first Initiative; Over INR 45 Crore Disbursed in June

As focus on customer experience intensifies, OYO provides renovation assistance to building owners in the form of easy to avail, hassle-free and collateral-free trade advances within 48 hours
OYO has already enabled investments of over INR 14,000 cr in capex by banks, individu... (more)
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OYO’s Mid-segment Offering for Corporates, Collection O Hotels Reaches a Milestone 175 Buildings in 3 Months; Attracts 300+ Corporate Brands on Board

Collection O caters to the requirements of discerning business travelers; Currently present in 37 cities in India, Collection O plans to expand to 50 cities by FY 2019-20
With ~85% occupancy on an average, Collection O has also witnessed 92% traction from repeat & word-of-... (more)
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OYO Hotels Enters a Strategic Partnership with China’s Meituan

OYO Hotels to list 8,000 of its standardized and high-quality hotels on Meituan in the first phase of this year-long partnership
Meituan has a comprehensive accommodation service platform under the Meituan group
Both companies to work together towards offering quali... (more)
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OYO’s Loyalty Program Reaches 1.5 Million Subscribers; Drives 25% of Bookings

OYO Wizard plans to reach 3-4X customer base by the end of 2019
6000+ hotels under OYO’s portfolio have partnered with this program
 
OYO Hotels & Homes, South Asia’s largest, China’s 2nd largest, and the world’s 6th largest a... (more)
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Reiterating its Commitment to Safety, OYO India Makes Key Senior Hires

Combination of tech and talent to improve guest safety and experience across India SA
Capt Shakil Ahmed joins as Vice President of Security, India SA
Annie Vig joins as Director - Emergency Response, India SA
 
OYO Hotels & Homes, South As... (more)
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