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Oyo rooms essay

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From: Felipe P.
Added: 23.04.2021
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With a current valuation of nearly Cr, OYO rooms does nothing out of the box but provides travellers the coolest yet cheapest efficient, young, standardized rooms with no add-ons attached to it! But mind you, this is also the look of the founder who puts in 16 hours a day to make his dream come true, and has been through a wild journey from as far back as he can remember, to get this ahead. He has travelled all over the country and during such travels, discovered the problem with budget hotels. At the age of 17, he launched Oravel travels, modelled after Airbnb, which later branched out to become OYO rooms.
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OYO Rooms: India’s largest budget hotel brand built in less than 3 years!

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Business Model Of Oyo Rooms - How Oyo Rooms Work | Feedough

In , Ritesh Agarwal launched Oravel Stays to enable listing and booking of budget accommodations; he renamed the firm to OYO in OYO partners with hotels to give similar guest experience across cities. The company invests in capex, [17] hires GMs to oversee operations and customer experience as well as generating around a million job opportunities in India [18] and South Asia alone. OYO has also set up 26 training institutes for hospitality enthusiasts across India. In April , it was claimed by several news reports and social media posts that OYO had filed for bankruptcy, [20] [21] but CEO Ritesh Agarwal clarified it to be untrue. In March , OYO acquired Chennai -based service apartment operator Novascotia Boutique Homes [34] [35] marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay.
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Business Analysis: Case Study Of OYO Rooms

Remember Me. Register Lost your password? Rising middle-class and increase in disposable income is pushing the budget travel segment to an all-time high, but the lack of reliable budget accommodation is still a major challenge for travellers.
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Jump to navigation. Are you going out for a trip with a group of your friends and yet not done with room booking? Don't worry, you can go for Oyo rooms.
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