OYO Rooms Case study & Business Model


 

OYO Rooms Case study – Oyo Hotels & Homes are India’s largest and world-leading chain of hotels, homes, and spaces. OYO is Stands for On Your Own. However, It is Gurgaon Based startup founded by 18-year-old Ritesh Agrawal in 2013. In fact, Today Oyo operates in over 800+ cities, 80+ countries, and 43000+ hotels with over 1 million rooms are listed on their website. Moreover, Oyo committed to building the world’s largest hotel chain and it initially consists of budget hotels. In addition, Oyo provides online booking facilities for their customers with attractive discount offers. Through online booking, customers can easily find a nearby hotel room, discover the best deals according to their budget, and traveled around the world with Oyo.

HOW OYO ROOM WAS STARTED – HISTORY 

In 2012 Ritesh Aggarwal was traveling in the whole of India at that time he saw that he was unable to find rooms with affordable price and good condition if the price of the room is low then the facility and condition of the room is terrible at that time the idea of starting Oyo rooms came into his mind.

In 2012, Ritesh was Firstly Started Oravel Stays in Gurgaon that’s allows listing and booking of budget rooms; he renamed the Oravel Stays to OYO in 2013.

OYO is associated with Some hotels to give similar guest experiences around the cities. Soon after Starting Oravel Stays, Ritesh Agarwal received funding of $100,000 from Peter Thiel as part of the Thiel fellowship. OYO currently has to work with 17,000+ employees worldwide, of which approximately 8000+ are Indian and South Asian. it has also established 26 training institutes for hospitality enthusiasts all over India. OYO Rooms Case study

 

 


Comments

  1. rohan nayak8 May 2022 at 22:20

    Thanks for this essential information, its very informative and important
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