OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational OTA, homes and living spaces. Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. The start-up expanded globally with thousands of hotels, vacation homes and millions of rooms across more than 80 nations including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more.
OYO is a new age technology platform empowering the large yet highly fragmented global hospitality ecosystem. The company is trusted by such businesses as it demonstrates a sustained increase in earning of our patrons.
OYO has pioneered a unique business model where they have enabled the digital transformation of small hospitality businesses and unlock their economic potential enabling them to provide high quality experiences to customers at a compelling price
OYO is nurturing a unique direct to consumer brand that channels demand through OYO's App, web & m-web platforms, online travel agents, corporates tie-ups among others.
Ritesh Agarwal Director
Aditya Ghosh Director
Abhishek Gupta Chief Financial Officer
Vimal Chawla Company Secretary
In 2019, OYO had over 17,000 employees globally, of which approximately 8000 are in India and South Asia. OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets. The company invests in capex, hires general managers to oversee operations and customer experience, and generates around a million job opportunities in India and South Asia alone. OYO set up 26 training institutes for hospitality enthusiasts across India in 2019.
In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. It further Introduced an upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. In June 2021, Oyo Rooms collaborated with Yatra, Airbnb, and EaseMyTrip to form the Confederation of Hospitality, Technology and Tourism Industry (CHATT), an industry body for the tourism sector of India.
OYO is currently one of the tourism industry’s fastest growing companies. It is the world’s sixth largest chain of operated hotels, homes, managed living and workspaces.In 2018, OYO grew its room numbers at 10 times the pace of global leader Marriott. It has conquered Asian territory and is moving in to international markets. The hotel chain established operations in the UK, UAE, Dubai, China, Singapore and Indonesia.
The consolidated revenue from operationswas financially significantly impacted owing to Covid. The Companys consolidated net loss decreased significantly as highlighted above inspite of Decrease in revenue by almost 70 %, which implicated huge potential in future financials.
Particulars FY 2019-20 FY 2020-21
Consolidated Revenue from Operations 13168 Cr 3977.12 Cr
Consolidated Loss 13129 Cr 393.63 Cr