OYO launches 7 company serviced hotels, targets 35 new properties in 2024

OYO launches 7 company serviced hotels, targets 35 new properties in 2024

OYO launches

Global hospitality technology company OYO has announced that it will launch 35 company-serviced hotels in Mumbai this year. During the pilot phase of the program, OYO has already launched seven hotels in this category Townhouse Vista Suites PBG Mall Vashi; Super Townhouse Blue Diamond Vashi; Townhouse Ace Marol Near Mumbai, International Airport, Super OYO Kailash Park Near Shivaji International Airport; Super Collection O in Kalyan West; Collection O Milona, Airoli and Palette Irayos Lifestyle Retreat in Palghar.

OYO is also looking for partnerships with real estate developers to identify and develop new hotel properties across various regions. These hotels will be operated by OYO’s most professional hotel operators, which will allow them to grow and expand their business.

These hotels will be listed on OYO’s app and website as ‘Company Serviced’ hotels to signal OYO’s active involvement in their operation.

OYO plans to accelerate its expansion by combining OYO’s innovative technology and hospitality solutions with the real estate sector’s insights and local knowledge. The program will allow its top hotel partners to earn additional revenue without taking the risk of leasing or the overhead costs of starting a new hotel. These operators will get dedicated relationship managers and access to OYO’s network of over 15,000 corporate accounts and more than 10,000 travel agents.

Most of these hotels will be onboarded under the company’s premium hotel offerings such as Townhouse, Townhouse Oak, and Collection O.

In the process, OYO is also providing property or hotel owners an opportunity to give out their property to a large organization at a fixed rental, revenue sharing or management contract basis and be assured of safe upkeep of their property.

The company will closely monitor the hotel’s upkeep and customer reviews to evaluate and reward the top operators.
The initiative aims at establishing a collaborative ecosystem where OYO, hotel operators, and property owners will work together to run guest-focused, well-run hotels in line with the company’s aim of fostering economic growth in communities through partnerships.

The program underscores OYO’s commitment to providing a comprehensive range of choices to customers. Whether it’s a business trip, family vacation, or solo adventure, guests will have more stay options in top-rated properties that complement their travel styles, budgets, and preferences.

Speaking on the development, Varun Jain, Chief Operating Officer, OYO said “Our new serviced hotels in Mumbai are designed to cater to the diverse needs of business and leisure travelers alike. With a focus on comfort, convenience, and personalized service, these properties offer a blend of modern amenities and exceptional value.”

Commenting on the opportunity, BuntySayal of Hotel Blue Diamond, Vashisaid “”OYO has made managing my hotel operations incredibly convenient, allowing me to oversee everything without being physically present throughout the day. I receive regular updates and assured returns, all without the worry of property upkeep. Their efficient management and reliable service have truly been beneficial for me.”

OYO Rooms has simplified, modernized, and digitalized its tech stack to help patrons increase their visibility and in turn, improve their revenue. Its revamped technology products, like Co-OYO, allow patrons to design and run their promotional offers to increase occupancy. The AI-based self-onboarding tool OYO 360 provides a simple two-click platform to enroll patrons on its platform. With a simple review, in a single click, the property will be live in just 30 minutes across all platforms.

Rabindra

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