OYO finds key to stay robust

OYO Hotels and Homes has seen its year-on-year revenue grow four-fold backed by high yields to asset owners and quick renovation services.

The homegrown technology-driven hotel chain that leases franchisees and properties has seen its realised value grow to $1.8 billion in December 2018 from $0.4 billion a year ago.

Expansion in India and overseas will aid the future growth of the company, according to Aditya Ghosh, CEO of India and South Asia, OYO Hotels and Homes.

“Over 75 per cent of the hotel owners associated with OYO Hotels have seen an increase of 20-30 per cent in occupancy, a 2.5 times jump in RevPar (revenue per available room) and a significant jump in profit.