Seeking partnership with realtor for new hotel development
OYO has launched 30 company serviced hotels in Bangalore as part of its plans to launch 100 in 2024
OYO will offer its best managed hotel’s operators with option to operate additional hotels
OYO actively seeking partnership with real estate developers to identify properties for these hotels
OYO will take these hotels on management contract this year and invite its most professional hotel operators to run these properties
These hotels will be tagged as ‘Company Serviced’ on company’s App and Website to signal OYO’s active involvement in their operation and superior quality
Bangalore, June 25, 2024: Global hospitality technology company OYO has announced that it will launch 100 company serviced hotels in Bangalore this year. During the pilot phase of the program, OYO has already launched 35 hotels in this category. Some of them include
OYO is also looking for partnership 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 give them an opportunity 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 the 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 Bangalore 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.”
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 own 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.
