OYO

NAME : ASTHA CHAVDA

ROLL NO: 21BBA022
SUBJECT: BUSINESS LEGENDS
INTRODUCTION

 OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian
multinational hospitality chain of leased and franchised hotels, homes and
living spaces. Founded in 2012 by Ritesh Agarwal, OYO initially consisted
mainly of budget hotels. As of January 2020, it has more than 43,000
properties and 1 million rooms across 800 cities in 80 countries, including
India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan,
Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States.
RITESH AGRAWAL’S PERSONAL LIFE

Born 16 November 1993 (age 28)

Bissam Cuttack, Rayagada, Odisha, India
Occupation CEO and Founder of OYO
Years active 2012–present
Organization OYO Rooms
Awards Thiel Fellowship, Business World Young
Entrepreneur Award
 Trade name OYO Rooms
 OYO Hotels and Homes
 TypePrivate
 Industry Hospitality
 Founded 2012; 10 years ago[1]
 Founder Ritesh Agarwal
 Headquarters Gurgaon, Haryana, India
 Area served Asia, Europe and Americas
 Key people Ritesh Agrawal (Founder and Group CEO)
 Revenue Decrease ₹4,157 crore (US$520 million) (2021)[2]
 Net income Positive decrease ₹−4,102 crore (US$−510 million) (2021)[2]
 Total assets Decrease ₹8,751 crore (US$1.1 billion) (2021)
 Number of employees 5,130 (2021)[3]
 Website www.oyorooms.com
HISTORY

 In 2012, Ritesh Agarwal launched Oravel Stays to enable

listing and booking of budget accommodations; he
renamed the firm to OYO in 2013. OYO partnered with
hotels to give similar guest experience across cities.
Shortly after launching Oravel Stays, Ritesh Agarwal
received a grant of $100,000 as part of the Thiel
Fellowship, a two-year program from PayPal co-founder
Peter Thiel
CONTINUE…

 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
CONTINUE…

 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.

 In October 2021, OYO appointed paralympian Deepa Malik as an independent

director on the company’s board of directors. In December 2021, OYO onboarded
former State Bank of India (SBI) Chairman Rajnish Kumar as its strategic group
advisor
PRODUCTS AND SERVICES

 OYO Rooms has a multi-brand approach. These include:

• OYO Townhouse, which is promoted as the neighbourhood hotel is in the
midscale segment targeted at millennial travellers.
• OYO Home, which OYO claims is India's maiden home management system that
offers private homes in different locations and are fully managed by OYO.
• OYO Vacation Homes, which identifies itself as the world's 3rd largest vacation
home brand with vacation rental management brands Belvilla, Danland, and
DanCenter, along with Germany-based Traum-Ferienwohnungen.
• SilverKey, caters to the needs of the corporate travellers undertaking business
trips for a short or long duration.
CONTINUE…

• Capital O offers hotel booking services.

• Palette, an upper-end leisure resorts category.
• Collection O offers booking and renting services to business travelers.
• OYO LIFE is targeted at long-term rentals.
• YO! HELP is a self-help tool that offers support for check-ins, check-outs, and
payments 
• Oyo 360 is a self onboarding tool to list your property on Oyo. This has been
built mainly to facilitate small hotels and home-owners for a fast track
onboarding process.
THANK YOU