OYO preparing to debut in the U.S.

Published on : Wednesday, February 6, 2019

The Indian hospitality brand sets foot in Dallas and is testing a property in Austin, Texas. OYO has claimed significant gains in India and other markets, including China, Malaysia, Nepal, and Indonesia (this year).

 

 

 

OYO is hiring for a human resources director, a talent acquisition director, and several other managers and sales people in Dallas. It has hired for general managers of properties in Austin. It intends to add hundreds of hotels in ‘dozens of states’ this year. OYO is hiring in Atlanta, Myrtle Beach, South Carolina, Columbus, Ohio, Miami, and elsewhere. There will be franchised budget hotels soon in the developed market of the U.S.

 

 

 

The occupancy rate of a small budget hotel in India increased from around 25 per cent to about 65 per cent within a month after joining, as per the company. In September, OYO plans to enter the UK market – opening properties in ten cities by the end of 2019.

 

 

 

For hotels, the return is based on two multipliers, price, and occupancy. The lower price needs to be supported by multiplied occupancy.

 

 

 

OYO focuses on the budget market, pinpointing real estate assets that could be far more profitable if run as budget hotels than in how they’re currently being used at their locations.

 

 

Related Posts

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 seatradecruis 2019
  • 20 uzakrota Istanbul 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 DRT SHOW India 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. SAHIC

      September 16 - September 17
    2. THE HOTEL SHOW DUBAI

      September 17 - September 19
    3. THE LEISURE SHOW

      September 17 - September 19
    4. TAAPE

      September 19 - September 21
    5. IITM Delhi

      September 20 - September 22
Get our toolbar!
Review www.travelandtourworld.com on alexa.com