Published on : Monday, April 22, 2019
OYO will upgrade its technology platform and build a partner network of hotel owners. It will help to extend the company’s reach and brand to a wider and deeper audience on the hotel owner side. In order to grow to the world’s largest hotel chain OYO is focusing on hotel owner or asset partners, promising them several new services. OYO is currently the sixth largest hotel chain.
OYO has launched a partner network for its 8,700+ asset owners. OYO has an app for travellers for bookings. It has an app for hotel owners to manage the bookings and also their business transactions. OYO has now upgraded the Co-OYO app to offer hotel owners financing help through its network of Indian banks, and the marketing support to boost their reach. It will help in compliance with regulations through access to top law and accounting firms and timely payments by assuring an interest of 18 per cent on delayed payments.
The hotel chain has also included technological solutions like OYO OS, a property management system.
OYO has 175,000+ rooms in India, whereas in China it has 322,000+ rooms. In the rest of the world put together, it is adding 60,000 rooms every month. In India, over 15 cities have 200 OYO hotels per city.
The network called OPEN – OYO Partner Engagement Network, was launched. Aditya Ghosh, CEO, India & South Asia, OYO hotels, said, “Today with the launch of OPEN, we are laying the foundations of a structured way of exchanging ideas, providing support and most importantly, building a relationship of trust on which we hope to build the next several decades to come.”