OYO Hotels & Homes has announced plans to invest $300 million over the next few years in the US. The hospitality company currently offers living spaces throughout its 50+ OYO Hotels in 35 cities and 10 states, led by a strong team of more than 350 OYOpreneurs across 15 States.
OYO plans to partner, manage and open the doors to on an average one hotel building per day. The company has already generated over 1000 jobs. This growth will be driven by two brands - OYO Hotels & OYO Townhouse - that operate on the philosophy that everyone, every day should experience #LivingTheGoodLife.
OYO Hotels & Homes currently offers its service at popular cities across the United States, including Dallas, Houston, Augusta, Atlanta and Miami, and promises to soon expand its presence to cities like New York, Los Angeles and San Francisco.
â€śWe, at OYO, are thrilled to see our business grow in the U.S., our newest home market. We promise to bring new age hospitality experience at a price point you never imagined; select service hotels are finally going to be fun and beautiful,â€ť said Abhinav Sinha, COO, OYO Hotels & Homes, Global. â€śWe are in the largest country in the world when it comes to the hospitality industry and there is a definite need here for chic and comfortable hospitality experiences at prices never thought of before,â€ť he added.
OYO is integrating its technology to improve services and enrich travelersâ€™ and city dwellersâ€™ experiences.
OYO Hotels continues to bring its successful model of combining design, hospitality, and technological expertise, financial acumen and operational capabilities to real estate owners in the US. This is intended to give them the ability to get a higher return on investments, access easy financing opportunities, transform their hotels, and offer good quality customer service, thereby significantly increasing occupancy and profitability â€“ in every OYO building. The additional investment will be directed towards the companyâ€™s growth in the region, talent acquisition, competency building, and infrastructure development.
â€śWe started on the belief that everyone deserves a beautifully designed, chic and comfortable living space. And everyone deserves a better life. We knew we could change the way people live. We did that by upgrading bland, generic spaces and places and designing them with next-gen chic and design moxie and offering them at hard-to-ignore prices, in Europe and the U.S. That said, given that there was so much movement from traditional hotels to well-designed accommodations, we knew that our guests would appreciate #LivingTheGoodLife, no matter what the price point is. For them, it is never only about the price point, it is the entire package,â€ť said Ritesh Agarwal, Founder & CEO of OYO.