OYO is a global platform that brings affordable and trusted accommodations that guests can book instantly. OYO empowers entrepreneurs and small businesses with hotels and homes by providing full stack technology that increases earnings and eases operations. OYO Rooms, 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 operates 157k+ storefronts across 35+ countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan.

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News Highlights

Festo Introduces the Company's Most Compact Parallel, Angled, and Radial Grippers
Festo has launched a new generation of compact grippers, including the most compact parallel, angled, and radial grippers, designed for precision electronics and small part assembly. The new products offer advantages such as a smaller size, higher grip force, long service life, and improved precision.
Oyo Drops Brand Guidelines for Competitive Edge as It Expands in the U.S.
Oyo is relaxing its brand guidelines to improve its competitive edge as it expands in the U.S. The budget hotel company is now offering hotels the flexibility to avoid making significant renovations to match its stringent brand guidelines. Instead, Oyo is focusing on standardizing service-led components such as customer support and booking experience.
OYO back to expansion in UK, adds 40 hotels and doubles revenue in 2022
OYO Hotels & Homes has revealed a notable expansion in its UK operations, adding 40 hotels to its platform and doubling its revenue in 2022 compared to 2021. The company's network hotels also saw a 50% increase in revenue per available room (RevPar) versus 2021, and a 110% increase compared to 2020. OYO now operates over 150 small hotels in more than 65 cities in the UK. The company's UK operations have fully recovered since the Covid pandemic, demonstrating growth both in revenue and RevPar.
Updated on: May 21, 2024

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