OYO adds 700 company serviced hotels in last one year
Most of these hotels have been onboarded under the company’s mid premium and upper budget brands such as Townhouse and Collection O catering to both business and leisure tourists, said a release.
OYO announced that its company serviced hotels business has recorded 250 percent growth within a year of its launch. OYO has added 700 company serviced hotels since their launch in September 2023 exceeding its target of 200 hotels. The rapid growth is due to positive feedback from the customers and hotel owners. Customers have liked a comfortable and consistent stay experience and assured stay after bookings, while the hotel owners appreciate the steady cash flow.
These hotels are spread across 124 cities in India. The south region has led the growth with more than 200 company serviced hotels, followed by north, central and east and west regions. Bengaluru, Hyderabad, Kolkata, Jaipur and Chennai are the top five cities with the maximum number of company serviced hotels. In addition to this, company serviced hotels footprint is constantly increasing across key pilgrim cities such as Varanasi, Haridwar, Puri and leisure destinations such as Jaipur, Goa, Kochi and Mysore.