OYO Rooms Meaning :-
OYO Rooms means On Your Own Rooms. OYO is India's largest hospitality company .
Founder :- Ritesh Agarwal
CEO :- Aditya Ghos
HEAD QUARTER :- Gurgaon ,Haryana ,India
REVENUE :-
On December 2018 the value of company was $1.8 Billion. The revenue model is basically commision based revenue model.OYO charges a commision of 22% from hotel owners .
BUSINESS MODEL :-
OYO Rooms is a mixture of aggregator and franchise Business Model .But the company generates its 90% revenue from hotels under the franchise busines model .
OYO used to lease hotel rooms,organise the hotel rooms under their brand name. The Busines Model of OYO is as like as UBER and OLA . We book taxi for some time on OLA or UBER . As like that OYO helps to book hotels any time at affordable cost. OYO Rooms bookings are made through the official website and application.
Basically OYO fulfils the needs of customers , which type of hotels where they want to stay. They improve the services, inventory and quality of rooms .
OYO gives following services ;-
(1) OYO ROOMS :- This is for normal customers .
(2) OYO Townhouse :- OYO Townhouse is to fulfill the needs of the millennial travellers . These hotels designed for millennials .
Smart rooms :- special beds,showers ,sockets and internet infrastructure . Also the TVs have Netflix pre installed.
Smart spaces :- spaces designed to have meetings , free printer , Business services , Magazines , coffee and tea in the common area .
Smart menus :- 24×7 kitchen which provides order via mobile application .
(3) Studio Stays :- OYO Rooms also provides fully furnished rooms and flats for long stays like internships , corporate stays . Rents are paid monthly . Commision is charged from owners .
(4) Event Stays :- There are many Family functions as like as weddings , birthday parties , other parties and corporate functions like meetings , seminars for guests to stay for long . OYO provides these services also .
(5) Commercial Spaces :- Customers can book office spaces on OYO Rooms also .
(6) OYO Wizard :- This is the subscription model of OYO as like as amazon prime , Youtube premium . On this model subscribers get exclusive deals, offers and cashbacks and discounts .
PAPERS N PARCELS | HOW A 13 YEAR SCHOOL BOY MADE A CRORE VALUE COMPANY ?
HOW OYO STARTED :-
OYO Rooms was founded on 2013 . The founder of OYO means Ritesh Agarwal was very passionate about travelling . He has travelled many places of India . At that time he experienced the problems with budget hotels . There were some hotels available at high price but their services and environment were not so good where as some other hotels give good services at low price . But to find such hotels was difficult task . So at the age of 17 he launched Oravel travells , which later become OYO Rooms .
Book a hotel on OYO :-
OYO Rooms means On Your Own Rooms. OYO is India's largest hospitality company .
Founder :- Ritesh Agarwal
CEO :- Aditya Ghos
HEAD QUARTER :- Gurgaon ,Haryana ,India
REVENUE :-
On December 2018 the value of company was $1.8 Billion. The revenue model is basically commision based revenue model.OYO charges a commision of 22% from hotel owners .
BUSINESS MODEL :-
OYO Rooms is a mixture of aggregator and franchise Business Model .But the company generates its 90% revenue from hotels under the franchise busines model .
OYO used to lease hotel rooms,organise the hotel rooms under their brand name. The Busines Model of OYO is as like as UBER and OLA . We book taxi for some time on OLA or UBER . As like that OYO helps to book hotels any time at affordable cost. OYO Rooms bookings are made through the official website and application.
Basically OYO fulfils the needs of customers , which type of hotels where they want to stay. They improve the services, inventory and quality of rooms .
OYO gives following services ;-
(1) OYO ROOMS :- This is for normal customers .
(2) OYO Townhouse :- OYO Townhouse is to fulfill the needs of the millennial travellers . These hotels designed for millennials .
Smart rooms :- special beds,showers ,sockets and internet infrastructure . Also the TVs have Netflix pre installed.
Smart spaces :- spaces designed to have meetings , free printer , Business services , Magazines , coffee and tea in the common area .
Smart menus :- 24×7 kitchen which provides order via mobile application .
(3) Studio Stays :- OYO Rooms also provides fully furnished rooms and flats for long stays like internships , corporate stays . Rents are paid monthly . Commision is charged from owners .
(4) Event Stays :- There are many Family functions as like as weddings , birthday parties , other parties and corporate functions like meetings , seminars for guests to stay for long . OYO provides these services also .
(5) Commercial Spaces :- Customers can book office spaces on OYO Rooms also .
(6) OYO Wizard :- This is the subscription model of OYO as like as amazon prime , Youtube premium . On this model subscribers get exclusive deals, offers and cashbacks and discounts .
PAPERS N PARCELS | HOW A 13 YEAR SCHOOL BOY MADE A CRORE VALUE COMPANY ?HOW OYO STARTED :-
OYO Rooms was founded on 2013 . The founder of OYO means Ritesh Agarwal was very passionate about travelling . He has travelled many places of India . At that time he experienced the problems with budget hotels . There were some hotels available at high price but their services and environment were not so good where as some other hotels give good services at low price . But to find such hotels was difficult task . So at the age of 17 he launched Oravel travells , which later become OYO Rooms .
Book a hotel on OYO :-
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