Since announcing its foray into the US market back in June, OYO has already made a mark in over 60 cities, almost quadrupling its portfolio in just a few months.
OYO Rooms, also known as OYO Hotels and Homes, is India’s largest, world’s 3rd largest by room count and fastest-growing chain of leased and franchised hotels, homes and living spaces. It is owned by Oravel Stays Private Limited and is based in Gurgaon, Haryana, India backed by the SoftBank Group, Greenoaks Capital, Sequoia Capital, and Lightspeed India.
OYO currently present in more than 800 cities in over 80 countries, including the United States, China, Europe, Britain, India, Malaysia, Middle East, Indonesia, Philippines, and Japan.
To start its US expansion, OYO had committed USD 300 million in the country. Today, the new-age hospitality company is opening one or more buildings per day, creating more than 4,000 jobs.
With 112 OYO hotels open in July in more than 21 states and 60 cities, including Dallas, Houston, Los Angeles, Seattle, Atlanta and Miami, OYO’s founder and CEO Ritesh Agarwal said OYO will continue to drive growth across the US while delivering quality customer service.
Agarwal commented: “We are excited with our rapid growth and early success in the US — our newest home-market. The US is a key home-market for us given the huge potential. While we continue to transform buildings across the country, we want to stay true to our philosophy that everyone, every day should be #LivingTheGoodLife. We do this by offering good quality ‘value-chic’ accommodations, with great ratings at unique price points.”