- OYO Hotels & Homes has expanded its presence to over 100 hotels in more than 21 states in the United States.
- It is opening one or more buildings per day
- OYO is currently available in more than 800 cities in 80 countries
World’s third-largest and fastest-growing chain of hotels, homes, and living- OYO Hotels & Homes has expanded its presence to over 100 hotels in more than 21 states in the United States.
Recently, the firm partnered with Highgate Hospitality Investment and Management to open its first major flagship property OYO Hotel & Casino in Las Vegas, USA.
The SoftBank-backed company is successfully moving forward at an impressive rate, opening one or more buildings per day, creating more than 4,000 jobs. With 112 OYO hotels live in July in more than 21 states and 60 cities, including Dallas, Houston, Los Angeles, Seattle, Atlanta and Miami, OYO Founder and CEO Ritesh Agarwal has added OYO is set to drive growth across the US while delivering quality customer service.
We believe Las Vegas is an exciting city in which to invest as the market continues to evolve with projects such as the new Las Vegas Raiders NFL stadium and the $1 Bn expansion of the Las Vegas Convention Center. As we continue to focus on bringing to life our popular concept of ‘comfort design’ and delivering chic hospitality experiences, we are increasingly exploring new ways to connect with our customers, from millennial to young executives and families, in every city we enter,” said Abhinav Sinha, chief operating officer and OYO Hotels and Homes USA.
With over 23,000 hotels and 125,000 vacation homes, OYO is currently available in more than 800 cities in 80 countries, including the US, Europe, the UK, India, Malaysia, Middle East, Indonesia, Philippines, and Japan.
The hospitality unicorn has attracted some of the world’s leading investors, including SoftBank Vision Fund, Sequoia Capital, Airbnb, Greenoak Capital, and Hero Enterprises.
Oyo has been seen as a budget-and mid-segment hotel aggregator in India but now it has entered the four-star hotels’ segment in India with the recent purchase of a 64-suite building in Ahmedabad for an undisclosed amount. Oyo has also partnered with Gurugram-based hospitality firm Mountania Developers for the transaction to redesign the building into a premium hotel by the end of this year.
It seems Oyo wants to remove its tag as a budget- and mid-segment hotels in India. Now, it also wants to cater to business travelers. The company even plans to add more premium and upscale hotels.
With this, the Indian hospitality unicorn made its entry into the four-star hotel segment in India.