- Saturday, April 20, 2024
By: Radhakrishna N S
INDIAN business, OYO Hotels & Homes, today (7) said that it has increased its presence in the UK to over 100 hotels across 25 major cities and towns, including London, Manchester, Edinburgh, Glasgow, Blackpool, and Torquay.
The business founded by 25-year-old Indian entrepreneur Ritesh Agarwal, entered into the UK less than a year ago, has more than tripled its UK portfolio in the last three months.
Since launching in the UK in October 2018 with a commitment to invest £40 million in the region, OYO has rapidly built a team of over 275 experts as part of its business strategy.
OYO’s UK team is led by Jeremy Sanders, entrepreneur and co-founder of the restaurant chain, Coco di Mama.
Sanders, head of OYO UK, said: “Six months ago, OYO had a team of 25 and just five hotels in London. Today, we have a team of 275 dedicated OYOpreneurs. They are the people who are driving our success and helping independent hotels across the country to thrive.”
The UK was OYO’s first destination outside of Asia and in June 2019, the company announced its entry into the USA, with 50 hotels across 10 states.
Globally, the hospitality business has created over 300,000 direct and indirect job opportunities across India, China, the US, the UK and beyond.
The recent acquisition of @Leisure has also further helped the company strengthen its footprint in Europe.
Since being founded in India, OYO Hotels & Homes has expanded its presence to nearly 23,000 OYO-branded hotels representing over 850,000 rooms across more than 800 cities around the globe.
OYO helps small and midsized independent hotels improve their performance whilst also enhancing the customer experience.
Through its proprietary technology, revenue management capabilities and operational expertise, OYO seeks to improve financial returns for hotel owners whilst ensuring guests have a great experience during each and every stay.
It also invests with owners to transform the property itself, improving the infrastructure and the look and feel of the hotel.
