Oyo rooms essay

Ritesh Agarwal 21 year old owner of Oyo Rooms. Dropped out college in 2012 when he was 17 year old for his startup. 3. INTRODUCTION • Oyo room is indias largest branded network of hotels . • It operates more than 174 cities with 4500+ hotels in India. • First in class app based hotel booking. • Headquartered and operated by GURGAON HARYANA.

At the age of 17, he launched Oravel travels, modelled after Airbnb, which later branched out to become OYO rooms. Soon he discovered that the problem with budget hotels was bigger than just availability, so, to counter other issues, he launched OYO.

OYO has over 23,000 hotels, 8,50,000 rooms and 46,000 vacation homes across the globe. In the Oyo model, hotels are not owned, instead Oyo ties up with certain hotels and acquires a few rooms to be given to people who want to avail the services of OYO. It focuses on standardizing the hotels in the non-branded hospitality sector.

ORAVEL TO OYO ROOMS • Oravel Stays Pvt. Ltd was his first startup in the year 2012. Oravel was designed as a platform to enable listing and booking of budget and premium accommodations. • In simpler terms, it was meant to be destination for short and midterm rentals for bed and breakfast joints, private rooms and serviced apartments.