OYO eyes over 180,000 keys by 2018
OYO will be expanding its portfolio in the Indian hospitality sector by partnering with hotels and real estate assets with large inventory portfolio consisting of 100+ rooms under its franchisee and management contracts. OYO has already partnered with 12 such hotels and is managing them across markets including Delhi, Goa, Bengaluru, Tirupati, Hyderabad, Noida, Vrindavan, and Patna.
Commenting on the milestone, Maninder Gulati, Chief Strategy Officer, OYO, said, “In the past year, we’ve on-boarded with hotels ranging from 100-200 rooms each as well as hotels having over 80 rooms. With similar additions in the coming months, we’ll continue to expand our large hotel portfolio. We are upbeat about our India story and plan to go deeper into our existing markets while adding 50+ cities to the network and capturing a 5% share of India’s hotel market by 2018-end.”