Oyo rooms
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Introduction and Business Model of India affordable hotel room startup, OYO Rooms, founded by Ritesh Agarawal.
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Oyo rooms
Ritesh Agarwal is the founder and CEO of OYO, a hotel chain that began in 2013 with one hotel in Gurgaon. OYO has since expanded to over 15,000 hotels across 250 Indian cities and Malaysia, making it India's largest budget hotel chain. Ritesh started OYO at age 17 after realizing the lack of standardization in budget accommodations while traveling. He pivoted his first company Oravel to focus on offering affordable and standardized hotel rooms under the brand OYO Rooms.
Oyo corporate ppt
Rama Raju provides an overview of OYO and its product lines for corporate customers. Key points include:
- OYO was founded in 2013 and has expanded internationally, now operating in over 337 cities across 10 countries.
- Product lines include OYO Townhouse, Silver Key, Capital O, Edition O, Events, Living/Life, and Homes.
- OYO offers a corporate booking solution called OYO B to simplify business travel with savings, time-saving features, and transparency.
- The presentation discusses OYO's business models, amenities, pricing ranges for different product lines, and services available to corporate customers like dedicated account managers and a corporate login portal.
Oyo Business Models
OYO is an Indian hotel chain that follows an aggregator business model. It partners with budget hotels and standardizes their quality and pricing. OYO now has over 8500 hotels and 50,000 rooms across India and other countries. The company was founded in 2013 by Ritesh Agarwal and has raised $2.4 billion in capital. OYO collects commissions by aggregating hotel information on its website and mobile apps, where customers can book rooms.
Oyo rooms
OYO Rooms is an Indian hotel brand that aggregates standardized hotel rooms. It was founded in 2013 by Ritesh Agarwal and allows customers to book rooms starting at 999 INR using their app. As of 2016, OYO had over 7,500 hotels across 220 Indian cities and has expanded to Malaysia. The company aims to provide consistent quality, cleanliness, and amenities at affordable prices using technology to connect all parts of their business.
OYO PPT
OYO Rooms is a hotel chain headquartered in Gurgaon, India that operates hotels, homes, and workspaces in Asia, Europe, and America. It has over 23,000 properties across 800 cities in 18 countries. OYO utilizes various marketing strategies like promotions on social media and partnerships with other companies to increase brand awareness and offerings like discounted prices, loyalty programs, and customer feedback systems to improve customer experience. The document provides details on OYO's business model and 7P's of marketing including products, price, place, promotion, people, processes, and physical evidence.
Oyo
Ritesh Agarwal is the 21-year-old founder and owner of Oyo Rooms, which he started in 2012 after dropping out of college at age 17. Oyo Rooms is India's largest branded hotel network with over 4,500 hotels across 174 cities. It provides affordable, standardized hotel rooms through its app-based booking platform. Ritesh has received several awards for his success in building Oyo Rooms from a single hotel in 2013 to India's largest hotel brand today. The company has raised over $125 million in funding from investors like Lightspeed Venture Partners and Softbank to continue its rapid nationwide expansion.
Oyo
Oyo is an Indian hotel chain founded in 2013 by Ritesh Agarwal that currently has over 8500 hotels across 230 cities. It follows a business model where it signs on hotel owners, gets the hotels upgraded to its specifications for linen, toiletries and fittings, equips them with staff training and supplies, and lists them on its website in exchange for a typical 25% commission paid by hotel owners. In 2019, Soft Bank and other investors invested 630 crore in Oyo to continue investing in technology and talent to take their affordable, standardized, and technology-driven model global.
Oyo' story
OYO Rooms is India's largest and fastest growing branded network of budget hotels that provides standardized quality and room service. Founded in 2013 by Ritesh Aggarwal, OYO operates hotels, homes, townhouses, and other accommodations in over 180 Indian cities and internationally. OYO aims to revitalize worn properties and provide consistent, affordable accommodation options to travelers through partnerships with over 5000 brands and 16,000 corporates.
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Oyo rooms
Ritesh Agarwal is the founder and CEO of OYO, a hotel chain that began in 2013 with one hotel in Gurgaon. OYO has since expanded to over 15,000 hotels across 250 Indian cities and Malaysia, making it India's largest budget hotel chain. Ritesh started OYO at age 17 after realizing the lack of standardization in budget accommodations while traveling. He pivoted his first company Oravel to focus on offering affordable and standardized hotel rooms under the brand OYO Rooms.
Oyo corporate ppt
Rama Raju provides an overview of OYO and its product lines for corporate customers. Key points include:
- OYO was founded in 2013 and has expanded internationally, now operating in over 337 cities across 10 countries.
- Product lines include OYO Townhouse, Silver Key, Capital O, Edition O, Events, Living/Life, and Homes.
- OYO offers a corporate booking solution called OYO B to simplify business travel with savings, time-saving features, and transparency.
- The presentation discusses OYO's business models, amenities, pricing ranges for different product lines, and services available to corporate customers like dedicated account managers and a corporate login portal.
Oyo Business Models
OYO is an Indian hotel chain that follows an aggregator business model. It partners with budget hotels and standardizes their quality and pricing. OYO now has over 8500 hotels and 50,000 rooms across India and other countries. The company was founded in 2013 by Ritesh Agarwal and has raised $2.4 billion in capital. OYO collects commissions by aggregating hotel information on its website and mobile apps, where customers can book rooms.
Oyo rooms
OYO Rooms is an Indian hotel brand that aggregates standardized hotel rooms. It was founded in 2013 by Ritesh Agarwal and allows customers to book rooms starting at 999 INR using their app. As of 2016, OYO had over 7,500 hotels across 220 Indian cities and has expanded to Malaysia. The company aims to provide consistent quality, cleanliness, and amenities at affordable prices using technology to connect all parts of their business.
OYO PPT
OYO Rooms is a hotel chain headquartered in Gurgaon, India that operates hotels, homes, and workspaces in Asia, Europe, and America. It has over 23,000 properties across 800 cities in 18 countries. OYO utilizes various marketing strategies like promotions on social media and partnerships with other companies to increase brand awareness and offerings like discounted prices, loyalty programs, and customer feedback systems to improve customer experience. The document provides details on OYO's business model and 7P's of marketing including products, price, place, promotion, people, processes, and physical evidence.
Oyo
Ritesh Agarwal is the 21-year-old founder and owner of Oyo Rooms, which he started in 2012 after dropping out of college at age 17. Oyo Rooms is India's largest branded hotel network with over 4,500 hotels across 174 cities. It provides affordable, standardized hotel rooms through its app-based booking platform. Ritesh has received several awards for his success in building Oyo Rooms from a single hotel in 2013 to India's largest hotel brand today. The company has raised over $125 million in funding from investors like Lightspeed Venture Partners and Softbank to continue its rapid nationwide expansion.
Oyo
Oyo is an Indian hotel chain founded in 2013 by Ritesh Agarwal that currently has over 8500 hotels across 230 cities. It follows a business model where it signs on hotel owners, gets the hotels upgraded to its specifications for linen, toiletries and fittings, equips them with staff training and supplies, and lists them on its website in exchange for a typical 25% commission paid by hotel owners. In 2019, Soft Bank and other investors invested 630 crore in Oyo to continue investing in technology and talent to take their affordable, standardized, and technology-driven model global.
Oyo' story
OYO Rooms is India's largest and fastest growing branded network of budget hotels that provides standardized quality and room service. Founded in 2013 by Ritesh Aggarwal, OYO operates hotels, homes, townhouses, and other accommodations in over 180 Indian cities and internationally. OYO aims to revitalize worn properties and provide consistent, affordable accommodation options to travelers through partnerships with over 5000 brands and 16,000 corporates.
Oyo rooms
OYO Rooms is India's largest branded hotel network founded in 2012 by Ritesh Agarwal. It operates budget hotels in over 100 Indian cities through its app-based booking platform. OYO standardizes amenities in partner hotels like WiFi, TVs, linens, and toiletries and audits regularly to ensure quality. It began with one hotel in 2013 and has grown to over 2,000 partner hotels and 20,000 rooms by 2015, expanding to new cities. OYO reaches out to hotels to partner and also audits them to determine changes needed to meet its standards before listing.
Oyoslide
This presentation was given during the AGBA conference IIT Delhi.It talks about OYO business strategy ,Oyo latest developments till 2019 and oyo different ventures - Including Oyo home,Oyo life,Oyo designing with MIT etc
OYO Live Project - Workflow & Guidelines
Workflow & Training Guidelines for Students working on OYO's Live Project - Managed by OysterConnect.com
Success story of Ritesh Aggrwal
Ritesh Agarwal is the founder and CEO of OYO Rooms, one of India's fastest growing hotel chains. He was raised in a middle-class family and dropped out of college to start his own company. Inspired by his travels across India experiencing different budget accommodations, he launched Oravel Stays in 2012 which he later transformed into OYO Rooms. Starting with just one hotel in 2013, OYO Rooms has expanded to over 23,000 hotels across 800 cities worldwide and is now valued at $10 billion, making it one of the most successful internet startups in India.
Marketing strategy For OYO Rooms
OYO Rooms is an Indian hotel brand that owns and operates standardized hotel rooms across India and Malaysia. It has grown rapidly since starting in 2013 with one hotel, and now has over 25,000 hotels in over 250 cities. OYO focuses on mass and digital marketing through social media campaigns and partnerships to acquire customers and retain its position as India's largest branded hotel network.
Oyo rooms
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest hotel chain. He started coding at age 8 and launched his first company, Oravel Stays, in 2012 to provide budget accommodations when he was just 17 years old. Recognizing a need for standardized options, he transformed Oravel into OYO Rooms in 2013. OYO Rooms has grown to operate in over 160 Indian cities with a valuation of 360 crore. Ritesh has received several awards for his entrepreneurial success at a young age, including being named one of the hottest teenage startup founders in the world.
Journey of OYO's CEO : Ritesh Agarwal
This presentation is about the founder and CEO of OYO, Ritesh Agarwal. He is an inspiration for young generations especially in India who aspire to be successful entrepreneurs.
Oyoroom
Ritesh Agarwal is the 22-year-old founder and CEO of OYO Rooms, which is now India's largest hotel chain with over 20,000 hotels. He started Oravel Stays in 2012 at age 17 to address the lack of standardized budget accommodations in India, and transformed it into OYO Rooms in 2013. OYO Rooms has since received over $850 million in funding and offers affordable, consistent accommodations in over 160 Indian cities. Ritesh is considered one of the youngest and most successful entrepreneurs in India due to his innovative problem-solving approach and strong work ethic.
OYO strategy in the Hospitality industry
OYO is a fast growing hotel chain that aims to be the largest by 2023 through a disruptive growth strategy of targeting fragmented budget markets. It renovates hotels to its standards and sells their inventory under its brand name. OYO uses technology like mobile apps and software to optimize prices, occupancy, and audits. It has grown through strategic acquisitions and expanding to new markets by establishing local teams and customizing its approach. Recommendations include focusing on quality services while expanding, increasing market share in destinations, and addressing concerns of predatory pricing.
Oyo cce1
Ritesh Agarwal is the founder and CEO of OYO Rooms, which he started in 2013. He launched Oravel Stays in 2012 to address issues with budget hotels during his travels. Realizing the problems went beyond availability, he pivoted to launching OYO to standardize services across budget hotels. OYO now has over 65,000 rooms across more than 200 Indian cities and Malaysia. Ritesh was just 23 when he started OYO and has received several awards for his success in building India's largest branded hotel chain.
Ritesh Agarwal-CEO of OYO rooms
This ppt contains The life story of Ritesh agarwal , the Indian Entrepreneur who is founder of OYO rooms and has current net worth of 360 Cr and is world's 2nd youngest billionaire in 2020
Oyo rooms
Ritesh Agarwal dropped out of college at age 17 in 2012 to start Oyo Rooms. Oyo Rooms began as Oravel Stays in 2012, offering budget accommodations through listings and bookings, but Agarwal realized this did not meet travelers' needs. In 2013, he transformed it into Oyo Rooms to offer affordable and standardized hotels. Oyo Rooms has since grown to be India's largest branded hotel chain with over 4,500 hotels across 160+ cities. It aims to become the world's largest branded hotel network by standardizing service and prices across hotels.
A study on B2B Oyo rooms
Oyo Rooms is India's largest hotel chain with over 9,000 hotels across 230+ cities. It was founded by Ritesh Agarwal in 2013 and has since expanded internationally. Oyo partners with budget hotels, standardizes them under the Oyo brand, and handles bookings through their app and website. They generate revenue by blocking a portion of partner hotel rooms and reselling them to customers.
Oyo Rooms
1. The document discusses how technology alone did not disrupt industries like hotels, but rather issues like limited availability and poor customer service led to disruption.
2. It argues that OYO is not solely responsible for disrupting hotels, and that limitations from hotels as well as pricing options allowed room for disruption.
3. Good customer experiences and being customer-centric are important to prevent disruption, as not focusing on customers poses the biggest threat to businesses.
Oyo case study
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest branded budget hotel chain. He started OYO in 2013 at the age of 17 to address the need for affordable accommodations in India. Beginning as a platform for budget rentals, OYO transformed into a standardized hotel chain offering affordable stays. OYO now operates in over 160 cities with over 1 million app downloads and 1 billion bookings. Ritesh's early success with OYO led him to receive several prestigious awards recognizing his accomplishments as a young entrepreneur.
Oyo
This report presentation provides complete marketing model of the next unicorn startup by Ritesh Aggarwal.
Ranging from variety of product's explanation it analyse the marketing mix of OYO rooms.
Oyo ppt
Ritesh Agarwal started Oyo shortly after launching Orval and faced financial problems. He participated in entrepreneurship events in Delhi and was selected along with 10 others, becoming the first Indian selected. He received $100,000 in funding. Oyo then expanded internationally, launching in countries like Malaysia, Nepal, Dubai, and the UK. The document outlines Oyo's strategies of being asset-light by leasing hotels and investing minimally to standardize them, taking full responsibility for customer experience, focusing on predictability through data collection, and using technology for speed and scale like a mobile app.
Case study of OYO ROOMS
I won IBSAF(ICFAI Alumni Federation) Award 2018 after doing hard work during internship and learning from OYO Rooms. I solely give my respect and affection for building that potential and making me understand about the working model of hospitality sector.
Oyo rooms: Business, Strategy and Competition
The presentation will take you through the hospitality business in India and how OYO positioned itself in a unique way. The business plan and communication strategy used is analysed to decode its success formula.
Oyo strategy
This is the presentation on OYO Generic Strategy, which is helpful to understand how the strategy will play an important role in the corporate world, and strategy is treated as an umbrella of the whole business model.
OYO Rooms Term Report
Oyo Rooms began as an idea by Ritesh Agarwal to improve standards in India's hotel industry. He started by making improvements to small hotels. This grew into Oyo becoming India's largest hotel network with over 4,500 hotels under its brand. Oyo used technology like its app and machine learning to streamline the booking process and attract more customers. It launched various initiatives like rooms for unmarried couples and women-only hotels. After establishing itself in India, Oyo raised more funding to expand internationally.
Oyo rooms (Marketing strategy)
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest hotel chain. He started Oravel Stays in 2012 at age 17 to book budget accommodations, before rebranding as OYO Rooms in 2013 to offer affordable, standardized hotels. OYO now has operations in over 160 Indian cities and a valuation of $360 million, transforming through strategic partnerships with hotel owners.
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Oyo rooms
OYO Rooms is India's largest branded hotel network founded in 2012 by Ritesh Agarwal. It operates budget hotels in over 100 Indian cities through its app-based booking platform. OYO standardizes amenities in partner hotels like WiFi, TVs, linens, and toiletries and audits regularly to ensure quality. It began with one hotel in 2013 and has grown to over 2,000 partner hotels and 20,000 rooms by 2015, expanding to new cities. OYO reaches out to hotels to partner and also audits them to determine changes needed to meet its standards before listing.
Oyoslide
This presentation was given during the AGBA conference IIT Delhi.It talks about OYO business strategy ,Oyo latest developments till 2019 and oyo different ventures - Including Oyo home,Oyo life,Oyo designing with MIT etc
OYO Live Project - Workflow & Guidelines
Workflow & Training Guidelines for Students working on OYO's Live Project - Managed by OysterConnect.com
Success story of Ritesh Aggrwal
Ritesh Agarwal is the founder and CEO of OYO Rooms, one of India's fastest growing hotel chains. He was raised in a middle-class family and dropped out of college to start his own company. Inspired by his travels across India experiencing different budget accommodations, he launched Oravel Stays in 2012 which he later transformed into OYO Rooms. Starting with just one hotel in 2013, OYO Rooms has expanded to over 23,000 hotels across 800 cities worldwide and is now valued at $10 billion, making it one of the most successful internet startups in India.
Marketing strategy For OYO Rooms
OYO Rooms is an Indian hotel brand that owns and operates standardized hotel rooms across India and Malaysia. It has grown rapidly since starting in 2013 with one hotel, and now has over 25,000 hotels in over 250 cities. OYO focuses on mass and digital marketing through social media campaigns and partnerships to acquire customers and retain its position as India's largest branded hotel network.
Oyo rooms
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest hotel chain. He started coding at age 8 and launched his first company, Oravel Stays, in 2012 to provide budget accommodations when he was just 17 years old. Recognizing a need for standardized options, he transformed Oravel into OYO Rooms in 2013. OYO Rooms has grown to operate in over 160 Indian cities with a valuation of 360 crore. Ritesh has received several awards for his entrepreneurial success at a young age, including being named one of the hottest teenage startup founders in the world.
Journey of OYO's CEO : Ritesh Agarwal
This presentation is about the founder and CEO of OYO, Ritesh Agarwal. He is an inspiration for young generations especially in India who aspire to be successful entrepreneurs.
Oyoroom
Ritesh Agarwal is the 22-year-old founder and CEO of OYO Rooms, which is now India's largest hotel chain with over 20,000 hotels. He started Oravel Stays in 2012 at age 17 to address the lack of standardized budget accommodations in India, and transformed it into OYO Rooms in 2013. OYO Rooms has since received over $850 million in funding and offers affordable, consistent accommodations in over 160 Indian cities. Ritesh is considered one of the youngest and most successful entrepreneurs in India due to his innovative problem-solving approach and strong work ethic.
OYO strategy in the Hospitality industry
OYO is a fast growing hotel chain that aims to be the largest by 2023 through a disruptive growth strategy of targeting fragmented budget markets. It renovates hotels to its standards and sells their inventory under its brand name. OYO uses technology like mobile apps and software to optimize prices, occupancy, and audits. It has grown through strategic acquisitions and expanding to new markets by establishing local teams and customizing its approach. Recommendations include focusing on quality services while expanding, increasing market share in destinations, and addressing concerns of predatory pricing.
Oyo cce1
Ritesh Agarwal is the founder and CEO of OYO Rooms, which he started in 2013. He launched Oravel Stays in 2012 to address issues with budget hotels during his travels. Realizing the problems went beyond availability, he pivoted to launching OYO to standardize services across budget hotels. OYO now has over 65,000 rooms across more than 200 Indian cities and Malaysia. Ritesh was just 23 when he started OYO and has received several awards for his success in building India's largest branded hotel chain.
Ritesh Agarwal-CEO of OYO rooms
This ppt contains The life story of Ritesh agarwal , the Indian Entrepreneur who is founder of OYO rooms and has current net worth of 360 Cr and is world's 2nd youngest billionaire in 2020
Oyo rooms
Ritesh Agarwal dropped out of college at age 17 in 2012 to start Oyo Rooms. Oyo Rooms began as Oravel Stays in 2012, offering budget accommodations through listings and bookings, but Agarwal realized this did not meet travelers' needs. In 2013, he transformed it into Oyo Rooms to offer affordable and standardized hotels. Oyo Rooms has since grown to be India's largest branded hotel chain with over 4,500 hotels across 160+ cities. It aims to become the world's largest branded hotel network by standardizing service and prices across hotels.
A study on B2B Oyo rooms
Oyo Rooms is India's largest hotel chain with over 9,000 hotels across 230+ cities. It was founded by Ritesh Agarwal in 2013 and has since expanded internationally. Oyo partners with budget hotels, standardizes them under the Oyo brand, and handles bookings through their app and website. They generate revenue by blocking a portion of partner hotel rooms and reselling them to customers.
Oyo Rooms
1. The document discusses how technology alone did not disrupt industries like hotels, but rather issues like limited availability and poor customer service led to disruption.
2. It argues that OYO is not solely responsible for disrupting hotels, and that limitations from hotels as well as pricing options allowed room for disruption.
3. Good customer experiences and being customer-centric are important to prevent disruption, as not focusing on customers poses the biggest threat to businesses.
Oyo case study
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest branded budget hotel chain. He started OYO in 2013 at the age of 17 to address the need for affordable accommodations in India. Beginning as a platform for budget rentals, OYO transformed into a standardized hotel chain offering affordable stays. OYO now operates in over 160 cities with over 1 million app downloads and 1 billion bookings. Ritesh's early success with OYO led him to receive several prestigious awards recognizing his accomplishments as a young entrepreneur.
Oyo
This report presentation provides complete marketing model of the next unicorn startup by Ritesh Aggarwal.
Ranging from variety of product's explanation it analyse the marketing mix of OYO rooms.
Oyo ppt
Ritesh Agarwal started Oyo shortly after launching Orval and faced financial problems. He participated in entrepreneurship events in Delhi and was selected along with 10 others, becoming the first Indian selected. He received $100,000 in funding. Oyo then expanded internationally, launching in countries like Malaysia, Nepal, Dubai, and the UK. The document outlines Oyo's strategies of being asset-light by leasing hotels and investing minimally to standardize them, taking full responsibility for customer experience, focusing on predictability through data collection, and using technology for speed and scale like a mobile app.
Case study of OYO ROOMS
I won IBSAF(ICFAI Alumni Federation) Award 2018 after doing hard work during internship and learning from OYO Rooms. I solely give my respect and affection for building that potential and making me understand about the working model of hospitality sector.
Oyo rooms: Business, Strategy and Competition
The presentation will take you through the hospitality business in India and how OYO positioned itself in a unique way. The business plan and communication strategy used is analysed to decode its success formula.
Oyo strategy
This is the presentation on OYO Generic Strategy, which is helpful to understand how the strategy will play an important role in the corporate world, and strategy is treated as an umbrella of the whole business model.
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Oyo Rooms began as an idea by Ritesh Agarwal to improve standards in India's hotel industry. He started by making improvements to small hotels. This grew into Oyo becoming India's largest hotel network with over 4,500 hotels under its brand. Oyo used technology like its app and machine learning to streamline the booking process and attract more customers. It launched various initiatives like rooms for unmarried couples and women-only hotels. After establishing itself in India, Oyo raised more funding to expand internationally.
Oyo rooms (Marketing strategy)
Ritesh Agarwal is the founder and CEO of OYO Rooms, India's largest hotel chain. He started Oravel Stays in 2012 at age 17 to book budget accommodations, before rebranding as OYO Rooms in 2013 to offer affordable, standardized hotels. OYO now has operations in over 160 Indian cities and a valuation of $360 million, transforming through strategic partnerships with hotel owners.
Oyo rooms buisness model by Sagar Adak
This case study examines OYO Rooms, India's largest branded hospitality network founded by Ritesh Agarwal at age 18. Some key points:
- OYO operates in over 800 cities across India, China, Malaysia, and Dubai, with over 40,000 hotel rooms.
- The company has raised over $1.8 billion in funding from investors like Softbank.
- OYO partners with hotel owners to upgrade properties and lists them on its platform, taking a franchise fee. This model allows affordable accommodation while benefiting both hotels and customers.
- Moving forward, OYO aims to expand internationally while improving customer service and addressing reviews around proper location information and 24-hour room
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Oyo Rooms is a large Indian hotel chain that operates leased and franchised hotels globally. It began as mainly budget hotels in India but has since expanded significantly. The document discusses Oyo's rapid growth, becoming a unicorn after raising $800 million, and now having over 330,000 rooms in 500 cities worldwide. However, it also describes toxic practices in Oyo's culture in India like listing unavailable hotels, charging extra fees, and withholding payments from hotels. Current and former employees report pressure to add rooms without proper facilities and surprise inspections. While investors continue funding expansion, addressing these cultural issues will help Oyo become more sustainable.
OYO Hotels and ROOM .pptx
The contains information about the oyo hotels from its history to its its current performance in the market. Its SWOT analysis
oyo INFO
Ritesh Agarwal founded OYO Rooms in 2013 to address the lack of affordable and standardized accommodations in India. He started his first company, Oravel Stays, in 2012 which he later transformed into OYO Rooms. OYO Rooms partners with hotel owners to renovate properties and maintain quality standards, booking some rooms in bulk and renting them to customers at lower prices than competitors. This allows both hotel owners and customers to benefit. OYO Rooms has grown rapidly across India and aims to become the largest hotel chain globally by 2023 through continued expansion.
Success journey of Oyo Rooms
A PPT showing the growth of a entrepreneur, from a single room booking to becoming INDIA's largest Budget hotel room inventory holder, larger then TATA group.How A graduation dropout became the largest intangible hotel providing high quality service at lowest price.
Ritesh agrawal
Ritesh Agarwal started his entrepreneurial journey by selling SIM cards in his hometown in India. He was inspired to launch Oravel Stays in 2012 after experiencing budget accommodations during his travels across India while in college. Oravel Stays was later pivoted to OYO Rooms, a branded network of hotels. OYO Rooms has received funding from investors like Greenoaks Capital, Venture Nursery, and SoftBank and is estimated to have a pre-investment valuation of 600 crores. Ritesh was selected for the Thiel Fellowship in 2013, making him the only Indian to receive the fellowship which provides $100,000 and mentorship. SoftBank later confirmed OYO's acquisition of Z
Oyo - Greiner growth model
OYO Rooms is the world's fastest growing hotel chain that was started in 2013 in India. It has expanded to over 800 cities in 43,000+ exclusive hotels and 1.2 million exclusive rooms globally. OYO provides affordable accommodation options like OYO Townhouse, OYO Silverkey, and OYO Home. It has grown rapidly through acquisitions and funding, becoming a unicorn, but now faces challenges including addressing issues with hotel partners and cost-cutting due to COVID-19 losses.
Oyo
Ritesh Agarwal is an Indian entrepreneur who dropped out of college after three days to pursue his entrepreneurial dreams. He started his first company, Oravel Stays, at age 17 after discovering issues with budget hotels while traveling across India. This later became OYO Rooms, which standardizes and improves budget hotels. OYO Rooms has grown rapidly under Agarwal's leadership to include over 6,500 hotels across 220+ cities in several countries. Agarwal has received many accolades for his success with OYO Rooms at a young age.
Swot analysis of oyo rooms
Oyo Rooms has several strengths including standardized rooms and services, a growing network of properties, an innovative founding concept, and affordable prices subsidized by Oyo. However, weaknesses include not owning properties and relying on a co-branding strategy, inconsistent service quality, and tight profit margins. Opportunities for growth include increasing demand for hotel aggregators, a focus on budget accommodations, and more business travelers. Threats include rising competition from other online travel sites and potential safety issues beyond Oyo's control.
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Ritesh Agarwal founded OYO Rooms in 2013 at age 17 to provide affordable, reliable accommodations. OYO Rooms operates in over 100 Indian cities using an asset-light model where it partners with hotels to standardize and list rooms on its app. The company focuses on budget hotels, uses technology to optimize the customer experience, and has experienced exponential growth in bookings. OYO Rooms aims to transform the hospitality industry and provide standardized rooms at affordable prices across India.
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Oyo is India's largest branded hotel network. It has expanded rapidly in the past 2.5 years to over 30,000 rooms across 150 cities. Oyo aims to standardize the hotel experience for customers with amenities like TV, WiFi, breakfast and clean facilities. It leverages technology like mobile apps and tablets to manage bookings and properties. The presentation outlines Oyo's vision, growth, product range, partnerships with over 2700 organizations, management team and $125M raised from investors.
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Oyo is India's largest branded hotel network, with over 30,000 rooms across 150 cities. It aims to standardize the hotel experience for customers with amenities like AC, TV, spotless linen, free breakfast, and WiFi. Oyo transforms small hotels through training and providing amenities to create consistent quality. It uses technology like a booking portal and tablets to efficiently manage its large network. Oyo has experienced rapid growth since its founding in 2013 and raised $125 million from investors. It pitches partnering with its large network and customer base to hotel owners.
Ritesh Agarwal founder of OYO Rooms at 23 years
Ritesh Agarwal: The Visionary Entrepreneur Behind OYO RoomsIn the dynamic landscape of entrepreneurship, where innovation meets determination, Ritesh Agarwal stands as a beacon of inspiration. Born on November 16, 1993, in Bissam Cuttack, a small town in the eastern state of Odisha, India, Agarwal's journey from humble beginnings to the founder and CEO of OYO Rooms, one of the world's largest hospitality chains, is nothing short of extraordinary.Early Life and EducationAgarwal's entrepreneurial spirit was evident from an early age. Despite coming from a middle-class family, he displayed an innate curiosity and drive to create something impactful. His journey began when he enrolled in the Indian School of Business and Finance in New Delhi, where he pursued a degree in business administration.The Genesis of OYOWhile still a teenager, Agarwal embarked on a solo trip across India, staying in various budget accommodations. It was during this journey that he recognized the glaring gap in the hospitality industry: the lack of standardized, affordable, and reliable accommodations for budget travelers. Armed with this insight and fueled by his passion for entrepreneurship, Agarwal set out to revolutionize the hotel industry.In 2013, at the tender age of 19, Agarwal founded Oravel Stays, a platform that aimed to connect travelers with affordable and standardized accommodations. However, it wasn't until a pivot in business strategy that OYO Rooms was born. Agarwal transformed Oravel Stays into OYO Rooms, with a focus on offering budget hotels that adhered to standardized quality norms.The OYO PhenomenonUnder Agarwal's visionary leadership, OYO Rooms rapidly expanded its presence across India. Leveraging technology and data analytics, Agarwal ensured that each OYO property met stringent quality standards, offering travelers a consistent and reliable experience. This emphasis on quality control, coupled with aggressive pricing strategies, propelled OYO Rooms to meteoric success.OYO's business model struck a chord with both hotel owners and customers. For hotel owners, OYO offered a platform to increase occupancy rates and revenue, while customers benefited from affordable yet comfortable accommodations. This win-win proposition fueled OYO's growth trajectory, attracting investors and stakeholders alike.Challenges and TriumphsDespite its rapid growth, OYO faced its fair share of challenges along the way. Agarwal navigated through regulatory hurdles, operational complexities, and fierce competition to steer OYO towards success. His ability to adapt to changing market dynamics and his unwavering commitment to OYO's mission played pivotal roles in overcoming these obstacles.One of Agarwal's defining moments came in 2019 when OYO expanded its operations beyond India's borders, venturing into international markets such as China, the United States.
123.pptx
The document discusses a study conducted on customer satisfaction with services provided by OYO Rooms. It provides an overview of OYO Rooms as a branded hotel chain operating in multiple countries. The objectives and methodology of the study are described. Literature on factors influencing customer satisfaction in the hotel industry is reviewed. Key factors found to impact satisfaction include staff service quality, room quality, value, food and beverage management, transportation convenience, and consistency with expectations. The study aims to understand reasons for customer dissatisfaction with OYO properties and identify areas for improvement.
Ch 5 A Oyo Case Study.pdf
This document provides a case study on OYO Rooms, an Indian startup company that offers affordable hotel rooms. It discusses:
- The background and success of founder Ritesh Aggarwal in identifying an opportunity to standardize and brand India's budget hotel segment.
- How OYO Rooms partners with small hotels to improve quality and offer consistent amenities like WiFi and AC through their app-based platform.
- Their growth from 10,000 rooms in 70 cities to 12,000+ rooms, and plans to expand to 250 cities and 500,000 rooms with a $100 million investment.
- The competition they face from other startups and how the growing Indian economy and tourism sector supports
English presentation
The document discusses the growth of the Indian startup ecosystem, from 3,100 startups in 2014 to a projected 11,500 by 2020. It highlights the NASSCOM 10,000 Startups initiative, which aims to enable incubation, funding, and support for 10,000 startups over 10 years. Two successful Indian startups are described - OYO Rooms, founded by 21-year-old CEO Ritesh Agarwal, which is the largest network of branded hotels in India; and Alma Mater, co-founded by Varun Agarwal after dropping out of engineering school, which is now India's largest provider of merchandise to students.
ENTREPRENEURSHIP
Ritesh Agarwal is an Indian entrepreneur who founded OYO Rooms. At a young age, he was interested in programming and wrote a book about engineering colleges. He moved to Delhi for college but dropped out after 3 days to start his entrepreneurial venture. He realized the need for affordable and consistent quality hotels while traveling and started Oravel Stays, which became OYO Rooms. OYO Rooms provides affordable rooms with standard facilities across India and globally. The COVID-19 pandemic severely impacted OYO's business, but its gross margins returned to pre-COVID levels before the second wave in India. As an entrepreneur, Ritesh faced rejection from 80% of venture capitalists initially.
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→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
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Oyo rooms
- 1. By – Kinjal Maheshwari Diljit Singh Khalsa Assigned by – Dr. Tanvi Pathak Ma’am
- 2. Network of tech enabled branded budget hotels. Aggregator of these hotels, just like Ola is for cabs.
- 3. Age 21 Founder of OYO Rooms. Started at age 17. College dropout. First Indian to win Thiel Fellowship.
- 4. General Overview: • Started as Oravel Stays in 2011 • Headquarter in Gurgaon, Delhi. • India’s largest branded network of hotels. • Operates in 100+ cities. • Started with 1 property. • Currently associated with 2000+ properties.
- 6. Identifying. Making an appointment. Setting terms. Setting standards. Physical transformation. Auditing the fixes. Making it live on Oyo portal.
- 7. Currently booking 5 Lakh+ room nights every month. Hotels register 80-90% occupancy on an average. Cost of unoccupied rooms is indemnified by Oyo to the hotels.
- 8. Zo Rooms. Wudstay. FabHotels. Stayzilla. Room n House DayHalt.
- 9. 2012 : Got its first round of funding from Venture Nursery. 2014 : Another round of funding came from Lightspeed Ventures. 2015 : Raised INR 150 crore from Lightspeed, Sequoia and others. 2015 : Raised INR 650 crore from SoftBank.