Presentation oyo rooms
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Oyo Rooms is a hotel aggregator that standardizes quality and pricing across its network. It books rooms in advance from hotels and organizes them under the Oyo brand. The business has grown rapidly since 2013 and now works with over 6,500 hotels across India. Oyo also has mobile apps to help employees promote rooms and allow hotel owners to view bookings and earnings.
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Entrepreneurship Management
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.
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 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' 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 Business Model
The Business Model of OYO ROOMS. The conventional way of business occurring in the hospitality industry, problems faced by the consumers. The type of business model used by OYO ROOMS and their REVENUE MODEL.
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 Marketing Strategies
Something I presented in college during my Post Graduate Diploma.
Kindly leave your comment/feedback for the scope of improvement
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.
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Entrepreneurship Management
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.
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 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' 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 Business Model
The Business Model of OYO ROOMS. The conventional way of business occurring in the hospitality industry, problems faced by the consumers. The type of business model used by OYO ROOMS and their REVENUE MODEL.
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 Marketing Strategies
Something I presented in college during my Post Graduate Diploma.
Kindly leave your comment/feedback for the scope of improvement
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 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 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.
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 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.
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 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 rooms ppt
Oyo Rooms is an Indian hotel chain founded in 2013 that aggregates and standardizes quality budget hotels across India and other countries using a business model similar to Uber. It partners with hotel owners to book a portion of rooms under the Oyo brand name, ensuring standardized services and facilities. Customers book rooms through the Oyo website and app, while hotel owners use the Oyo Owner app to manage their inventory and payments. Over 6,500 hotels and 220+ cities are part of the Oyo network as of 2016.
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.
Rise of Oyo Rooms
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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 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.
Oyo rooms
Introduction and Business Model of India affordable hotel room startup, OYO Rooms, founded by Ritesh Agarawal.
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.
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.
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.
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 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.
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.
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.
Entrepreneur case study oyo
Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes. At age 17, he traveled across India and stayed in over 100 budget hotels, realizing a need for affordable, good quality options. This inspired him to launch OYO in 2013. As a college dropout pursuing entrepreneurship, Ritesh first launched Oravel Travels, modeling it after Airbnb, before rebranding as OYO Rooms to address broader issues in budget hotels. OYO has since grown into a leading global hotel chain through an asset-light model, a focus on customer experience, technology, acquisitions and feedback-driven improvements.
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its all about the success story of Ritesh Agarwal who is the owner of the oyo rooms. It include the skills which are essential for the successful entrepreneurship
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The contains information about the oyo hotels from its history to its its current performance in the market. Its SWOT analysis
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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 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.
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 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.
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 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 rooms ppt
Oyo Rooms is an Indian hotel chain founded in 2013 that aggregates and standardizes quality budget hotels across India and other countries using a business model similar to Uber. It partners with hotel owners to book a portion of rooms under the Oyo brand name, ensuring standardized services and facilities. Customers book rooms through the Oyo website and app, while hotel owners use the Oyo Owner app to manage their inventory and payments. Over 6,500 hotels and 220+ cities are part of the Oyo network as of 2016.
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.
Rise of Oyo Rooms
Introduction of Oyo Rooms, Competitor analysis, Challenges & responsibility, Achievements of Oyo Rooms, Analysis report
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 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.
Oyo rooms
Introduction and Business Model of India affordable hotel room startup, OYO Rooms, founded by Ritesh Agarawal.
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.
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.
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.
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 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.
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.
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.
Entrepreneur case study oyo
Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes. At age 17, he traveled across India and stayed in over 100 budget hotels, realizing a need for affordable, good quality options. This inspired him to launch OYO in 2013. As a college dropout pursuing entrepreneurship, Ritesh first launched Oravel Travels, modeling it after Airbnb, before rebranding as OYO Rooms to address broader issues in budget hotels. OYO has since grown into a leading global hotel chain through an asset-light model, a focus on customer experience, technology, acquisitions and feedback-driven improvements.
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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.
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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.
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Ritesh Agarwal is an Indian entrepreneur and founder of OYO Rooms, which offers budget accommodation across India. He started OYO Rooms in 2013 with one hotel in Gurgaon and has since expanded to over 70,000 rooms in 8,500 hotels across 230 Indian towns. Rohit Bansal and Kunal Bahl are Indian entrepreneurs who founded Snapdeal, an e-commerce platform started in 2010 as a daily deals site but now an online marketplace with over 30 million products from 1,25,000 brands across India. Both OYO Rooms and Snapdeal have seen significant growth under the leadership of their young founders.
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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.
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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.
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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.
Toxic culture at oyo
Oyo's rapid growth led it to engage in unhealthy practices that fostered a toxic culture. Employees felt pressure to add unlicensed and unavailable hotels with fake photos to meet targets. Some hotels also alleged that Oyo withheld payments and charged unexpected fees. The toxic culture demoralized employees and harmed Oyo's integrity and business relationships. The founder now needs to address these issues and reform policies and incentives to build a more positive culture.
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In this presentation you will get to know all about the 5 YOUNG ENTREPRENEURS. Who started the own Company at a very young age and are known and successful business person.
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This presentation summarizes 5 young entrepreneurs and their successful start-ups:
Ritesh Agrawal founded OYO Rooms, India's largest branded hotel network, transforming budget accommodation across India. Bhavish Aggarwal co-founded Ola Cabs, making booking a cab easy through their app. Ashish Kashyap founded Ibibo Group, one of India's top online travel aggregators. Chitra Gurnani Daga co-founded Thrillophilia, an activities and tours company focused on building value for customers and employees. Shradha Sharma founded YourStory Media to champion and promote India's entrepreneurial ecosystem through stories of over 15,000 entrepreneurs.
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The document is a project report submitted by Abhishek Mallick for his Bachelor of Business Administration degree. It discusses his internship with OYO Rooms working on lead generation and enterprise partnerships. The report includes an introduction to OYO Rooms, the objectives and methodology of his project, observations and analysis from his work, key findings, and recommendations. It also includes declarations, certificates, acknowledgements and references sections.
oyostory-191013190305.pptx
OYO Rooms is India's largest and fastest growing branded network of budget hotels that provides standardized quality and services. Founded in 2013 by Ritesh Aggarwal, OYO operates over 143,000 rooms across India in over 180 cities. OYO aims to revitalize old and worn properties by renovating them and providing consistent services under the OYO brand. It has partnerships with over 5,000 brands and a client base of over 16,000 corporations. OYO is now the largest player in the Indian hospitality market and continues its international expansion with a presence of over 271,000 rooms across 265 cities in China.
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.
Toxic culture at OYO
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.
Neighbourhoods invite hotel room aggregators
The room aggregator, which opened its first property here, is also looking to roll out its 'Townhouse' brand in the Himalayan nation, which of late is witnessing a tourist influx.
Commenting on the launch, Ritesh Agarwal, Founder and CEO of OYO, said:
“Building the category (of small and budget hotels) grounds-up, we have employed technology and operational acumen to deliver delight to our customers and unparalleled benefits to partners. Our network has witnessed robust growth to become the largest in India.”
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.
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Presentation oyo rooms
- 2. INTRODUCTION • Ritesh Agarwal is the founder & CEO of OYO. • OYO started with one city and one hotel in gurgaon in January 2013. • Named India’s largest budget hotel in gurgaon in January 2013. • It has also launched in Malaysia • The company as of october 2016 has around 6500 hotels in 220+ cities of india.
- 3. BUSINESS MODEL OF OYO ROOMS • Oyo rooms business model is a hotel aggregator model. The service are brought by users under the name of oyo rooms.just like uber,Oyo provides rooms with standarized quality and price. • Oyo rooms provide visitors with quality hotel rooms stays at different places around india. • Books a part of hotel’s inventory beforehand, • Organizes those hotel rooms under their brand name-oyo rooms.
- 9. OYO MITR APP • There is special mobile application called OYO MITR APP which is given access to employees,trainees,and interns for promoting the oyo rooms. • The people who have access to this app have to book room on the behalf of other people and share the other transaction details with their team head and also with the customer.
- 11. OYO OWNER APP • View your sales and bookings. See how much and when you’ll paid by oyo. • Check your earnings and payment on the go. • Easily run sales and edit your avaible inventories.
- 13. THANKYOU