OYO To Support 1st-Gen Hoteliers To Facilitate 1000 Hotel Expansion

OYO has announced that it will add more than 1000 hotels as part of the Accelerator Program by December 2023. It also plans to add more than 100 first-generation hoteliers operating these hotels across India.

Elaborating on announcement, Anuj Tejpal, Chief Merchant Officer, OYO said “Since the unveiling of our Accelerator Program, we have been actively engaging with our hotel partners to gather their insights, concerns, and suggestions. Their enthusiasm and willingness to embrace expansion of their hotel portfolio have reinforced our belief that we are on the right path to achieving our goals.”

Ganesh K, Director, G Silver Hotels, Chennai expressed his satisfaction with the program and said “The Accelerator Program has helped us resolve operational issues quickly as we get a daily report on customer feedback etc. Additionally, it has also increased the occupancy in our hotels since the properties are now visible to a larger universe of guests”.

Deepak Rana, Owner of DSR Hospitality Service in NOIDA added “The Accelerator program has enabled us to achieve swift growth, unlock the full potential of our properties and thrive in today’s highly competitive hospitality landscape. We have leveraged OYO’s advanced revenue management tools and techniques to ensure optimal pricing, maximise occupancy rates, and drive revenue growth”.

OYO is also offering financial assistance to facilitate expansion in new markets and has already extended support worth Rs 10 crore. OYO has already added more than 300 hotels operated by 30 hoteliers since the announcement of the plan.