Continuing with its rapid extension drive, OYO Rooms has announced its expansion plans for Kolkata and Pune. OYO Rooms stated its year end goal for both the cities, the branded budget hotel chain aims to expand it’s network to 1,500 rooms in Kolkata and 2,500 rooms in Pune.
OYO Rooms started its operations in Kolkata this April and already offers over 200 rooms in 17 hotels. Similarly in Pune OYO Rooms started functioning in March and currently has 500 rooms in its inventory. OYO has partnered with properties spread across the metropolitan cities at major business and tourist-friendly locations.
OYO Rooms offers high-quality and standardised rooms at a price point between Rs. 999 and Rs.4,999. All OYO rooms are equipped with standardised amenities, including comfortable beds, air conditioning, TV, free and unlimited Wi-Fi, a clean and attached washroom and a complimentary breakfast service. The company has recently raised Rs. 150 crores (US$25 million) in venture capital funding and plans to use these funds to undertake a massive expansion in other cities of India.
Kavikrut, Head of Expansion, OYO Rooms said, “Kolkata and Pune are important markets for us. We anticipate a huge demand for high-quality accommodation among travellers to both the cities as they are business and education hubs. Expansion in the cities is a significant milestone for us as we strive to create a niche in the branded hotel segment offering convenience through technology, exactly what the tech-savvy travellers today understand and expect.”
