Curated News
By: NewsRamp Editorial Staff
May 01, 2024
OYO to Add 250+ Hotels in US in 2024, Expanding Footprint
TLDR
- OYO plans to add over 250 hotels in the US in 2024, aiming to outpace the budget hotel industry's per room revenue growth.
- OYO's US operations will focus on expanding its footprint by adding hotels in new and existing markets, with a strong presence in over 35 states.
- OYO's expansion in the US aims to provide affordable and trusted accommodation, improve revenue for hotel partners, and enhance guest experiences.
- OYO has partnered with Stripe to ease payment experience, and launched a virtual front desk solution for a hassle-free experience for guests and hotel owners.
Impact - Why it Matters
The expansion of OYO's US operations will provide more affordable and trusted accommodation options for customers across the country, while also generating significant revenue uplift for hotel partners. The partnership with Stripe and the launch of a virtual front desk solution will enhance the payment experience for customers and streamline operations for hotel owners, ultimately improving the overall guest experience.
Summary
OYO's US operations plan to add more than 250 hotels in the US in 2024, focusing on new and existing markets including Miami, New York City, San Francisco, and more. The company has demonstrated its ability to drive significant revenue uplift for hotel partners, outpacing the budget hotel industry’s per room revenue growth in 2023. OYO has also partnered with Stripe to ease the payment experience for customers and hotel owners in the US, and launched a virtual front desk solution for its partner hotels.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, OYO to Add 250+ Hotels in US in 2024, Expanding Footprint
