Industry Update
Press Release15 February 2021

OYO Hotels Expands Footprint Across US; Opens Doors to 10 New Hotels

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  • OYO enters 2021 with new hotels in Colorado, Georgia, Iowa, Mississippi, North Carolina, and Texas
  • Adds 10 new hotels as OYO continues to be the preferred choice of business travelers and families for affordable, clean, stylish hotels
  • Witness healthy recovery as RevPar reaches 130% (in Q4) of pre-COVID levels

OYO Hotels & Homes, the leading technology and revenue growth platform for owners and operators of hotels and homes, today announced that it opened doors to 10 new hotels in Colorado, Georgia, I owa, Mississippi, North Carolina, and Texas. Continuing its US recovery momentum, the company's RevPar reached over 130% of pre-COVID levels in Q4 2020 as it emerged as the preferred choice of accommodation for front-line travelers getting our economy moving again. Under the leadership of Kasra Moshkani, Head of OYO US, the company aims to continue delivering quality living spaces with 300+ hotel partners.

The newly launched hotels, as a part of the OYO family, will now run on OYO's proprietary technology, which includes CO-OYO, the OYO OS, and OYO app among other tech-based solutions. These tools are powered by benchmark industry data, analytics, revenue tools, and a dynamic pricing engine. This suite of products and technologies are designed to deliver higher occupancy and revenue for partners.

"We are delighted to expand OYO's footprint in the US by adding 10 hotels in key markets. I'm so proud to welcome new partners to the OYO family," sa id Kasra Moshkani, Head of OYO US. "The past few months have been unbelievably tough for the global hospitality industry, but we are now witnessing positive trends in the leisure and budget space. A recent traveler survey commissioned by AHLA suggested that 56% of Americans are likely to travel for leisure in 2021. OYO, along with our partners, stands ready to host new guests. OYO's technology will boost the performance of our partner's hotels through increased occupancy and revenue. We are deeply committed to continuing the momentum of OYO's recovery in the US while contributing to the hospitality industry at large."

All of the new OYO hotels will also benefit from its 'Scrubbed Clean' program, which ensures all of its hotels in the US comply with the US Centers for Disease Control and Prevention (CDC) guidelines related to health and safety for everyone involved. Its updated operation protocols include physical distancing, a minimal-touch check-in and check-out experience, and the highest quality stringent housekeeping services.

The impact of the pandemic on the hospitality industry is undeniable. OYO recognized the slowdown as an opportunity for improvement and went back to basics, focusing on core strengths: its proprietary pricing engine and distribution channels, its unique hotel operating system (OYO OS), partner tools, data science, and operational excellence. As a direct result of these efforts—coupled with travelers and essential frontline workers continuing to choose OYO—the company is witnessing a steady recovery in the US.

About OYO Hotels & Homes

OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology that increases earnings and eases operations; bringing easy to book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate hotel and home storefronts across India, Europe and Southeast Asia and 35+ countries.

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Dacyl Armendariz
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