OYO maps out 12000 rooms target in Chennai by the end of

first_imgOYO has briskly expanded its presence in Chennai with a strong network of nearly 9000 rooms in 550 hotels since its launch in March 2015. In a little over three years since launch, OYO has spread across 7000 hotels in 200 cities.The OYO hotels of Chennai are located across major business and tourist-friendly locations in the city including Egmore, T Nagar, Pallavaram, Thiruvanmiyur and Anna Nagar. Chennai hotels such as Bell Hotel, Maaris Grand and Sai Bala Grand have witnessed a growth of over 75% in their average occupancy rate after partnering with OYO.Commenting on the business performance, Ritesh Agarwal, Founder & CEO, OYO, said, “We are elated with the response to our offerings in Chennai. The hotel market here has the potential to expand further. We are exploring partnerships with hotels that are willing to be transformed to OYO standards and come onto our platform.”Ritesh further highlighted that OYO has been at the forefront of modernising the small and budget hotels category in Tamil Nadu. “Since our launch in 2015, our network in Chennai has witnessed a robust growth and we are targeting to add 500 more hotels to it. Our aim is to create a perfect balance between location, comfort and pricing by using technology and talent to deliver affordable hotel accommodation.”Chennai makes up for nearly seven percent of the total room-inventory in OYO’s nation-wide network. It performs 10% better on average room-occupancy compared to the national average. In 2016, Chennai along with Goa was the highest-growing city for same-day and overall hotel bookings for OYO. Both these cities were also the top-contributors to hotel-booking via app.last_img read more

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