OYO is an Indian hospitality company that operates a network of hotels, vacation homes, and managed living spaces. Founded in 2013 by Ritesh Agarwal, OYO started as a budget hotel aggregator in the Indian market. It quickly gained popularity by offering standardized accommodation with predictable amenities at affordable prices.

Headquartered in Gurugram, India, OYO has global operations in more than 80 countries, including popular destinations like the United States, United Kingdom, China, and Southeast Asian countries. The company has expanded aggressively through partnerships, acquisitions, and franchising. OYO offers various products, including OYO Rooms, OYO Townhouse, OYO Homes, OYO Hotels & Resorts, and OYO Vacation Homes.

OYO has formed strategic partnerships and joint ventures with leading hospitality companies worldwide, such as SoftBank, Airbnb, Grab, and Meituan Dianping, to leverage their expertise and expand its reach. These collaborations have enabled OYO to enhance its offerings and access a wider customer base. In terms of market position, OYO has emerged as one of the leading hotel chains globally.

With a focus on the budget and mid-scale segment, OYO has disrupted the traditional hospitality industry by offering standardized quality at competitive rates. Its business model caters to both leisure and business travelers, enabling it to capture a significant market share. OYO faces competition from other budget hotel aggregators and traditional hotel chains, especially in popular tourist destinations.

Over the years, OYO has achieved several significant milestones. In 2019, it raised around $1. 5 billion in funding from investors like SoftBank, DiDi Chuxing, and Grab, increasing its valuation to $10 billion.

This funding helped OYO fuel its expansion plans and invest in technology and talent. Additionally, the company has focused on introducing innovative features and services to enhance the customer experience. As of the latest available information, OYO continues to expand its global presence and strengthen its market position.

The company has been relatively resilient amid the COVID-19 pandemic, with a focus on driving recovery in key markets. OYO has implemented hygiene protocols and safety measures across its properties to ensure the well-being of guests. In recent times, OYO has also ventured into new segments such as co-living spaces and long-term rentals to cater to evolving customer needs