OYO

OYO Rooms, founded by Ritesh Agarwal, is a hospitality company that focuses on providing affordable and stylish accommodations. The company operates in the budget hotel segment, targeting travelers who seek quality stays without breaking the bank. OYO's business model involves revamping old and worn-down properties, injecting them with a modern aesthetic and essential amenities such as crisp sheets, sanitized bathrooms, and premium Wi-Fi. This transformation process not only enhances the guest experience but also revitalizes neighborhoods and streets. OYO makes money by partnering with property owners, offering them a platform to list their properties, and taking a commission on bookings. The company serves a diverse clientele, including business travelers, tourists, and families, primarily in the budget and mid-range market segments. OYO's unique selling proposition lies in its ability to provide consistent quality and comfort at unbeatable prices, making it a preferred choice for cost-conscious travelers.

Keywords: budget hotels, affordable stays, modern amenities, property transformation, guest experience, business travelers, tourists, mid-range market, consistent quality, cost-conscious.