OYO Hotels & Homes expects to open its 50th hotel in the UK by the end of April 2019.
Since launching in the UK October 2018, OYO has opened 30 hotels across the UK - including properties in London, Birmingham, Manchester, Blackpool and Edinburgh.
The business, which is backed by investors including Softbank, Airbnb, Sequoia and Lightspeed, plans to invest ?40 million in the UK in 2019.
The hotel group works with independent hotels to improve their performance and enhance the customer experience. Through its proprietary technology, revenue management capabilities and operational expertise, OYO seeks to improve financial returns for hotel owners. Additionally, the brand works with owners to transform the property itself, often co-investing to improve infrastructure, standards and the look and feel of the hotel. The company works with all types of hotel - business, tourist, metropolitan, rural, large or small.
The properties are available to book via online travel agencies including Booking.com and Expedia as well as through the OYO app.
Founded in India in 2013 by 25-year-old entrepreneur Ritesh Agarwal, OYO is now a hotel chain with a network of over 18,000 franchised and leased hotels across 500 cities and 10 countries, including India and China.
Jeremy Sanders, head of hotel group's UK division, said: ?We are extremely excited to have launched in the UK, and are very encouraged by our progress so far. We are delighted to have already partnered with so many amazing independent hotel owners from across the country, and look forward to working with many more. This is the most sophisticated hospitality market in the world - there is a lot of competitive pressure, but also a lot of opportunity for the right offering that is well executed. A combination of our technology, investment and hotel expertise empowers independent hotel owners to take that opportunity and thrive.?
