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Taking Hospitality To Greater Heights
The Franchising World
|May 2019
Ritesh Agarwal highlights how the company is enabling franchise owners increase their earnings 16 times on an average – a strategy supported by technological platforms.
Could you highlight your company’s achievements over the last 2-3 years?
OYO Hotels and Homes has become South Asia’s largest, China’s top four, and the world’s fastest-growing chain of leased and franchised hotels, homes and living spaces’ brand. Since our launch in 2013, OYO Hotels has been offering standardised hospitality experiences at affordable prices. We are currently present in 500+ cities across 10 countries including India, China, Malaysia, Nepal, the UK, the UAE, Indonesia, Philippines, Saudi Arabia and Japan. We are hosting guests from around the world in over 18,000 franchised and leased hotels and 515,000+ exclusive rooms, adding over 64,000 rooms every month, globally. In the last five years, we have observed 4.3 times year-on-year growth with realised value runrate of USD 1.8 billion, annualised.
How are you enabling franchise owners grow their business?
We have invested in four key competencies to enable our franchise growth:
This story is from the May 2019 edition of The Franchising World.
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