Oyo Hotels & Homes Clocks 4.3X y-o-y growth globally

458,000 rooms globally as at December 2018, with Realised Value run-rate of $ 1.8 billion, OYO is globally adding more rooms than the world’s top three hotel chains combined

OYO Hotels & Homes is creating a market leading position globally, all set to surpass incumbents

New Delhi, February 8, 2019: OYO Hotels and Homes, South Asia’s largest, one of China’s top five, and the world’s fastest-growing chain of leased and franchised hotels, homes & spaces, shared details of its financial performance as of December 2018. Globally, with 458K rooms as at December 2018, with Realised Value run-rate of $1.8B, OYO is all set to be the world’s largest hotel chain. OYO continues to add more rooms than the top 3 Hotel chains combined. The company has seen 4.3X Y-O-Y growth globally. OYO has also seen global stayed room nights (Annualised based on December run-rate) increase from 6m in December 2016 to 13m in December 2017 to a whopping 75m (99m based on December 2018 peak) in December 2018 (with the growth of 5.7x on Y-o-Y basis).

The revenue growth has been driven by strong underlying business drivers notably increase in exclusive room supply, 5.7 times increase in stayed room nights and consistent increase in commission incomes. Partnering with OYO significantly improves the quality of standalone hotels and the occupancy from 25% to 65% on an average, thereby increasing yield on underutilized assets for asset owners.

“We have had a great 2018. Globally we have reached 458,000+ fully controlled leased and franchised keys (rooms) with a realized value run rate of $1.8B as at December 2018 representing a 4.3x Y-O-Y growth. OYO continues to invest in technology and to build long term capabilities while getting on-board, the top talent in the country.