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OYO launches OYO Home to unlock second homes in holiday destinations

Saturday, November 11, 2017, 10:00 Hrs  [IST]
HBI Staff | Mumbai

OYO recently launched the OYO Home to build affordable living spaces for travellers. OYO Home is a Home Management service that utilises the company’s existing on-ground operations, hospitality technology, housekeeping skills, revenue management algorithms and distribution for the convenience of the second home-owners. 

It is already managing over 300 private homes including villas, apartments, bungalows and farmhouses in five cities. 

Commenting on the launch, Kavikrut, Chief Growth Officer, OYO, said “At OYO, we are focused on solving the problem of lack of quality and supply-demand imbalance in the hospitality sector. India’s top holiday destinations have a sizeable number of homes that are locked and unutilised. Homeowners are unable to put these assets to personal or commercial use due to lack of time and-or expertise in homestay-management. We saw this as an untapped opportunity where our business has existing synergies - we have people resources all across India, our hospitality-operations and distribution technology is best in the category, travellers trust our brand and we are already known for pioneering effective solutions tailored to local-market needs.”

 
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