Oyo Rooms

Oyo Hotels and Homes Pvt. Ltd.
OYO Rooms
OYO Hotels and Homes
Company typePrivate
IndustryHospitality
Founded2012; 12 years ago (2012)[1]
FounderRitesh Agarwal
HeadquartersGurgaon, Haryana, India[2][3]
Area served
Asia, Europe and Americas
Key people
Ritesh Agarwal, Founder and Group CEO
RevenueDecrease ₹5,388 crore (US$650 million) (FY24)[4]
Increase ₹877 crore (US$110 million) (FY24)[4]
Increase ₹229 crore (US$27 million) (FY24)[4]
Total assetsIncrease ₹8,751 crore (US$1.0 billion) (2021)
Owners
Number of employees
1,330 (2023)[6]
SubsidiariesMotel 6
Websiteoyorooms.com
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Part of a series on
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OYO Rooms (stylised as OYO), also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces.[7][8][9] Founded in 2012 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels.[1] As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.[10]

  1. ^ a b "Online short-stay accommodation venture Oravel raises funds". The Economic Times. 15 October 2012. Retrieved 25 April 2022.
  2. ^ Kaushik, Manu (18 February 2020). "Mystery of the Oyo Rooms". Business Today. Retrieved 23 January 2024.
  3. ^ "OYO". LinkedIn. 13 February 2022. Retrieved 23 January 2024.
  4. ^ a b c "Oyo posts first-ever annual profit of Rs 229 crore in FY24, eyes expansion". Business Standard. 14 August 2024. Retrieved 22 August 2024.
  5. ^ Keshavdev, V. (11 October 2021). "Ritesh Agarwal's ownership cost highest among Oyo investors". Fortune India. Retrieved 10 March 2024.
  6. ^ "Employees, ex-staff of IPO-bound OYO buy around 3 crore shares". Mint. 3 January 2022. Retrieved 25 April 2022.
  7. ^ Sahay, Priyanka (10 July 2019). "With 8.5 lakh rooms, Oyo claims third spot globally". Moneycontrol. Retrieved 25 April 2022.
  8. ^ Soni, Sandeep (7 April 2019). "How OYO became India's 3rd best company to work for in just 6 years". Financial Express. Retrieved 25 April 2022.
  9. ^ Gooptu, Biswarup (22 May 2019). "Oyo Hotels: Have become the second-largest hotel group in China: Oyo". The Economic Times. Retrieved 25 April 2022.
  10. ^ Kaushik, Manu (8 March 2020). "Mystery of the Oyo Rooms". Business Today. Retrieved 25 April 2022.