In a brief period of 12 months, OYO Hotels & Homes has crossed 100 hotels milestones in Spain with 2000 rooms. After offering quality living spaces to travellers across India, China, US, UK, Southeast Asia and Japan, the group has now brought to Spain its innovative value proposition.
Since its arrival in the country earlier in January this year, the company already has over 100 hotels with 2,000 rooms as a part of its chain. With around 300K customers in 2019, the company currently operates hotels in cities such as Madrid, Granada, Valencia, San Sebastián, Córdoba, Tarragona, Cuenca, Las Palmas de Gran Canaria, Santiago de Compostela and Salamanca.
Talking about the Spanish market, Kavikrut, Chief Growth Officer at OYO Hotels & Homes said, “Spain presents itself as a great opportunity for OYO and we are delighted to be able to offer an affordable, uncomplicated and quality experience and to leverage the business of the country’s independent hotel sector with our technology and operational expertise, which will help improve the customer experience and therefore generate higher revenues for our real estate partners.” Understanding the local nuances and backed by a seasoned workforce, they are now witnessing a strong growth trajectory and working towards maintaining this momentum while delivering a high-quality experience to guests and increased yields for asset owners.
Tobias Jörk, Country Manager of Spain at OYO Hotels said: “We are confident that our bespoke technology and operational expertise bring real value to both hotel owners and clients. The team and I are very happy to work in such a potential market.”
In October 2019, OYO Hotels & Homes had announced that they will invest €300 million to expand its vacation home rental business in Europe.
