WORLD’S MOST INNOVATIVE COMPANIES 2018 INDIA RANK NO.10
Oyo
Oyo
India’s largest hospitality company is Oyo, an Airbnb-esque
network of properties that include free Wi-Fi, free breakfast, white linens,
and other hotel features for a fraction of the cost of a normal hotel. The
platform also includes on-demand booking and virtual check in and check out.
Oyo saw a gap in India’s budget hotel offerings and has since used tech to make
them a more viable option to tourists and visitors. So far, Oyo has partnered
with 8,500 hotels and 70,000 rooms in more than 230 cities, while closing major
funding rounds led by backer SoftBank. Oyo has also launched a higher-end brand
called Townhouse which is geared towards millennials with a goal of creating a
community hotspot, a cafe, and a merchandise store experience all in one.
https://www.fastcompany.com/company/oyo
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