what is oyo

OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. It was founded in 2012 by Ritesh Agarwal and initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries, including India, Malaysia, the UAE, Nepal, China, and the United States. OYOs business model has changed over time, but it currently focuses on partnering with hotels, leasing some rooms, and selling them under its own brand. The company provides full-stack technology to empower entrepreneurs and small businesses with hotels and homes. OYO's mission is to provide quality services to its customers and maintain its brand image by making its partners provide services at predetermined standards.