Florida's Port Canaveral has announced plans to build a new cruise terminal to meet growing industry demand.
Oyo Plans to Add 250 Hotels in U.S. This Year
30.04.2024 - 10:59 / skift.com / Peden Doma Bhutia
India-based hotel aggregator and operator Oyo plans to increase its U.S. footprint by adding over 250 hotels in 2024. This would represent a 150% uptick compared to the previous year’s addition of 100 hotels.
Speaking at the Skift India Summit last month, Oyo Founder and Group CEO, Ritesh Agarwal, reflected on the company’s growth in U.S., noting that it had a little over 100 hotels, just two and a half years ago.
With a current count of 320 properties, this expansion marks a strategic move by the company to bolster its presence in the American market.
“The eventual objective is to ensure that every 1 in 10 hotels in the U.S. can proudly associate itself with the Oyo brand,” said Nikhil Heda, head of business development at Oyo U.S.
The expansion strategy will target both new and existing markets, including Miami, New York City, San Francisco, New Jersey, Las Vegas, Los Angeles, Manchester and Orlando, the company said.
However, in response to a query from Skift, Oyo clarified that its latest luxury brand offering, Sunday, is not slated for introduction in the U.S at this time. The expansion would include Oyo hotels.
Agarwal had earlier said that being its home market, India gives the company confidence to experiment and try newer things.
Since its U.S. debut in 2019, Oyo has steadily expanded its presence across more than 200 visits, with recent visits by Group CEO Agarwal to key locations like Florida, New Jersey, and New York.
Oyo will be debuting its properties in San Jose, Boston, Seattle and San Diego this year, it told Skift.
Reflecting on the pandemic-induced paradigm shift, Agarwal emphasized Oyo’s evolution from a conventional mid-scale hotel brand to a digital-first enterprise, adding tangible value for its hotel owners.
What Oyo discovered was that 70% of its hotels hadn’t previously tapped into online revenue streams. “They saw us as their online person. They said we can get all the online revenue increase if I partner with Oyo,” Agarwal said while speaking at Skift India Summit.
Oyo’s focus on digital demand generation and transitioning to a digital-first franchise model has emerged as a key differentiator, fueling its growth, according to Agarwal.
Gautam Swaroop, CEO of Oyo International, emphasized Oyo’s operational expertise in rapidly scaling its operations while delivering quality experiences for guests and driving financial results for partners.
Strong growth indicators in markets like Florida, Nevada, and California further bolster Oyo’s confidence in its expansion endeavors.
Oyo said it has witnessed above average growth in markets like Pennsylvania and New Mexico, where per room revenue improved by more than 25% in 2023. States such as Oregon and Washington have seen a jump in
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
14.05.2024 / 10:45
How Minor Hotels is Identifying Emerging Destinations
Expansion Plans and Market Strategy: Minor Hotels aims to open 50 hotels in India within the next 10 years, focusing on quality over quantity and emphasizing strategic partnerships and sustainable development. They plan to penetrate untapped markets, particularly in South India, and establish a significant presence in emerging destinations.
skift.com
13.05.2024 / 03:25
Akasa Air's Plan to Expand Beyond India
India’s newest airline, Akasa Air, made its international debut in Doha, Qatar in March — just 19 months after its launch.
forbes.com
10.05.2024 / 19:35
The New Hotels To Check Into In France This Summer
More travelers than ever will be heading to Paris this summer as the 2024 Olympics unfold. These new hotels across France are worth taking a diversion for.
forbes.com
08.05.2024 / 15:57
A Multi-Nation Visa Will Roll Out In The Middle East This Year
The head of Saudi Arabian tourism wants Taylor Swift to bring her tour to the Middle East. Of course he does; Swift’s Eras tour has a proven track record of boosting economies wherever it goes.
breakingtravelnews.com
08.05.2024 / 08:09
Tourism projected to account for 12% of UAE GDP this year
Gulf-wide collaboration, ease of inter-regional travel and infrastructure development were placed under the microscope at Arabian Travel Market (ATM) 2024, which saw a selection of policymakers discuss the streamlining of the GCC’s thriving tourism industry. The 31st edition of ATM is being hosted at Dubai World Travel Centre (DWTC) until Thursday 9 May.
travelpulse.com
07.05.2024 / 18:50
Tauck Unveils Plans for 2025
Tauck will have a busy year in 2025, with several new itineraries set to make their debut. The line is also boosting its capacity on the Seine River and unveiling the new Tauck River Academy for travel advisors.
forbes.com
07.05.2024 / 13:17
Celebrate The Massachusetts Dining Scene At This Year’s Nantucket Wine & Food Festival
Rife with pristine beaches and sprawling sand dunes, Nantucket has served as one of the Bay State’s foremost tourist destinations for well over a century—and to sweeten the deal, this scenic island also comes complete with a thriving food scene for visitors to enjoy. Seafood reigns supreme around the island, with no shortage of classic Massachusetts dishes up for grabs spanning from lobster rolls to New England clam chowder, while high-end wines can be encountered all throughout the island’s many restaurants. Yet for those who want to experience the region’s prowess at both drinking and dining in one fell swoop, there’s no better event than the annual Nantucket Wine & Food Festival.
nytimes.com
07.05.2024 / 11:21
In Paris and Beyond, 6 Sumptuous European Hotels
If you’re planning to attend the Paris Olympics and see a bit of Europe this summer, you have a variety of plush new hotels from which to choose (though they’re likely to fill up quickly). Whether you’re going to the Games or simply going on vacation, you’ll find fresh boutique properties in Paris and many more that are an easy flight away, be it to the French Riviera, Rome, or fittingly, an island in Greece, the birthplace of the ancient games.
skift.com
03.05.2024 / 14:47
What IHCL's 4th Hotel in Varanasi Says About India's Religious Tourism Boom
Indian Hotels Company (IHCL) announced the signing of a fourth hotel in Varanasi, a 101-key Ginger hotel. It currently has two Taj Hotels and a SeleQtions hotel (as part of the Tree of Life conversion) in Varanasi, a city with deep cultural and religious significance.
skift.com
02.05.2024 / 15:43
Minor Hotels' India Roadmap: From 1 to 50 Properties in 10 Years
Thailand-based hotel company, Minor Hotels, has set ambitious targets for its India expansion, aiming to open 50 properties over the next decade.
insider.com
02.05.2024 / 12:11
An airline startup with plans to fly A380s between London and New York made its first transatlantic flight
Global Airlines completed its first transatlantic flight with an Airbus A380 on Wednesday.