OYO Hotels & Homes today announces that it has increased its presence in the UK to over 100 hotels across 25 major cities and towns. OYO Hotels & Homes launched in the UK less than a year ago and has more than tripled its UK portfolio in the last three months.
Since launching in the UK in October 2018 with a commitment to invest £40 million in the region, OYO has rapidly built a team of over 275 across business development, operations, transformation, marketing and other functions. OYO’s UK team is led by Jeremy Sanders, entrepreneur and co-founder of the restaurant chain, Coco di Mama. Jeremy has overseen the opening of seven offices in the strategic hubs of London, Edinburgh, Glasgow, Manchester, Birmingham, Bristol and Portsmouth.
Jeremy Sanders, Head of OYO UK, said: “With the summer holidays in full swing, we are delighted to now have a portfolio of 100 diverse hotels in some of the best city centre, seaside and rural locations across the country. Our rapid growth shows there’s a real appetite from hotel owners and customers alike for good quality, affordable hotels with a local touch – and we look forward to adding value to more independent hotel owners as we continue to invest and expand into new areas of the UK.
“Six months ago, OYO had a team of 25 and just five hotels in London. Today, we have a team of 275 dedicated OYOpreneurs. They are the people who are driving our success and helping independent hotels across the country to thrive.”
Since being founded in India six years ago by 25-year-old entrepreneur Ritesh Agarwal, OYO Hotels & Homes has expanded its presence to nearly 23,000 OYO-branded hotels representing 850,000+ rooms across 800+ cities. OYO’s fast-paced growth is backed by a strong balance sheet and fuelled by the company’s success in Asia and continued global expansion. OYO’s strong growth, improved margins and improvements in customer experience recently led to the signing of a $2 billion primary and secondary management investment round, spearheaded by Ritesh Agarwal, with support from institutional banks and financial partners.