MADRID—Oyo Hotels & Homes has added more than 100 hotels to its chain in Spain in the past year.
Since its arrival in Spain earlier in January this year, the company already has more than 100 hotels with 2,000 rooms as a part of its chain. As a result, approximately 300,000 guests have stayed in an Oyo hotel in Spain 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.
“Spain is one of the most relevant tourist destinations internationally, accommodating 82 million tourists from around the world in the last year,” said Kavikrut, chief growth officer, Oyo Hotels & Homes. “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. In 2020, the company will continue to move towards good and sustainable growth with further improvement in customer service, fair margins and partner experience.”
Backed by a strong local team of more than 50 “Oyopreneurs” and seamless execution, the company has been growing its footprint in the country while proving its strong commitment towards adding value to Spain’s hospitality industry.
“This is one of the most dynamic hospitality markets in the world,” said Tobias Jörk, Country Manager, Spain, Oyo Hotels. “We want to become the trusted partner of independent hotels across the country with more than 100 hotels. 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.”
For more on Oyo, check out our 10 to Watch interview with Ritesh Agarwal, CEO/founder of the company.