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ORAVEL STAYS PVT. LTD

  • Area Req
    3000 Sq.ft
  • Investment Range
    Rs. 1 Cr. - 2 Cr
  • Franchise Outlets
    No Outlets
Business Details

Launched in 2013, OYO is India’s largest hospitality company. Its network currently spans over 230 Indian cities including all major metros, regional commercial hubs, leisure destinations, and key pilgrimage towns. It also has international presence with hotels in Malaysia and Nepal. The company’s vision is to become the most preferred and trusted hotel brand in the world.

 

OYO was founded by Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). He was featured in Forbes 30 under 30 in Consumer Tech (2016) for creating a global disruptor. OYO was recently chosen as India’s Most Promising Hotel Network (HolidayIQ Better Holiday Awards 2017) and has received several accolades including Government of India’s National Entrepreneurship Award (2017) in Hospitality category, Real Innovation Award (2017) by London Business School, Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Start-Ups in India (2016) and ranked by LinkedIn as one of the top employee attractors in India two years in a row (2016, 2017). OYO is backed by leading global investors, including the SoftBank Group, Lightspeed India, Sequoia Capital, Greenoaks Capital, Hero Enterprise and China Lodging Group.

 

OYO revolutionized the fragmented and legacy-driven budget hospitality space in India by enabling standardization of services, amenities and in-room experience. Through use of its proprietary apps for inventory-management, room-service, revenue-management and customer-relationship management, OYO has delivered predictable, affordable and available budget-room accommodation to millions of travelers in India.  A booking with OYO comes with the promise of hassle-free stays. The popular OYO app (> 10 MILLION downloads) enables guests to search and book rooms, request room-service (food and beverages), book a cab and also search nearby restaurants. OYO also offers a unique concierge-like assistance service through OYO Captains - the company’s local representatives at hotels who ensure on-ground support for hassle-free travelling and on-stay experience. Guest can avail their services by booking via call Centre, app or website.

 

Hotel-owners partnering with OYO see a significant increase in occupancy levels, get access to the world’s first tablet-based property management apps and become part of a brand recognized and loved by travelers nationwide.

 

 

In January 2017, OYO launched Townhouse - a managed hotel-brand designed to function as social hotspot to cater to city dwellers and a new generation of guests.https://www.youtube.com/watch?v=CVMQgODN9KI

Investment Details

Commenced Operations

Operations Commenced On2013

Franchising / Distribution Commenced On2018

Franchise Details
Units

Area3000

Investment Rs. 1 Cr. - 2 Cr

Franchise/Brand Fee - NA -

Royalty/Commission- NA -

Master / Multi Units

Region Wise

Investment - NA -

Unit Fee - NA -

Master Fee - NA -

Commission - NA -

State Wise

Investment - NA -

Unit/Brand Fee - NA -

Master/Brand Fee - NA -

Royalty/Commission - NA -

City Wise

Investment - NA -

Unit/Brand Fee - NA -

Master/Brand Fee - NA -

Royalty/Commission - NA -

Expansion Locations
North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttar Pradesh, Uttaranchal

South

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana

East

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal

West

Goa, Gujarat, Maharashtra, Rajasthan

Central

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh

Union Territories

- NA -

Franchise Details

Want to expandNationwide

Exclusive territorial rights to a unit franchise No

Performance guarantee to unit franchisee No

Anticipated percentage return on investment 40

Likely pay back period of capital for a unit franchise 1-2 Year

Other investment requirements Working Capital& Replacement Reserve

Property Details

Type of property required for this franchise opportunity Commercial

Floor area requirement 3000

Preferred location of unit franchise outlet All India -Chennai, Bangalore, Hyderabad, Mumbai, Pune, Goa, Ahmedabad, Delhi, Gurgaon, Noida, Kolkata, Guwahati, Kochi, Jaipur

Training Details

Detailed operating manuals for franchisees Yes

Franchisee training location Head Office

Is field assistance available for franchisee? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5-No of years Year

Is the term renewable? Yes

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