Dallas, TX – February 12, 2021 – OYO Hotels & Homes, the leading technology and revenue growth platform for owners and operators of hotels and homes, today announced that it opened doors to 10 new hotels in Colorado, Georgia, Iowa, Mississippi, North Carolina, and Texas. Continuing its US recovery momentum, the company’s RevPar reached over 130% of pre-COVID levels in Q4 2020 as it emerged as the preferred choice of accommodation for front-line travelers getting our economy moving again. Under the leadership of Kasra Moshkani, Head of OYO US, the company aims to continue delivering quality living spaces with 300+ hotels and nearly 20,000 rooms.
The new hotels, as a part of the OYO family, will now run on OYO’s proprietary technology, with access to unsurpassed industry data, analytics, tools, and price algorithms, all of which are leveraged to deliver higher occupancy and revenue for partners and quality stays for guests.
“We are delighted to expand OYO’s footprint in the US by adding 10 hotels in key markets. I’m so proud to welcome new partners to the OYO family,” said Kasra Moshkani, Head of OYO US. “The past few months have been unbelievably tough for the global hospitality industry, but we are now witnessing positive trends in the leisure and budget space. A recent traveler survey commissioned by AHLA suggested that 56% of Americans are likely to travel for leisure in 2021. At OYO, we stand ready to host new guests. We will continue to use technology to boost the performance of our partner’s hotels through increased occupancy and revenue. We are deeply committed to continuing the momentum of OYO’s recovery in the US while contributing to the hospitality industry at large.”
All of the new OYO hotels will also benefit from its ‘Scrubbed Clean’ program, which ensures all of its hotels in the US comply with the US Centers for Disease Control and Prevention (CDC) guidelines related to health and safety for everyone involved. Its updated operation protocols include physical distancing, a minimal-touch check-in and check-out experience, and the highest quality stringent housekeeping services.
The impact of the pandemic on the hospitality industry is undeniable. OYO recognized the slowdown as an opportunity for improvement and went back to basics, focusing on core strengths: its proprietary pricing engine and distribution channels, its unique hotel operating system (OYO OS), partner tools, data science, and operational excellence. As a direct result of these efforts—coupled with travelers and essential frontline workers continuing to choose OYO—the company is witnessing a steady recovery in the US.