Since making its Spanish debut in January, India-based Oyo Hotels & Homes has added more than 100 hotels and 2,000 guestrooms to its portfolio in Spain.
The company currently operates hotels in Madrid, Granada, Valencia, San Sebastián, Córdoba, Tarragona, Cuenca, Las Palmas de Gran Canaria, Santiago de Compostela and Salamanca.
Kavikrut, chief growth officer at Oyo Hotels & Homes, appreciates the company's presence in the Spanish market. “Spain is one of the most relevant tourist destinations internationally, accommodating 82 million tourists from around the world in the last year,” he said. “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.”
Spain, he added, is a “very mature market,” and “Oyo's business vision and technological prowess are ideal for a large number of independent hotels that may have the advantages of being under a large chain but without losing control of and decision-making power for their hotels.”
“This is one of the most dynamic hospitality markets in the world,” said Tobias Jörk, country manager, Spain for Oyo Hotels. “We want to become the trusted partner of independent hotels across the country with more than 100 hotels. … The team and I are very happy to work in such a potential market.”