● Industry-first initiative as part of OPEN (OYO Partner Engagement Network) to accelerate business growth & recognize top-performing hotel owners across the 10,000+ strong asset owner community in 300+ cities
● Introduces growth benefits to support business advances, capex requirements for expansion
● Introduces partnership benefits through tie-ups with Paytm, Acko, BMW, Volkswagen, etc to support staff welfare and personal goals
● Introduces network benefits to provide preferential access to amenities and booking discounts for OYO properties world over
Mumbai, August 01, 2019 (GPN) : OYO Hotels & Homes, India’s largest, the world’s third-largest and fastest-growing chain of leased and franchised hotels, homes & spaces, announced the launch of a Partner Privilege Program for its 10,000+ strong asset owner community across 300+ cities in India. This is the third major initiative under the year-long OYO Partner Engagement Network (OPEN) launched in April this year to boost asset owner success and growth on the one hand and create a mechanism for continual engagement and recognition on the other.
An industry-first initiative, the Partner Privilege Program will provide exclusive benefits and opportunities to OYO India’s top-performing hotel owners for their personal and professional advancement. The program involves 3 types of benefits – growth benefits, partnership benefits, and OYO network benefits.
|Growth Benefits||Partnership Benefits||OYO Network Benefits|
|Easy & expedited availability of Cash in Bank business advance||Acko designed free insurance product for employees without any charges on distributor commission||Flat discounts on a stay at OYO Hotels (also known as Rooms) world over|
|Improved attractive lending terms from banks and NBFCs||Paytm powered Zero charges current account for OYO Hotel owner & Zero charges salaried account for staff||Flat discounts on a stay at OYO Townhouse, Collection O, SilverKey|
|Dedicated Capital Expenditure support, guidance, and consultation to help Partner Privilege Beneficiaries expand and open new properties with OYO||Customized offers by car majors like Volkswagen & BMW & retail vouchers of various brands||Dedicated attention by staff and access to a host of complimentary amenities|
|Dedicated account manager for personalized attention & support for query resolutions||Paytm powered accidental insurance cover for staff (Upto INR 2 lakhs)||Preferential access and discounts for stay at Palette Resorts across India|
The growth benefits include products and services that help asset owners grow their business, get visibility and support with business expansion, land operations that help improve returns. These include expedited and privileged availing of products such as Cash in Bank (CIB), financing, value-added services (VAS) among others. The partnership benefits involve products and services through tie-ups with various companies so as to enable business and personal advancement of the asset owners through training of staff, insurance and banking services for the owners and their staff, retail and vehicle purchase discounts and offers, etc. The OYO network benefits include discounts on staying at OYO properties in India and overseas (across OYO brands – OYO Townhouse, Capital O, Collection O, SilverKey and Palette Resorts in addition to OYO Rooms) as well as access to a host of preferential and complimentary amenities.
Commenting on the launch, Aditya Ghosh, CEO – India & South Asia, OYO Hotels & Homes said, “As South Asia’s largest hotel chain, we are proud of our asset owners who have been a key comrade in our journey so far. Our 10,000+ asset owners spread over 300 cities in India are a rich source of advice and suggestions that help us get better every day. Today, under the aegis of OYO Partner Engagement Network (OPEN), we are excited to take our relationship with our asset owner community to the next level with the launch of the Partner Privilege Program for our top performers. With this program, we aim to accelerate business growth and create a mechanism for continual engagement and recognition. This is the third major initiative under OPEN after the launch of 6 core promises, Co-OYO app, and Cash in Bank facility earlier this year. Top-performing OYO asset owners across the country stand to benefit from a suite of products and services and as we go along, we hope to strengthen the ranks of the Partner Privilege Program beneficiaries”
At the launch event, 3 top-performing asset owners from Mumbai were felicitated by OYO and handed over the first Partner Privilege Cards. These asset owners were rewarded for growing their business successfully with OYO with a strong focus on customer experience.
Mohammed Nensey, OYO Hotel owner shared, “We have been in the hospitality industry for generations. Coming together with OYO felt like a collaboration between two like minds in the true sense. Value-added services offered by OYO has helped us take our business to the next level in a short period of time – something we couldn’t have imagined when we moved back to India. I strongly believe that both of us are in a win-win situation – only offering the best to our guests. I look forward to getting most of my other properties associated with OYO soon!”
Anup Shetty, OYO Hotel owner shared, “I began my humble journey as a hotelier a couple of years ago. From being a steward to now someone who runs 4 successful properties, it has been quite an exciting ride for me. I honestly feel that associating with OYO was a very wise decision. The OYO team has supported me on-ground as well as marketing my hotel/s so much so that the occupancy has increased manifold with great customer feedback. I am confident that this association with OYO will only grow from here and I will be able to further achieve my goals”
Overall, OYO’s annual retention is as high as 99.5% across the chain in India & South Asia. On an average, over 75% of hotel owners associated with OYO have seen an increase of almost 3X+ in occupancy, a 2.5X jump in RevPar and a significant jump in profit. Partnering with OYO significantly improves the quality of the standalone hotel and improves occupancy from 25% to 75% on an average within just 3 months, increasing the yield on underutilized assets.
Notably, over 90% of business at OYO hotels in India are being generated by the repeat, direct or word of mouth customers. What makes this possible is the continued joint commitment between OYO and its building owners to uphold the high-quality service levels and benchmark customer experience and focus on delivering the best quality of experience. As the biggest hotel chain in the country, the focus on customer experience and investments on CapEx and service will be at the heart of OYO’s enduring promise to its 20 million+ customers in South Asia. Ends
About OYO Hotels and Homes:
Opening its doors in 2013, OYO Hotels & Homes is the world’s third-largest chain of hotels, homes, managed living and workspaces. The portfolio combines fully operated real estate comprising more than 23,000 hotels and 46,000 vacation homes. Now with @Leisure Group joining the chain, OYO can be found in more than 800 cities in 80 countries, including the U.S., China, Europe, U.K., India, Malaysia, Middle East, Indonesia, Philippines, and Japan. For more information, log ontohttps://www.oyorooms.com/