Oyo Rooms is the largest platform based budget hotel network in India. Oyo acts as a bridge between hotels and guests in finding hotel rooms in India. The company operates in more than 160 cities across the country.
Oyo Rooms is about to start operation in Malaysia too as said it at its official blog. Oyo Rooms is considered as one of the next startup unicorns in India, by a research carried out by CB Insights for The New York Times.
Founded in 2013, Oyo Rooms has been backed by many premiere venture capital firms, including Softbank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India. Hotels those who want to register with Oyo Rooms’ can contact Oyo Rooms through the company website.
FuGenX, a global hotel booking app development company in India and USA, helps entrepreneurs build Oyo Rooms like app with innovative features. FuGenX has the proven experience in developing many innovative and game-changing platform based mobile apps for startups and leading companies globally.
About Oyo Rooms App
Oyo associated hotel in Hyderabad or any location can be booked by logging in to their website or through mobile app. The Oyo mobile app is available for iOS, Android and Windows Phone.
Do you know? The maximum number of online Oyo hotel room bookings were made through mobile apps ( i.e. 92% – both Android & iOS), followed by Mobile Websire (i,e. 6%) and Desktop Website (i.e 2%).
With a global app user base of 77.5 million, the Oyo app ranks 3rd on Google Play in the travel category, that means Oyo is now among top 3 hotel booking mobile apps around the world.
Business & Revenue Models of OYO rooms
If you intend to create a hotel-booking app like Oyo, you should hire Oyo like app Development Company in India, USA, and UAE and get an idea of Oyo rooms App development cost. But, before that, it is also very important to learn and understand the revenue and business models that Room booking app like Oyo runs on.
Here are the two business models of Oyo hotel booking app:
1) Aggregator Model:
Oyo has followed this business model until last year, where it enables them to connect with many Oyo hotels, property dealers, Oyo room owners, and other hotel-booking networks. It helped a lot to offer rooms to their customers under Oyo brand. This way, customers can connect to them via your platform and get the best hospitality services from them without knowing their real name.
Oyo associated only with hotels that comply with their set guidelines such as the authenticity of security, staff quality, basic facilities, best price, location, etc. With this business model, they were earning 22% of the profit share, while partner hotels and room owners got huge traction at their end, while customers definitely got a wonderful experience.
2) Franchise Model:
Currently, OYO is working with this business revenue model where room and hotel owners are limited to their offer and term plans. Here OYO rooms like app rents rooms at a best pre-determined price and offer them to their customers at a take-up price. Here room owners and hoteliers must offer better customer service and their business will eventually grow by OYO standards. It’s like a commission-based business model and it depends according to the services offered by the Oyo brand.
The next big concern while looking to develop Oyo Clone App is cost to develop an online hotel-booking app. Development cost of on demand hotel-booking app like Oyo Rooms is majorly depends on the number of basic and advanced features that are included in the Oyo alternative app.
Have a look at the necessary features of Oyo app:
