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.
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.
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:
Easy registration & login to access the application
Search hotel rooms by landmark, locality or city
Convenient search option to find nearby hotels
Easy modification in booking & cancellation
The option called My Booking allows users to check their bookings
Payment can be done through debit card, credit card, net banking, ITZC, Mobikwik Wallet, Oxigen Wallet, or Paytm Wallet
Other options like call us, account modification, and
invite friends
On Demand Hotel Booking App Development cost is also determined by the following key factors.
This is one of the major cost deciding factors. Android app development is relatively costlier than iPhone app development. This is mainly because Android requires more codes to be written, and its emulators are slower. In case of iOS apps, only a few devices are required to be tested against.
If you want to create an app on budget, you can choose iOS platform as app development cost of Oyo clone app is cheaper than android.
Oyo like app requires attractive design to attract and engage users, which may cost little higher, but worthy. The cost of Oyo like app development will be less when you create simple design. FuGenX has the proven expertise to design and develop an Oyo Rooms like app at an affordable cost with simple but unique and engaging features.
App size means the total number of features and functionalities that app consists of. Concentrating only on the core features in the initial step is a clever approach to reduce online hotel booking app cost like of Oyo hotels in Bangalore. The cost will be high if you include all the features and functionalities in the initial stage of Hotel booking mobile app development.
The cost of simple and user friendly Oyo Rooms app development also depends on the developers’ geographic location, experience and expertise level.
If you choose foreign developers for creating Oyo like app, the cost of the hired iOS and Android Oyo app developers is high as they expect much fee than local mobile app develops.
Integrated mobile wallet helps you make sure the payment happens instantly and you will face no hassle in receiving payment. Mobile wallet development for Oyo Rooms like app costs extra, but offers many tangible advantages.
The cost to make an app like Oyo rooms is estimated on the following basic and advanced features apart from the factors mentioned above.
Planning to develop an app like Oyo? Want to know how to make an app like OYO? Looking For Hotel Booking Mobile App Development Cost? Please reach us at info@fugenx.com and discuss your app idea with us. We will provide an instant quote to you within 24 hours.