OYO – Transforming and renovating buildings in a record time of up to 14 days against the industry standard of up to 90 days
We have made wonderful progress in Nepal since our launch in the country. Today, OYO is present in 3 cities, with over 2500 rooms across 150 franchised OYO buildings that offer all modern amenities like complimentary breakfast, spotless linen, free WiFi, TV, and 24/7 support and at affordable prices. We plan to expand our presence from 3 to 15 cities by the end of 2019 and we are very keen to support Nepal’s Vision 2020 of 2 million tourists by 2020. With this in mind, we set a new benchmark by transforming and renovating buildings in a record time of up to 14 days against the industry standard of up to 90 days. Our full-stack technology led model and skilled pool of design experts that include civil engineers, architects, and designers powered this transformation of over 150 buildings across Nepal while focusing on promoting sustainable infrastructure practices in the hospitality sector.
What’s powering OYO transformation?
Dedicated renovation and transformation app to monitor progress: OYO Optimus is the dedicated transformation app that helps our teams understand the transformation requirements of a building while giving cost estimates, budget in addition to assigning tasks and tracking the pace at which the process is taking place. This helps all stakeholders including the asset owner and all our teams to have full visibility of what is happening behind the scene at OYO.
Artificial Intelligence led design approach: We utilize an AI-led design approach while evaluating guest feedback on every property and identifying their most-preferred design and this is further supported by our in-house design labs. Our full-scale, capability-led model allows us to undertake a 360-degree transformation and renovation while upgrading the existing structure of a building – from flooring, plumbing, air conditioning, painting, and electrical fixtures to utilities upgrade. Technology-driven renovation and superior supply chain capabilities allow us to reduce costs and time.
We have built and demonstrated deep capabilities in partnering with various forms of real estate and rapidly transforming them. There is a huge disconnect between demand and supply of quality living spaces, forcing travelers and Nepalis to compromise on location, quality, and price. Through our technology and talent, we are fixing this problem and moving a step closer to our goal of becoming the world’s largest and most preferred chain by 2023 and are focused on driving the next wave growth in South Asia.