OYO logo.
Credit: Special Arrangement
Bengaluru: IPO-bound hospitality tech company Oyo targets doubling the share of company-serviced properties in its booking revenue from 22% to 44% in financial year 2025-26 (FY26), the firm announced on Friday.
The share of company-serviced hotels in Oyo’s portfolio is also set to double to 1,800 in the same period, with their presence expanding from 124 cities to over 300 cities across India.
Oyo plans for the segment to contribute 50% of its total booking revenue. This is reinforcing Oyo’s commitment to premium property expansion, stated the firm.
Currently, Oyo has 1,300 company-serviced hotels in India that mostly include Townhouse, Townhouse Oak branded hotels. These have been the most popular mid-segment brands for the company.