Post Date: 18 July 2019 || Takeaways : OYO is on a Never before seen pace of Expansion. “Explosive” would be an understatement. Some takeaways at this moment( before lot more happens in days & weeks to come. Fun to see such SPEED by a any brand, first time ever. Let’s enjoy the ride !!):
After expanding hotel chain business to more than 80 countries and entered the co-living spaces segment in recent years, OYO now identified a new business to target: co-working spaces !!
My opinion, Co-Working spaces are probably more profitable in near term !! Synergies with the OYO rooms are likely to trickle in if they can create a linked Loyalty program : Stay at OYO Rooms, Work at OYO Co Working spaces & order food from at OYO created F&B Brands !! OneBrand Life…hmmm Why not?
Oyo plans to have 50 Oyo Workspaces centres by the end of the year and aims to make it the largest co-working business in Asia by the end of next year. As on 16 July 2019, Oyo confirmed that it has acquired Innov8, a co-working startup with more than 200 employees and 16 operational centres.
Lot more action in store…Read on…