OYO Expansion: 700+ Hotels Offer Compelling Pricing Options
OYO, a global hospitality technology company, has introduced a self-funded scheme in Malaysia offering up to a 15% discount for guests booking through its platform.
This initiative aims to protect hotel revenue and margins while ensuring attractive pricing options for guests. Rolled out in select regions earlier, this scheme led to a 20% increase in monthly revenue for participating hotels.
With over 700 hotels across 50 cities in Malaysia, OYO aims to maintain competitive pricing for guests without compromising partner hotel revenue. The company’s focus on supporting partner success includes providing user-friendly hotel management systems and innovative solutions like the OYO Smart Lock for seamless check-ins.
The OYO Commitment
Akshay Rathod, Country Head of OYO Malaysia, emphasized their commitment to investing in partner success by absorbing costs to boost hotel revenue streams.
OYO continues efforts to onboard hotels with technological tools and increase their visibility, offering promotional support through its Co-OYO app. With a customer base of over 100 million globally through its app and website, OYO aims to support partner hotels in maximizing revenue and occupancy.
“The introduction of these additional discounts has not only safeguarded our revenue but has also significantly contributed to enhancing our occupancy rates. The flexibility and support offered through these additional discounts reflects OYO’s dedication to fostering a mutually beneficial partnership and demonstrates a keen understanding of the needs of its partners”, says Tan Sri Cheah Chan Yau, Owner, OYO Hotel Grand City, Kuantan.
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