By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Social BuzznessSocial Buzzness
  • News
    News
    Stay informed with the latest news and updates from around the world. Discover credible and reliable sources for breaking news, politics, business, sports, entertainment, and…
    Show More
    Top News
    B747 Jumbo, an especially customized tiger-faced jet was sent to Namibia to bring home eight Cheetahs including five females and three males.
    Specially customized tiger-faced B747 Jumbo Jet to bring 8 cheetah
    September 28, 2022
    Heatwave are often referred to as extreme temperatures because the term has entered the common vernacular over time.
    Heatwave in capital, How people tackling with this Havoc
    October 14, 2022
    Taking on a second job outside of the regular job is known as moonlighting because people usually do it after work or at night.
    Moonlighting not ethical: IBM India’s Patel joins IT industry debate
    September 25, 2022
    Latest News
    EV Startup Zypp Electric raised $25M to hit 30 Indian cities by 2025
    February 11, 2023
    Zoho To Hire 1,000 More Employees In Fy24, Committed To No Layoffs
    February 3, 2023
    Cars24 Plans To Hire Over 500 Employees Across Verticals In The Next Quarter
    February 3, 2023
    Physics Wallah to hire 2500 employees across verticals by March
    February 3, 2023
  • Business
    Business
    Find the best businesses in socialbuzzness with expert reviews and ratings. Browse services, products, and top-rated companies to help you make informed decisions.
    Show More
    Top News
    The first tip for save money is to separate your wants from what you need. When you separate your wants from what you need.
    Top 10 ways you save money
    September 16, 2022
    We will provide some tips to help you choose the right accounting software for your business. Steps to choosing the right accounting software
    How to Choose the Right Accounting Software for Your Business?
    February 28, 2023
    Person-occupation fit may explain why some people suffer from business travel while others thrive on them, here is the solution.
    Essential Tips To Keep In Mind During Business Travel
    October 12, 2022
    Latest News
    How to Choose the Right Accounting Software for Your Business?
    February 28, 2023
    Challenges of Small And Medium Enterprises at the Start of Trade
    February 28, 2023
    Best Home Rental Sites in India
    February 24, 2023
    How to Reduce the Cost of Hiring Social Media Professionals
    February 23, 2023
  • Technology
    Technology
    Stay ahead of the technology curve with the latest news and reviews. Explore the latest gadgets, software, and services, and find expert advice on how…
    Show More
    Top News
    You must have noticed it in recent days; Instagram has been given a makeover by modifying two tabs on its interface.
    Top 6 Instagram Features That We Are Using Everyday
    January 13, 2023
    Both positive & negative influences on communication evaluations are present. Credibility of the material is to be checked by reader.
    New media: Importance of ethics in the process of communication
    September 25, 2022
    The achievement among most business owners could be attributed to advertising, which is similarly transformed by technological development.
    Rapid Technological Development Revolutionized Marketing
    February 26, 2023
    Latest News
    How Cloud-Based Radiology Solutions Help Improve Workflows
    March 24, 2023
    Rapid Technological Development Revolutionized Marketing
    February 26, 2023
    Top 6 Instagram Features That We Are Using Everyday
    January 13, 2023
    How Can You Boost Your Business Using The Technology? 
    December 2, 2022
  • Finance
    Finance
    Stay on top of your finances with expert advice and resources. Find the best financial products, services, and companies to help you manage your money,…
    Show More
    Top News
    Investment decision always require some basic knowledge for you to enter into an unexpected market. Read the article to know.
    Things to Consider Before Making Any Investment Decision
    November 2, 2022
    SIPs can be easily transferred from one company to another, but mutual funds require more work to transfer.
    Understand The Difference between SIP And Mutual Funds
    March 17, 2022
    You make sure it benefits you for the long term, keeping all this in mind, here are some common mistakes first-time home buyers should avoid.
    Common Mistakes First-Time Home Buyers Should Avoid
    October 10, 2022
    Latest News
    Enhancing Employee Performance Through Monetary Incentives
    March 10, 2023
    The Reverse Mortgage System in India
    March 9, 2023
    How Loan Management Software Can Streamline Your Lending Process
    March 9, 2023
    Where To Do Investments For Tax Planning
    February 26, 2023
  • Success Stories
    Success Stories
    Find inspiration and guidance for achieving your goals with real-life success stories. Learn from individuals who have overcome challenges and accomplished their dreams, and discover…
    Show More
    Top News
    Many budding entrepreneurs are inspired by the success tales of these innovative entrepreneurs. Let us have a look at it.
    Top Indian Entrepreneurs Success Stories that will inspire you
    October 15, 2022
    Unacademy is the first app that is a full-package solution for learning from the convenience of your phone. It is not a collection of videos.
    An Online Learning Platform Became India’s #1 Education Portal: Unacademy Success Story
    January 28, 2023
    OYO hotel is a great one. It is all about service and the idea that you are never too far from excellent service and food.
    OYO Hotel Rooms Founder and CEO Ritesh Agarwal – Inspiring Success Story
    January 28, 2023
    Latest News
    Success Story of Bill Gates, Microsoft co-founder
    October 13, 2022
    Top Indian Entrepreneurs Success Stories that will inspire you
    October 15, 2022
    Apollo Tyres unveils tyres for premium bikes
    October 10, 2022
    How Practo Became the Largest Health tech Company in India – Success Story
    October 30, 2022
  • Explore By
    • Knowledge Corner
    • Education
    • Lifestyle
    • Travel
    • Entertainment
    • Health
Reading: OYO Hotel Rooms Founder and CEO Ritesh Agarwal – Inspiring Success Story
Share
Notification
Latest News
Cloud-based radiology solutions aid healthcare institutions in streamlining processes & lowering costs by providing a consolidated platform.
How Cloud-Based Radiology Solutions Help Improve Workflows
Technology
Getting married is an exciting yet stressful process. Here are some tips on how to choose the best wedding photographer.
How To Choose The Best Wedding Photographer
Lifestyle
Monetary Incentives play an essential role in employee performance. Let us read about the impact of it through this article.
Enhancing Employee Performance Through Monetary Incentives
Finance
Homeowners aged 62 having paid off the mortgage can borrow a part of equity in property. Here are things to know about Reverse Mortgage System
The Reverse Mortgage System in India
Finance
Loan management software in your lending firm might be substantial adjustment, but it is necessary to maintain your lending process.
How Loan Management Software Can Streamline Your Lending Process
Finance
Aa
Social BuzznessSocial Buzzness
Aa
  • Business
  • Entertainment
  • Technology
Search
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Explore By
    • Education
    • Success Stories
    • Entertainment
    • Health
    • Lifestyle
    • Travel
  • Quick Links
    • Bookmarks
    • Contact
    • Write for us
Follow US
  • Advertise
Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.
Social Buzzness > Success Stories > OYO Hotel Rooms Founder and CEO Ritesh Agarwal – Inspiring Success Story
Success Stories

OYO Hotel Rooms Founder and CEO Ritesh Agarwal – Inspiring Success Story

Social Buzzness
Last updated: 2023/01/28 at 12:06 AM
Social Buzzness
Share
6 Min Read
OYO hotel is a great one. It is all about service and the idea that you are never too far from excellent service and food.
SHARE

Oyo hotel has emerged as the most preferred choice of accommodation among the young and the budget-conscious. It stands out as a pioneer in the hospitality industry as it offers a different approach to hospitality through its new concept called OYO.

OYO is a multinational hotel chain headquartered in India. It was founded in March 2013 by the billionaire hotelier Ritesh Agarwal (Founder of OYO). OYO is a different and better way of doing business. Because of its simple process and ease of use, OYO is very popular in India. It’s a way of doing business through a smooth and straightforward process.

It is an ultra-cheap hotel chain available in India, US, UK, Singapore, Spain, and Australia. Their service is very user-friendly. OYO opened its first branch in the Indian capital, New Delhi, in June 2013. This is one of the largest hotel chains in the World. Oyo has over 23,000 hotels under its belt, 8,50,000 rooms, and 46,000 vacation homes across 65 countries.

OYO was founded for an ideological purpose: to make the hotel cheaper and in a way that they are effortless to use. The origin of OYO hotels is a simple one — an idea whose time has come for consumers.

Oyo has been famous for being a home-grown business that has dominated the hotel industry in India. It has come up with many ways to make its rooms comfortable and affordable. What Oyo has done right is to have made their rooms accessible with their innovative and cheaper offerings. It is known for being a hotel company committed to customer service. The Oyo hotel chain has been highly successful. As a result, Oyo hotels have gained a large customer base and become recognized as a low-cost provider of a high-quality experience.

It is known for its low prices and fast check-out, no-frills feel, and lack of bells and whistles. The low prices are the reason why Oyo has been so successful. OYO hotels aim to provide affordable, quality, well-planned accommodation with a no-nonsense approach. The primary aim of OYO hotels is to provide excellent value for money. This is done by cutting down the costs, making it more cost-effective, with the hope of expanding its customer base and making a profit.

Ritesh Agarwal- Founder of OYO

Ritesh Agarwal is a hotel entrepreneur who is a native of Orissa. He built what is now known as OYO from scratch to be one of the most successful Startups of all time, not only in India but worldwide. Ritesh Agarwal was born in Orissa in 1993. He was born into a Jain family, and he is one of the youngest and most successful entrepreneurs on the Forbes India Rich List.

Agarwal, the man behind Oyo, a college dropout, is the founder of Oyo. He is the second wealthiest start-up founder in India with an estimated net worth of $2.6 billion based on Forbes India’s list of the World’s richest Indians.

He was also named the youngest billionaire in India by Hurun. Interestingly, his net worth has increased by Rs 300 crore since last year. The self-made billionaire was also praised by former US President Donald Trump when he visited India. Trump asked Agarwal how many hotels he has, to which Agarwal replied with “300 in India and 40,000 worldwide”. Trump also mentioned that he had heard of Oyo hotels before also.

He dropped out of college to build his hotel chain. In 2013, Ritesh came up with the idea of starting a budget accommodation portal to offer great value. After Ritesh created the basic concept of Oyo, he started looking for investors. 

Agarwal was first about to launch Oravel Travels, a portal for booking budget houses whose model was the same as Airbnb. But later, he changed the original plan, and Oravel was transformed into Oyo rooms. He was 25 years old when he created OYO. He also holds the title of the World’s youngest billionaire.

The OYO hotel chain is an extraordinarily successful and relatively new hotel company, selling more than 50,000 hotels since it began expanding with its first hotel in 2013. OYO hotels have been known for their low prices, fast check-out, and no-frills. The concept of OYO hotels is a great one. It is all about service and the idea that you are never too far from excellent service and food. OYO hotels can also keep very affordable prices while still providing customers with a great experience.

The name OYO, an acronym for ‘On Your Own, is derived from the phrase ‘On Your Own Room.’ It is an attempt to highlight that the guest is the room owner and not the hotel.

You Might Also Like

Success Story of Bill Gates, Microsoft co-founder

Top Indian Entrepreneurs Success Stories that will inspire you

Apollo Tyres unveils tyres for premium bikes

How Practo Became the Largest Health tech Company in India – Success Story

Success Story of Pepperfry: India’s Largest Online Furniture Store

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Social Buzzness March 6, 2022
Share this Article
Facebook Whatsapp Whatsapp Telegram Copy Link Print
By Social Buzzness
Follow:
Socialbuzzness is a website which covers all kinds of news like entertainment, technology, business, finance and many more. We give you the latest news with understandable language. Having a good lifestyle is necessary to be successful after reading our lifestyle articles you surely will be motivated.
Previous Article Unacademy is the first app that is a full-package solution for learning from the convenience of your phone. It is not a collection of videos. An Online Learning Platform Became India’s #1 Education Portal: Unacademy Success Story
Next Article BharatPe, a fintech startup based in Bangalore, has launched a new payment solution that does away with a lot of conventional banking methods. Shopkeeper’s best friend- Bharatpe success story
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

Cloud-based radiology solutions aid healthcare institutions in streamlining processes & lowering costs by providing a consolidated platform.
How Cloud-Based Radiology Solutions Help Improve Workflows
Technology March 24, 2023
Getting married is an exciting yet stressful process. Here are some tips on how to choose the best wedding photographer.
How To Choose The Best Wedding Photographer
Lifestyle March 17, 2023
Monetary Incentives play an essential role in employee performance. Let us read about the impact of it through this article.
Enhancing Employee Performance Through Monetary Incentives
Finance March 10, 2023
Homeowners aged 62 having paid off the mortgage can borrow a part of equity in property. Here are things to know about Reverse Mortgage System
The Reverse Mortgage System in India
Finance March 9, 2023

Welcome to the Social Buzzness. This is a website where you will find blogs related to technology, business, news, lifestyle, health and many more. It is obsessed with providing fresh content to all the readers with realism and multiple fact-checking.

Quick Link

  • Home
  • About us
  • My Bookmarks
  • Write for us
  • Contact

Top Picks

  • News
  • Business
  • Finance
  • Technology
  • Success Stories

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Follow US

Copyright © 2022 Socialbuzzness. All Rights Reserved - HRI Consultants.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?