Oyo to expand to 300 cities by FY26, eyes doubling booking revenue

OYO Plans to Double Company-Serviced Hotels and Booking Revenue Share by FY26 Ahead of IPO. Expert Analysis : Hotel Portfolio Growth: OYO currently operates 1,300+ company-serviced hotels and targets 1,800 by FY26, up from around 900 in FY25. FY26 Expansion Strategy: IPO-bound OYO plans to double booking revenue from company-serviced hotels from 22% to 44% and expand presence from 124 to 300+ cities. Current Portfolio: OYO currently operates 1,300+ company-serviced hotels under brands like Townhouse, Capital O, Palette, and Townhouse Oak. Targeted Expansion Locations: OYO is focusing on high-demand leisure, pilgrimage, and business cities, including Mohali, Darjeeling, Port Blair, Vapi, and more across India. Strategic Focus for 2025: OYO’s expansion aligns with its 2025 strategy to boost profitability by enhancing guest experience and service quality. Performance Metrics: Company-serviced hotels have a 4.6 customer rating (vs. 4.0 average), 2.7x higher occupancy, and 1.3x greater repeat customer rate. Initial Contribution: Introduced in FY23, company-serviced hotels initially contributed less than 2% to OYO’s booking revenue.