Global travel technology company OYO has announced a special offer for the upcoming Independence Day holiday as bookings are expected to clock record numbers. With the 4th of July offer, guests can avail a discount of 33% on their room bookings. This limited-time offer celebrates the spirit of the holiday and provides an opportunity for travelers to plan their getaway on a budget.
The offer is applicable for stays at OYO hotels across the US till the 10th of July and for bookings made on or before 5th of July. To redeem the offer, customers need to book their stay on the OYO app or website and enter the promo code 4THJULY. Customers can also book by calling on +1 405-342-7056.
Speaking about the upcoming holiday, Gautam Swaroop, CEO OYO International said, This is one of the most important holidays in the country, and if recent reports are any indication, this 4th of July travel will break all records. Recent reports indicate that approximately 50.7 million people will travel 50 miles or more from their home for the July 4th holiday, breaking the record of 49 million set in 2019. We expect increased hotel bookings within city limits and along highways, as a vast majority of Americans will be hitting the road.
OYO offers hotels access to a large base of regular customers through its app and website, and lists hotels on multiple Online Travel Agents (OTAs) to boost booking demand and revenue. OYOs best-in-class Artificial Intelligence-enabled pricing software automatically drives the best booking prices across all channels, based on room type, seasonality and other factors, therefore, enabling such an increase in online revenues.
OYO has started offering hotels the flexibility of not having to invest heavily in redoing the hotel to join the OYO platform, something that other budget hotel chains insist on. Therefore, the initial investment to join OYO is minimal. It has been focusing instead on standardizing service led components such as customer support and booking experience.
The company helps ensure great experience for customers, with ease of search and a quick booking experience, highly competitive room prices as per market demand patterns, automated tools such as Artificial Intelligence powered chatbots to quickly resolve customer queries, loyalty programs and easy refund, if needed.
Earlier this year OYO said that it is planning to add over 100 hotels in the US in 2023. This is nearly double the number of hotels the company added to its portfolio in 2022. OYO will focus on adding more hotels in the states of Oregon, Washington, Texas, Oklahoma, Georgia and Florida.
The company also achieved a 48% growth in revenue from bookings on its own platform, such as the app, website, mobile web and call centers in Q4 2022 vs same period in 2021. OYOs app saw highest growth with a 99% surge in revenue from bookings in Q4 2022 vs same period in 2021. The company had earlier disclosed that its app is the second most downloaded travel app with over 100 million downloads globally.
About OYO: OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 168,711 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of September 30, 2022. For more information, visit www.oyorooms.com.
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