OYO brings a revolution to the hotel industry in India! It started with a small start-up, and now it is the third-largest hospitality chain by room count. But what is the secret behind this huge success? It’s not only the credit of its visionary founder but also to OYO’s Social Media Marketing Strategy that plays an important role in this journey.
OYO has come out as a pioneer, transforming the way people perceive and experience budget accommodation. With its innovative approach and commitment to customer satisfaction, OYO has become a giant in the hotel industry.
In 2012 a 17-year-old college dropout boy launched a hotel listing website named Oravel Stays. He wanted to change the Indian Hospitality Business with the help of technology. After launching this website the boy received $100,000 as part of the Thiel Fellowship, a two-year program from PayPal co-founder Peter Thiel. In 2013 this website was renamed OYO and the 17-year-old college dropout boy is none other than the founder and CEO of OYO Rooms Ritesh Agarwal.
In the year 2013, Ritesh realized that dinner and bed were not a piece of sufficient information for a consumer. Because Oravel Stays only provides budget and premium accommodation. So he proposed to make it an affordable and standardized accommodation. At that time Oravel Stays was renamed as OYO Rooms (On Your Own).
In 2016, OYO Rooms expanded its business globally. After India their first hotel was in Malaysia then they spread into Nepal and Bhutan.
In late 2017, OYO launched a new service called OYO Home, a marketplace for managed short-term rentals similar to Airbnb. OYO Home has been delivered to over 10 holiday destinations in India, including Goa, Simla, Puducherry, and Kerala!
In 2018, OYO started its operations in the UK, UAE, China, Singapore, and Indonesia making it one of the most successful businesses.
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In April 2019, Oyo launched its first-ever Oyo Home in Dubai.
As you can see Ritesh Agarwal started with a single hotel in Gurgaon, India. His innovative business model involved renovating budget hotels and standardizing ambiance to ensure a consistent and comfortable experience for guests. Now OYO Rooms is India’s largest hotel chain network. It has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries.
OYO prefers to promote its brands through social media like Facebook, Instagram, Twitter, LinkedIn, etc. Also, OYO focuses on 360-degree digital marketing strategies. It used Google search ads, and multiple social media campaigns to promote its app and website. But OYO was not dependent only on paid campaigns, it leveraged social media and also focused on SEO to gain organic traffic to its website with the keywords with maximum search volume. They updated their website with their customer’s needs and intentions. When a person searches for a hotel it automatically redirects them.
OYO uses multiple social media platforms for its branding. They post actively on Facebook, Instagram, and Twitter.
Social media marketing has become an essential tool for businesses these days, and OYO discovered its potential early on. With popular platforms like Facebook, Instagram, Twitter, and LinkedIn, OYO started on a journey to connect with its target audience, engage customers, and build a strong brand presence.
Oyo targets both genders in the 20-30 age group. These people are usually from urban areas and belong to the low or middle-income segment of the population. Oyo targets students and professionals who enjoy hiking and short trips, often alone.
As OYO continues to scale greater heights, its social media marketing strategy remains the backbone of its growth path. Looking forward, OYO is ready to use amazing technologies such as augmented reality (AR) and virtual reality (VR) to provide interactive experiences through social media. The brand also recognizes the importance of sustainability and community-driven initiatives, to use social media as a platform to increase its commitment to responsible travel.
In the competitive world of the hospitality industry, OYO faces multiple rivals, each with its unique strengths and strategies. Let’s look into a comprehensive analysis of OYO’s top competitors, including Yatra.com, Make My Trip, Airbnb, and Trivago, focusing on their founders, inception, social media marketing strategies, and revenue.
OYO’s success is not just a result of its founder’s vision but also a case study of effective social media marketing strategy. By exploring digital platforms, engaging customers directly, and staying adaptive in the face of challenges, OYO has not only transformed the hospitality industry but has also set a benchmark for businesses looking to the power of social media in their marketing venture. If you want to know more about Social Media Marketing Strategy you can enroll in the Institute of Digital and Content Marketing.