OYO Rooms plans to triple inventory by December
The company had recently launched operations in Malaysia.
Buoyed by increase in booked room-night transactions by 15 times in the first quarter this year, online aggregator of branded hotels, OYO Rooms is planning to triple its inventory by December.
"Our team delivered 15x year-on-year growth with 2.3 million booked room-night transactions in Q1 Jan-Mar 2016...We plan to grow deeper in all key business and leisure cities and triple our inventory by December 2016," OYO Rooms Founder & CEO Ritesh Agarwal said in a statement.
OYO Rooms currently has a network of 5,855 partner hotels in 170 cities of India with a total room capacity of 68,300.
Agarwal said, "95% of our traffic comes from our own sales channels such as app, web and call-centre. The cities driving profitability for us are those that have matured over the last year which include Gurgaon, Delhi, Hyderabad and Kolkata."
The company said that since February it has also regained profitability at a network-level but did not share financial details. The company had recently launched operations in Malaysia.