With the aims of further expanding its India operations, Airbnb has made a strategic investment in OYO Hotels & Homes.
Confirming this alliance, Maninder Gulati, Global Chief Strategy Officer, OYO Hotels & Homes said, “As the sixth largest hotel chain operator in the world, we at, OYO Hotels & Homes, are committed to offering our guests and travelers around the world, great quality living spaces. We are happy to have Airbnb as our partner in this vision.”
According to industry reports, Airbnb has invested around $200 million in the Series E funding round of OYO.
Following this new partnership, both the hospitality giants aim to explore a range of projects which includes making OYO accommodations available on the Airbnb platform.
“Strong global strategic relationships that support this mission, help drive collaborative efforts in the right direction. Airbnb’s strong global footprints and access to local communities will open up new opportunities for OYO Hotels & Homes to strengthen and grow while staying true to our core value proposition.
“We are excited by the possibilities and committed to bringing benefits to the millions of travelers who can now rely on Airbnb and OYO Hotels & Homes to find a home away from home,” added Gulati.