OYO Hotels Stays Committed to Hospitality in the United States
Kasra Moshkani will lead OYO’s business in the United States.
After the way the U.S. hotel industry has suffered during the coronavirus pandemic, some might be tempted to walk away from the business altogether. But not OYO Hotels, which has reiterated its commitment to the United States. The company, which operates in more than 800 cities in 80 countries, says it plans to continue delivering quality living spaces in 37 states with over 300 hotels and almost 20,000 rooms.
As part of this commitment, it also has appointed Kasra Moshkani as its head of business in the United States. “Moshkani’s appointment comes as a positive move as OYO reiterates its commitment to the U.S. hospitality industry and chalks its path to recovery in the coming months,” the company says.
Currently, OYO reports it is seeing a slow and steady recovery driven by its business in the Southeast. “Utilizing the lockdown period, the company went back to the basics, focusing on its core strengths — technology, data science and operational excellence,” it says. OYO also has concentrated on localizing its technology, products and price algorithm to drive success for its asset partners and provide a quality guest experience.
So far, OYO’s hard work has paid off as its revenue per available room has reached nearly 92% of pre-COVID levels. “The U.S. holds immense strategic importance with respect to OYO’s global presence,” commented Abhinav Sinha, the global COO of OYO Hotels & Homes and the operating partner of OYO US. “Since launching OYO’s unique, tech-driven hospitality in 2019, we have hosted over 1.4 million guests in the country and developed strong partnerships with 300-plus asset owners.”
Moshkani noted that he was humbled by the opportunity and trust that OYO has given him. “My work at OYO presents a once in a lifetime opportunity and I am excited to contribute to OYO Hotels’ strategy in these challenging times, and enabling the company’s long-term success and sustenance in the United States,” he said.
“OYO offers a unique and inclusive proposal that, supported by technology, allows us to boost hotels,” Moshkani continued. “Today, the company is synonymous with quality stays, innovation, and is driven by passionate, mission-oriented individuals. We are deeply committed to continuing the momentum of OYO’s recovery while contributing to the hospitality industry at large.”