Pavan Teja
OYO has seen exponential growth over the years than any other startup. Ritesh Agarwal, the founder of the OYO, has become the second youngest billionaire in the world. Over the years, the company has faced many difficulties, but every problem made the journey much more exciting and adventurous for the team. The company’s team efforts and continuous innovation are the primary keys to its incredible growth.
On Wednesday, the company has launched OYO 360 tool to make the onboarding process simple and effortless for hotels and homeowners. Whenever a hotel or home wants to onboard OYO or become an OYO patron, it generally takes nearly 15 days. OYO team checks all the amenities are up to the quality standards or not. Then it decided to onboard the hotel or home.
However, this new AI-powered tool OYO 360 will insanely cut out the time from 15 days to just 30 minutes. Yes, just 30 minutes! This new self onboarding tool allows patrons to enroll into OYO with a simple two clicks. Patrons can sign in using their social media profile or email address. Then patrons have to upload basic details of the hotel, room number, amenities, and imagery.
The AI-powered tool will then automatically checks all the quality parameters. Also, it identifies and checks all the elements in the photos. Once the quality checking is done, the patrons’ onboarding will be completed.
During the COVID crisis, many industries have been affected very seriously. Many companies experienced a devastating dip in their growth and revenue, including OYO. OYO hotels have been affected severely during the COVID. But as the vaccination and recovery rates are increasing OYO hotel is also getting back on track.
OYO launched this new AI-powered tool OYO 360 for helping businesses and homeowners to increase their revenue and increase their profits. However, OYO confirmed that nearly 70% of new patrons who are joining the OYO possess little technology knowledge. To help them list their properties on the global hotel management company, OYO, come up with this new technology.
OYO 360 not only helps businesses sign-up process but also helps in supplying the infrastructure through technology. By fast-tracking, the onboarding process company is expecting to increase its patron hotels and home count.
Based on reports, 80% of patrons who joined OYO announced high demand digitally and gave them greater exposure. Companies who joined with the help of OYO 360have expressed 95% online booking take their revenue and profits to a whole new level.
OYO 360 has completely changed the long process of onboarding to the simple two-click 30 minutes onboarding process. With this technology company is expecting fast growth in terms of its coverage and revenue. Moreover, this automated technology making things simple and easy for small businesses and home businesses.
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