Explained: You can also print crores from OYO hotel, you just have to do so much work
OYO owner Ritesh Aggarwal’s idea made him a millionaire. They have earned millions of rupees by offering cheap rooms to people on an hourly basis, but did you know that you can also make money from OYO hotels? If you also want to make money from the OYO budget hotel chain, then this news might be helpful for you. Because in this news, we are going to tell you how you can do this job.
There are many revenues in the hotel business, but if you acquire OYO franchise, you can double this revenue. OYO is a hotel company through which you can increase the service of your hotel. You can also earn more profits. However, before acquiring OYO franchise, you will have to agree to some terms and conditions. Also, before taking OYO franchise, you must have complete information about it.
What is OYO’s business model?
OYO’s business model is like a normal aggregator. Customers don’t care whether the service is provided by OYO Rooms or a third party. OYO’s business is similar to UBER. Because the rent for its service and available rooms is already taken care of.
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If you want to start a tie-up business with OYO, you will have to pay Rs 2 lakh for it. It should have about 10 rooms, the hotel owner will manage the hotel, 20 percent of the profit will have to be shared, 80 percent of the revenue will be given to the hotel owner, the hotel owner will have to meet the expenses like salary, rent and maintenance on his own. In this you will be given franchise for 3 years, 5 years.
Apply like this
To take up OYO Franchise, you need to go to the official website of OYO first. There you have to click on the option of JOIN OYO. After clicking there you will have to give your name and mobile number. After this you will have to click on the option of requesting a call. Then you will get a call from OYO. Then you will be given complete information related to the property listing. After this, you can meet the OYO staff member, sign the agreement and complete the further process. After this, you can print thousands of rupees every month sitting at home.
Nowadays, OYO business is spread all over the country. If you acquire OYO franchise, you will get a lot of profit. Because everyone likes to stay in OYO rooms only. If you join OYO, your marketing will also be free. Apart from this, OYO Rooms is attracting people through its service. Due to this, the demand for OYO is increasing day by day. If you join OYO, you will get a lot of profit. You will get a lot of customers. With this, you will be able to earn maximum money.
OYO’s earnings
Today, Oyo has become the world’s largest hotel chain by connecting small, budget hotels built at famous tourist spots to the streets of pilgrimage sites. This new venture of Ritesh Aggarwal has announced its results and for the first time it has turned a profit. The company’s profit for 2023-24 was Rs 229 crore. The company has announced its profit at a time when it is going to enter the stock market by launching an IPO very soon.
The company’s results have been better than its expectations. It had expected a profit of Rs 100 crore in 2023-24. The company’s founder Ritesh Aggarwal also expressed his happiness over the company’s results on this occasion. The biggest lesson I have learnt over the last few years is to talk less and do more, he said in a statement. Our audited results have been made public after the Board’s approval. The company’s net profit has been Rs 229 crore, which is more than my earlier estimate of Rs 100 crore.
The business is also expanding abroad
The Oyo network is already the largest budget hotel network in the world. The company recently acquired French company K&J Consulting, which operates the premium home rental company Checkmyguest Group in Europe and has completed this deal via a share exchange.
Ritesh Agarwal Net Worth
No one can deny that Oyo Hotels has shaken up the hospitality world in India. Ritesh Agarwal, founder of Oyo Hotels, ranked second after Kylie Jenner on the list of the world’s youngest self-made billionaires in 2020. At the age of 24, Ritesh Agarwal launched Oyo Hotels. Today his net worth is $2 billion (Rs 16,462 crore). Ritesh Agarwal is the richest self-made Indian under the age of 40.
How does Sonu Sood earn?
Not only Ritesh Aggarwal but Bollywood actor Sonu Sood also earns a lot from OYO. Sonu Sood is the brand ambassador of OYO Hotels. The company also pays them money for this work. According to the information, Sonu charges between Rs 1-2 crore for the endorsement of a brand.
