On Thursday, the hospitality tech platform OYO announced the launch of an accelerator programme that will offer chosen small first-generation hoteliers financial support, mentoring, and guidance.
Owners of hotels with more than five currently operating properties are qualified to participate in the accelerator programme.
According to OYO, more than 200 properties are anticipated to join this programme in important business hubs like Bengaluru, Hyderabad, and Chennai in south India; Delhi, Gurugram, and Noida in the north; Kolkata and Siliguri in the east; and Mumbai in the west.
OYO has onboarded two hoteliers in Hyderabad, one in Kolkata, and one in each of Delhi during the programme's pilot period, which began two weeks ago. These hoteliers are in charge of more than 50 properties spread out across these cities.
OYO's accelerator programme will offer financial support, access to a pan-India network of over 15,000 corporate accounts and over 10,000 travel agents, mentoring and guidance, committed relationship managers, and active monitoring of hotel level dynamic pricing, according to the company.