Oyo opens development centre in Hyderabad
Hospitality aggregator Oyo on Friday opened its tech development centre in the city to tap the talent pool available here and develop technology for its operations.
Hyderabad: Hospitality aggregator Oyo on Friday opened its tech development centre in the city to tap the talent pool available here and develop technology for its operations.
Telangana IT Minister K T Rama Rao inaugurated the centre which will eventually employ 300 technology professionals in a year. It will focus on machine learning (ML) and artificial intelligence (AI) to strengthen Oyo’s technology leadership.
“Oyo is a story of entrepreneurial spirit and innovation, bringing out a paradigm shift in the Indian hospitality space. Encouraged by Telangana’s conducive environment, Oyo has not only set up its new engineering facility, but is also exploring various avenues of partnership here,” the IT Minister said after the inauguration.
Pointing out that Telangana was endowed with numerous tourism attractions in the districts, he advised Oyo to tap tourism potential in Warangal and Nagarjuna Konda.
Ritesh Agarwal, Founder & CEO, Oyo, said the newly-opened Hyderabad centre would soon emerge as the biggest development centre for his company.
“The centre will enable us to achieve better efficiency in asset management, customer service and distribution. It will also focus on transformational and innovative projects which will come in handy as we grow. Given the talent pool here, we see our Hyderabad centre emerging bigger than our existing tech centre in Gurgaon,” he explained.
On the expansion plans, Agarwal said efforts were underway to increase the number of rooms from the existing 70,000 to over 80,000 in a year. “In the same period, our key count in Telangana will increase from 3,500 to 10,000. Still, there will be huge untapped potential as the State is home to 3 lakh hotel rooms,” he observed.
Oyo signed a memorandum of understanding (MoU) with National Institute of Tourism and Hospitality Management (NITHM) to boost employability in the hospitality sector by leveraging Oyo’s expertise in this space. Both the entities will develop a hybrid learning programme.