Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by lotsofpulp on Wednesday September 26, 2018 @05:23PM
(#18080394)
All of the current major brands inspect hotels frequently. I don’t see anything different Oyo is doing, other than being in a country where people are just starting to be able to afford midscale hotels with some quality control.
Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by jpatokal on Wednesday September 26, 2018 @10:16PM
(#18081689)
Oyo's trick seems to be that they're not building hotels themselves (which is obviously slow and very expensive), but they're applying branding & quality control to existing unbranded hotels and taking a hefty cut in exchange for distribution.
There are plenty of budget hotel chains in India (Treebo, Ginger, Lemon Tree, Fab, etc), some of which have been around for 15+ years, so obviously Oyo has done something right to leapfrog all of them.
Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by lotsofpulp on Thursday September 27, 2018 @04:03AM
(#18082770)
That's called franchising and I wouldn't call it a trick since many brands, especially restaurant and hotels, have been doing it for a long time.
Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by coldtea on Wednesday September 26, 2018 @05:23PM
(#18080399)
>- They are solving problem differently
So like thousands of businesses do?
>- 24 year old scaled a company to $5 billion value
And that makes it useful because? It shows that another few out of billions of 20-something might also be able to do it? We already knew that from Zuckerberg.
Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by dEnigma on Wednesday September 26, 2018 @05:24PM
(#18080408)
You can't downvote submissions, only flag them. Downvoting is reserved for comments.
Re:A 24-Year-Old Built a $5B Hotel Startup in Five Years
by cobalt on Wednesday September 26, 2018 @05:20PM
(#18080379)
you can only downvote with enough karma/rep/whatever it is here
- They are solving problem differently
- 24 year old scaled a company to $5 billion value
And of course you can downvote.