Ritesh Agarwal was an entrepreneurial teen in India who loved to travel. So he created a travel search engine.
One obstacle to growth was the subpar customer service provided by the local hotels.
So he tried something novel: he helped hotels improve. He modernized their lightbulbs. Rewarded staff when customers gave high reviews. Etc.
It worked. Hotel owners loved the new, higher occupancy. When Ritesh created a franchise option for them, they signed up.
Today you can see his company’s name – OYO – on hotels all over the world, which led OYO to a multi-billion dollar valuation.
One obstacle to growth was the subpar customer service provided by the local hotels.
So he tried something novel: he helped hotels improve. He modernized their lightbulbs. Rewarded staff when customers gave high reviews. Etc.
It worked. Hotel owners loved the new, higher occupancy. When Ritesh created a franchise option for them, they signed up.
Today you can see his company’s name – OYO – on hotels all over the world, which led OYO to a multi-billion dollar valuation.
Ritesh Agarwal is the founder of OYO, the multinational hospitality platform
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https://mixergy.com/interviews/oyo-with-ritesh-agarwal/
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