OYO's Townhouse hotels enjoy over 90 per cent occupancy while witnessing a strong repeat from customers with nearly 50 per cent of them choosing to return to a Townhouse for their next trip, he added.
"OYO is an urban innovator that continues to innovate and transform the world for its customers. Our focus is on availability, affordability and predictability," Tandon said.
The company has been devising a new-age technology to map a customer's journey and standardising the experience for them, he added.
OYO has presence in over 500 cities across India, China, Malaysia, Nepal, the UK, the UAE and Indonesia.