* OYO’s tech offerings using Microsoft’s cloud and AI capabilities will be available for patrons who operate small and medium hotel and home storefronts globally
OYO to develop Smart Room experiences for travellers such as premium and customized in-room experiences, including self-check-in, self-KYC, IoT-managed smart locks and virtual assistance using Microsoft Azure IoT
Enhanced AI-based models will offer personalized insights and pricing predictions to drive higher business efficiencies and revenues for hotel and homestays
Microsoft and global travel technology company OYO have entered a multi-year strategic alliance to co-develop next-gen travel and hospitality products and technologies. OYO will adopt Microsoft Azure as a key enabler to drive cloud-based innovations and reimagine the hospitality and travel tech industry. The solutions will be geared to benefit patrons who operate small and medium hotel and home storefronts. Microsoft has also made a strategic equity investment in OYO.
Small and independent hotels and homeowners across the world will have access to OYO’s latest technology to manage their guests’ experience, increase revenue, and run operations seamlessly with the security and scalability of Microsoft Azure. The pandemic has brought about massive shifts in consumer behaviors while booking travel, including preferences for platforms that enable social distancing, local travel, flexibility, faster booking and improved customer experiences. Such changes have accelerated the way small and medium hotel businesses operate, leading to a slew of pioneering technologies and higher tech adoption, which will further shape the future of hospitality.
Abhinav Sinha, Global COO & Chief Product Officer - OYO Hotels & Homes said, “We are excited to join hands with Microsoft in our constant endeavor to improve business opportunities for the small and independent hotel and home owners, and to redefine experiences for travellers. Our patron app ecosystem provides a ~1.4-2.4X lift in revenues for new hotels and homes that join the OYO network. We do this through our products, and application of (Machine Learning) ML and (Artificial Intelligence) AI, be it running millions of pricing optimizations per day to increase revenues or enabling users to book an OYO within seconds. Our technology and products have helped our patrons drive operational efficiencies and continuously improve the experience for our guests. This alliance with Microsoft will accelerate the deployment of our products in the hands of small businesses we work with, allowing us to create even more impact through an integrated technology ecosystem available on the cloud for businesses in the remotest corners of the world. For our guests, this alliance will mean more personalization, better choices, differentiated experiences and an improved guest experience in the future. Microsoft’s commitment is further strengthened by the equity investment in the company.”
As part of this alliance, OYO will develop Smart Room experiences for travellers on the OYO platform, such as premium and customized in-room experiences for its guests. Using Microsoft’s Azure IoT, the experience will include self-check-in supported by a digital register of arrivals and departures and self-Know Your Customer (KYC) along with IoT-managed smart locks and virtual assistance.
“Combining the power of Azure with the tech and product stack developed by OYO, we are looking forward to accelerating innovation in travel and hospitality,” said Anant Maheshwari, President, Microsoft India. “It is inspiring to see how the Microsoft cloud is empowering digital natives like OYO to accelerate industry transformation and innovations, turning the challenges of a post-pandemic era into opportunities for the future.”
The alliance includes deep technological engagement between the two companies. Besides co-innovating, OYO will also begin to share existing workloads to Microsoft Azure, adopt the Microsoft 365 suite for better collaboration and productivity and switch to Github Enterprise for accelerating tech development in a secure manner. In a bid to make OYO’s technologies easily accessible across the world, the company is also working on several products to ease patron onboarding.
OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology that increases earnings and eases operations; bringing easy to book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate hotel and home storefronts across India, Europe and Southeast Asia and 35+ countries.
About Microsoft India
Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more. Microsoft set up its India operations in 1990. Today, Microsoft entities in India have over 16,000 employees, engaged in sales and marketing, research, development and customer services and support, across 11 Indian cities – Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Noida and Pune. Microsoft offers its global cloud services from local data centers to accelerate digital transformation across Indian startups, businesses, and government organizations.