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OYO hotels in Malaysia record 60% revenue growth in second half of 2023

OYO added 70 new live hotels in Malaysia from January-June 2023 in Malaysia These hotels recorded average 60% growth on revenue in July-December 2023 period as compared to January-June 2023 period Apart from key regions such as Kuala Lumpur, Malacca, Kota Kinabalu, OYO expanded its footprints in upcoming tourist destinations like Marang, Tambunan etc. Growth can be attributed to increased number of partnerships with additional online booking platforms and investment in technology upgradation to boost bookings that convert in stays Global hospitality technology company OYO has announced that its hotels in Malaysia have recorded 60% revenue growth in the second half of 2023 in comparison to the preceding six months. OYO added 70 hotels in Malaysia from the January-June 2023 period, these hotels recorded average 60% growth on revenue in July-December 2023 period as compared to January-June 2023 period. These hotels are in some of the most prominent tourist centers in Malaysia that includ...