Budget hotel aggregator OYO Rooms is planning to venture into food technology business under brand OYO Cafe and also looking to provide housekeeping services, according to an Economic Times (ET) report.
As part of this strategy, OYO Rooms will aggregate its listed hotels’ kitchen for the food tech platform.
“Our partner hotels’ kitchens have excess inventory and we will see if we can utilise that and use food tech platforms like Zomato or Swiggy to distribute that food then that’s a revenue generation potential for our partner,” said Maninder Gulati, head of strategy and corporate development at OYO in the ET article.
These two companies along with Yatra, have blocked OYO Rooms and its competitor Zo Rooms as they want to protect their share in the hotel bookings space, which is a high margin category.
Last month, ET reported that both the hotel aggregators OYO and Zo are in talks with investors to raise as much as $400 million.