OYO Rooms to offer service apartments & homestays by 2017-end

OYO Rooms is betting big on this category, which will come under its budget brand & is in advanced talks for partnerships with various real estate players for the vertical.“Service apartments is a huge opportunity. We are doing a lot of work there (and) are signing very large partnerships,“ Ritesh Agarwal, founder of OYO Rooms told ET. Agarwal is looking to launch this segment in about six months. “For the new apartment category , we are currently (finalising) partnerships with real estate builders," he added.

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