Kingdom of Beds - Hot Seat with Ritesh Agarwal | 2019
ฝัง
- เผยแพร่เมื่อ 6 ต.ค. 2024
- Ritesh Agarwal (CEO Oyo Rooms), Martin Meyer-Gossner (Moderator)
OYO launched in 2013 in India but has rapidly expanded to the U.K., Middle East, China, Southeast Asia, U.S, and most recently to mainland Europe through the acquisition of @Leisure. The company has also raised significant funding rounds including $1 billion led by Softbank in 2018 and more recently with the Founder, in a landmark move investing over $2 billion dollars. What began as a budget hotel platform by then 19-year-old Ritesh Agarwal has today grown to the world's second-largest hospitality chain, encompassing hotels, resorts, holiday homes, and corporate accommodation. OYO has made no secret of its ambition to become the largest hotel chain in the world. Let's bring Ritesh on our hot chair and we talk about his success secrets.
Debate Stage, 11. September 2019, 11:55 - 12:20
Track: Business
He still have the childish act going on within him which is cute. He is quite nervous but not showing much. I was so scared 👌👌
@Kenny Rabbit now he is 27 years old... Google kar lo
Proud of Odisha, India...so inspiring 😀
Ritesh is from our state Odisha, India. A great man
He is a good speaker .
You are the best person for all the students
Thank you very much
God bless you
He is so humble person ..great work keep it up
I just started to watch but I came to comment to say that Im getting jealous of the Voice of the Anchor..
same here
One of my inspiration 💯
Ritesh aggrawal from my home town Bissamcuttack, Rayagada ( Odisha _India)
Good work bro.god bless you..
Great conversation
He has an impressive command of hindi and english
wait a time and patience a sucess
How positive...
What kind of seat arrangement..🙄
He feel uncomfortable to talk...He is a entrepreneur ..don't do this
Instead of the anchor they could have fixed a record speak.
Guten Tag!
Hallo. :)
Ritesh
Not Richest....😉
He should avoid this kind of interviews, no make much sense
Few Facts:
Good:
1- The Only good thing He did - He raised good amount of money and took investor/employees/Landlord in confidence.
Bad:
2- He always market himself in News paper & Television Media & Social Media about his hard days - which he never had. He cheated his first partner who invested money in OYO... and he got nothing.
3- The whole idea of OYO sharing hotels went to Zero - as you can see - in the intial phase they had tie up with good hotels in every city - Now All good hotels have kicked them out - Now you can see oyo signage at any dhaba or any house with 3 rooms also - there is no standard.
4- They did few things wrong= First they offered free room to everyone at the tie up hotels - so that they can have entire india customer data - then once they have data and everyone downloaded their app they started increasing commission rate on hotels and customer always use to pay to them then they deduct the amount and transfer to hotels but then slowly slowly they increased the commission and started delaying their payments.
then they started coming up with their own properties and starred shifting the customer to their residential properties.
( Please note entire hotel industry is made on commercial land which is costly and oyo has made its properties on residential land - these are guest house (passed under common weatlh games )
5- The entire top management of OYO is corrupted - the take commission in land deals , Purchase like signage, promotional products, interiors etc....whatever the purchase is. only handful vendors deals works with them who have commission set inside.
for example - a tshirt which cost Rs 100 to 120 is billed at More then Rs 150 to 200.
why signage are changed more then 3 to 4 times?
6- Because of corruption these people have made good money through investor / purchases/ not paying commission to hotels / etc
Result:
Now its a loss making company , they have fired most of their staff...but he is stil promoting himself.
he has not solved any problem - he has opened his new location in residential land where as hotels needs to be opened in commercial lands - he called himself hotels only verbally but its a guesthouse ...
Investor - please dont invest
People- Please do not work for them
Landlords - please do not invest in their ideas
it has a total of 0 rooms, its an online travel booking website with some terrible hotel with fake photos
Ritesh sir you will make a very good pair with Kiara Advani (Bollywood actress).
@Learnwithjashpal