OYO Rooms, also known as OYO Hotels & Homes, is an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces. It was founded in 2012 by Ritesh Agarwal and initially consisted mainly of budget hotels. As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries. OYO targets existing, underperforming budget hotels and rebrands them as OYO franchises. The company then streamlines back-end reservations, manages pricing and technology services, monitors standards on a host of parameters from cleanliness to Wi-Fi availability and, crucially, drives bookings through OYO’s mobile app. OYO offers clean rooms with basic amenities and dirt-cheap prices that typically run under $50 a night. In addition to hotels, OYO also offers homes and living spaces.