OYO UK Reports 15% Revenue Growth in 2024

Global travel technology company OYO’s UK operations reported a 15% increase in revenue in 2024 compared to 2023. The company’s Average Daily Rate (ADR) rose by 2%, while the broader market as reported by STR saw a decline of 2.8%. OYO’s per room revenue (RevPAR) increased by 4% compared to the market’s 4.5% decline.