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Aug, 16 2019

In order to boost its European vacation rental biz, OYO plans to invest €300 million

The firm is targeting to expand the footprint of OYO Home, Belvilla and Dancenter brands across Europe.

OYO Hotels & Homes will be investing €300 million to strengthen its vacation home rental business in Europe. It will focus on building the largest vacation rental management service business in Europe

Currently, OYO Vacation Homes, part of OYO Hotels, is present in Europe through its recently acquired vacation rental management brands including Belvilla, Danland, and Dancenter along with Germany-based Traum-Ferienwohnungen.

Tobias Wann, Chief Executive Officer of OYO Vacation Homes, said, “To support our vision towards becoming the largest full-service vacation rental business, we will make significant investments to expand our footprint in the market.”

The firm is targeting to expand the footprint of OYO Home, Belvilla and Dancenter brands across Europe.

“With a goal of becoming the largest vacation rentals business in Europe, OYO Vacation Homes will continue to make significant investments in resourcing and manpower towards growing its existing footprint in the market,” Wann further stated.

OYO Vacation Homes has offices in Switzerland, Spain, Italy, Netherlands, France, and cities across Europe.

Maninder Gulati, Global Head, OYO Vacation and Urban Homes, & Chief Strategy Officer, OYO Hotels & Homes, added,  “With Europe spearheading the vacation and urban home rental trend globally, OYO Vacation Homes is uniquely positioned to capitalize on its experience and insights aided with OYO’s proven approach towards building the world’s largest global vacation rentals business.”

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