How Much Does It Cost to Develop an App Like OYO?

Creating an app like OYO is much more than just the features, the technology stack, the design, and maintenance. These factors are critical for estimating overall costs. This blog is a holistic guide to the price structure in developing an excellent hotel booking app according to your needs.

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OYO – A Brief History

OYO was started in 2013 by Ritesh Agarwal, a budget hotel aggregator offering standardized, affordable accommodations. From one property in Gurgaon, India, it quickly scaled up through innovative business models and a strong focus on technology.

In the year 2015, it traveled all over India and was able to deliver uniform quality and value for a traveler. It spread internationally into Southeast Asia, Europe, and the US before becoming one of the biggest hospitality chains in the world. With the help of its easy app and dedicated vision of transforming fragmented hospitality spaces, OYO continues revolutionizing the industry for affordability, technology, and seamless experience of guests into one.

Features of an OYO-like App

To make an OYO-like app successful, it needs to have the following necessary features for functionality and user satisfaction:

• User Registration/Login: Sign up should be quick, either through email or social accounts.

• Interactive Map Integration: Find nearby properties easily.

• Room Listings: Detailed descriptions, images, and amenities for each property.

• Booking History: Past and upcoming bookings at a glance.

• Dynamic Pricing: Room rates should be adjusted according to demand and season.

• Push Notifications: Alerts for discounts, booking confirmations, and updates.

• Multi-language Support: Cater to global users with language options.

• Feedback System: Allow users to share their experiences.

OYO Rooms Technology Stack

• Platform: Android, iOS, and Website

• Web/Mobile App Development Languages: JavaScript, Java, Kotlin, Objective-C, Swift, PHP, Python, Node.js, Angular, Xamarin

• Interface: REST API, Slim Framework

• Database: Firebase, MongoDB, MySQL, Redis

• Web Server: Nginx

• Maps Integration: Google Maps API

• Payment Gateways: Paytm, Mobikwik

• Real-time Analytics: Hadoop, Spark, BigData, Apache Flink

• Traffic Analysis Tools: Google Analytics, Mouseflow, New Relic

The Business and Revenue Model of OYO Rooms

OYO Rooms is a dual business model wherein it uses the Aggregator Model and the Franchise Model to reach out to people and generate revenue.

Aggregator Model

OYO lists independent hotels on its portal. The hotels remain the owners of the property but benefit from OYO's brand, technology, and booking system. The company earns a commission from each booking made through its platform.

Franchise Model

OYO also offers franchises, where hotel owners embrace the OYO brand and operational model. OYO earns a percentage of the revenue or a fixed fee per property.

This model allows OYO to expand rapidly with minimal investment while maximizing revenue.

Cost of OYO Rooms App Development

Developing a kind of app like OYO would include various criteria, such as features, design, technology, and complexity. Developing a strong hotel booking application like OYO usually charges about $90,000, considering the front-end and back-end development integrated with dynamic pricing, secure gateway payment, management of bookings, and real-time notifications, among others.

The cost also covers quality assurance, cloud infrastructure, and post-launch maintenance. The customizations may depend on the specific requirements, such as multi-language support and AI-driven recommendations. Osiz, a leading app development company ensures that it always comes up with solutions that have cost-effectiveness with scalable security and user experience for the best ROI.