It’s been just more than six months since OYO Hotels and Homes acquired European vacation rental brand @Leisure Group in a €360 million deal.
With that transaction, @Leisure CEO Tobias Wann became CEO of the new OYO Vacation Homes division and embarked on a path of rapid global growth.
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The business has more than 125,000 homes around the world through both a full-service management division and a self-service marketplace - and according to Wann, that is only the beginning.
In August, OYO announced it would invest $300 million in OYO Vacation Homes and since then the business has launched in the United States and added about 300 employees, with plans to bring in at least 700 more in the next year as it works to boost supply and consumer adoption around the world..
At The Phocuswright Conference in Florida in November, Wann sat down in the PhocusWire Studio to discuss what it has been like to become part of OYO’s hyper-growth culture, how OYO Vacation Homes plans to tackle the U.S. market and why it not only can but will become the global leader in vacation home rentals in 2020.
OYO Vacation Homes Tobias Wann on growth and big plans (PhocusWire @ Phocuswright Conference 2019)
* Check out this clip from Center Stage at the conference, featuring OYO Hotels & Homes' CEO, Ritesh Agarwal:
Keynote: OYO Hotels & Homes - The Phocuswright Conference