- Minimum price guarantee scheme safeguards revenue against market volatility
- 130 hoteliers have joined the program, signaling strong start
- The company currently has operations across 60 Mexican cities
MEXICO (December 27 de 2024). Global travel technology company OYO has announced the launch of Price Pledge, a new minimum price guarantee program in Mexico, which is designed to safeguard hotel owners’ revenue against market volatility and technical disruptions.
An OYO hotel in Oaxaca, Mexico. The company operates properties across 60 Mexican cities
Following a successful six-month pilot, Price Pledge has already enrolled 130 hotel partners across Mexico. The program, exclusively available to OYO’s existing hotel partners, automatically compensates owners for any price disparities caused by synchronization delays or channel-specific promotions on external platforms. During the pilot phase, the program protected revenues for one in every six OYO hotel partners.
This initiative comes as OYO continues its strong growth trajectory in Mexico, where the company has expanded its portfolio by 45% this year. Currently operating across 60 cities including Mexico City, Oaxaca, Puebla, Cancun-Playa Del Carmen and Los Cabos, OYO has demonstrated particularly robust growth in the capital city.
“Price Pledge reflects our commitment to innovation in the hospitality sector. We understand that stable, predictable revenue is crucial for our partners’ success. This program ensures that our hotel owners can focus on delivering exceptional guest experiences while we handle the complexities of digital pricing,” said Nishant Boorla, VP & Country Head – LATAM, OYO.
“In today’s dynamic market, price consistency across platforms is crucial for hotel owners. Price Pledge eliminates the stress of monitoring multiple channels and guarantees our partners the best value for their properties.”
The program strengthens OYO’s position as one of Mexico’s leading hospitality partners focused on revenue maximization and operational transparency. Price Pledge takes full responsibility for addressing price discrepancies caused by synchronization failures or partner-specific promotions applied by other sales channels.
Andrea Alcantara, owner of the Capital O Parador Crespo Hotel in Oaxaca, said: “Since partnering with OYO, our occupancy rates have increased significantly, and now with Price Pledge, we have even more confidence in our revenue stability. The program provides peace of mind knowing that OYO actively protects our pricing across all platforms.”
OYO’s technology-driven approach has consistently delivered value for its hotel partners in Mexico through increased occupancy rates, enhanced visibility across booking platforms, and streamlined operations, with partners benefit from OYO’s dynamic pricing technology, global distribution network and 24/7 support.
About OYO
OYO is a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 175K hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia. For more information, visit here.
Press contact
Dhruv Munjal
Fuente: Central de Noticias AndeanWire
Source: Aw News Center (Latinoamérica)
