Oyo Hotels & Homes, a chain of leased and franchised hotels, homes, living and workspaces, has announced the appointment of Harshit Vyas as the Chief Business Officer, India.
This appointment is in line with the company's efforts to invest in world-class leadership and move a step closer to its goal of upgrading all forms of real estate and enabling middle-income travellers and city dwellers experience #LivingTheGoodLife.
One of the youngest CXOs in the hospitality industry, Vyas is an early OYOpreneur originally from Bhilwara, Rajasthan, who has been working closely with Ritesh since Oyo’s inception. In 2013, he joined the company as one of its first five core employees, focusing on business development for Oyo's first city launch in Gurgaon.
During his tenure at Oyo, he has led Oyo’s first foray in the international market as part of which he set up a team of local nationals, tested out various business models and built relationships with asset partners in Malaysia. Prior to his elevation as the Chief Business Officer, India, he was tasked with the role of Head of West Region, leading a team of over 2,000 employees. Under Vyas' leadership, the West Region has seen a high growth trajectory and become the fastest growing and most profitable business unit for the company.
In his new role as the Chief Business Officer, India, Vyas will report to Aditya Ghosh, CEO of Oyo, Hotels & Homes, India and South Asia, and will be responsible to drive execution of all business metrics, including supply, demand, and operations. He will have field teams across India reporting to him and will work closely with the central capability functions.
Aditya Ghosh, CEO, Oyo Hotels & Homes, India and South Asia, said, “At Oyo, we have resilient, robust and diversified leaders who have been with us since the very beginning. It gives me immense pleasure to announce that one of our first five OYOPreneurs, Harshit Vyas has now been appointed as the Chief Business Officer of Oyo Hotels & Homes in India. Even in the past one year, I have seen Harshit evolve continuously and become a true people leader with deep understanding of the ground realities and execution. I am confident that he will add tremendous value as part of my senior leadership team.”
He added, “Today, Oyo Hotels & Homes is present across 500 cities in India. As we continue to further our commitment of making #LivingTheGoodLife a reality for middle-income people around the world, we are fortunate to have a passionate team of leaders with an entrepreneurial mindset. Harshit has been a valuable asset for Oyo since its inception. With his extensive experience in business development and dynamic leadership skills, I am confident that he will deliver stellar value in accelerating Oyo’s next phase of growth in India. Big congratulations to Harshit.”
Commenting on his new role, Vyas said, “Starting my career with Oyo, it has had a great impact on my professional journey and shaped my leadership skills. Over the past five years, I have seen the organisation grow exponentially and am really proud to have been one of the early members of the team that laid the groundwork. As I step into the next chapter of my journey at Oyo, I would like to thank Ritesh, Aditya and all OYOpreneurs for being ever-inspiring as well as for this exciting opportunity. I look forward to working with the ground teams to strengthen our regional capabilities, drive growth, and contribute to Oyo’s mission to offer quality living spaces for everyone.”
Vyas is an Alumnus of IIT BHU. With over half a decade of experience in the hospitality industry, Vyas is passionate about mentoring aspiring business leaders through his talks at various reputed management institutes across topics ranging leadership, management, innovation, productivity and work culture. He is also a member of the Mumbai chapter of the Young Indians & Young leaders council by AIMA, where he is committed to mentor the youth and give them insights into the world of business.