Ritesh Agarwal, Founder & Group CEO at OYO
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Marketplace
Not Publicly Disclosed/mo
Not Publicly Disclosed ARR

Ritesh AgarwalFounder & Group CEO

In this interview, Ritesh Agarwal discusses why global tourism is entering a new growth era driven by AI, rising prosperity, and increased travel demand. He explains OYO's international expansion, the need for smarter tourism regulations, Europe's opportunities, India's growing tourism economy, and the importance of resilience, entrepreneurship, and long-term thinking when building global businesses.

Ritesh Agarwal

Ritesh Agarwal

Founder & Group CEO

OYO

OYO

Founder Stats

  • Marketplace
  • Started 2012
  • Not Publicly Disclosed/mo
  • 1300+ team
  • Gurugram, Haryana, India

About Ritesh Agarwal

Ritesh Agarwal is the Founder and Group CEO of OYO, one of the world's largest hospitality technology platforms. After becoming a Thiel Fellow at a young age, he launched OYO to make affordable accommodation more accessible. Under his leadership, the company has expanded across India, Europe, Southeast Asia, and North America while becoming one of India's best-known global startup success stories.

Interview

July 9, 2026

Q

Why do you believe tourism has such a strong future?

Question 1 of 13
Ritesh Agarwal

AI will make people more productive, giving them more time and greater purchasing power. That combination will encourage more travel worldwide, making tourism one of the fastest-growing industries.

0
Q

What should governments do to prepare for tourism growth?

Question 2 of 13
Ritesh Agarwal

Governments should invest in infrastructure, talent, and clear policies while planning ahead for the challenges that come with growing visitor numbers.

0
Q

How did OYO begin?

Question 3 of 13
Ritesh Agarwal

The business started from a personal experience. Growing up, affordable hotels were difficult to access, and family trips often meant staying with relatives. OYO was created to provide affordable, independent travel options.

0
Q

What does the name OYO represent?

Question 4 of 13
Ritesh Agarwal

It represents independence—giving travelers the freedom to stay wherever they choose without depending on relatives or expensive hotels.

0
Q

How has OYO evolved since its launch?

Question 5 of 13
Ritesh Agarwal

It started with budget hotels in India and has grown into a global hospitality platform managing hotels, apartments, and holiday homes across Europe and other international markets.

0
Q

Is overtourism becoming a serious issue?

Question 6 of 13
Ritesh Agarwal

Yes. Tourism creates economic value but also introduces housing, infrastructure, and community challenges. These issues should be addressed through thoughtful regulation rather than reactive policy changes.

0
Q

What kind of regulations work best?

Question 7 of 13
Ritesh Agarwal

Consistent, transparent regulations that encourage licensed accommodations, accountability, and guest verification while remaining practical for global operators.

0
Q

What makes Europe a tourism leader?

Question 8 of 13
Ritesh Agarwal

Europe combines history, culture, natural beauty, and infrastructure better than almost anywhere else, making it one of the world's strongest tourism destinations.

0
Q

What challenges does Europe face?

Question 9 of 13
Ritesh Agarwal

AI is changing how travelers discover destinations, accommodation registration should become more standardized, and business regulations across Europe could become more unified to encourage investment.

0
Q

Why are you optimistic about India's tourism sector?

Question 10 of 13
Ritesh Agarwal

India has one of the world's largest populations, a rich cultural heritage, rising incomes, and growing outbound and domestic travel demand, creating significant long-term opportunities.

0
Q

How do international trade agreements help startups?

Question 11 of 13
Ritesh Agarwal

Trade agreements create easier access to new markets, strengthen investment opportunities, and encourage stronger economic partnerships between countries.

0
Q

What qualities do you look for in entrepreneurs?

Question 12 of 13
Ritesh Agarwal

Passion is important, but resilience matters more. Founders who have overcome difficult situations are usually better prepared to build lasting companies.

0
Q

What does OYO's recent IPO journey represent?

Question 13 of 13
Ritesh Agarwal

It demonstrates that entrepreneurs from small towns with limited resources can build globally competitive companies through persistence, technology, and long-term execution.

0

Video Interviews with Ritesh Agarwal

Ritesh Agarwal, Founder and CEO, OYO | Leaders Talk

Ritesh Agarwal, Founder and CEO, OYO | Leaders Talk

Ritesh Agarwal, Founder and CEO, OYO | Leaders Talk

Ritesh Agarwal Latest Interview at #ETCIOAC24 | Leadership talk with Ritesh Agarwal, Founder OYO

Ritesh Agarwal Latest Interview at #ETCIOAC24 | Leadership talk with Ritesh Agarwal, Founder OYO

CNBC Interview – OYO CEO Ritesh Agarwal

CNBC Interview – OYO CEO Ritesh Agarwal

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