OYO Vacation Homes appoints Raj Kamal as COO

Europe: Kamal has been appointed to the newly created management role to help accelerate business in the UK and Europe.

Kamal comes to OYO with more than 25 years of experience across financial services, investments, strategy and consulting.

He most recently served as global head of investments at PayU, the payments and fintech arm of Naspers Limited. Prior to this, Kamal was a partner with McKinsey & Company for 12 years.

In his new role, Kamal will work closely with Tobias Wann, CEO at OYO Vacation Homes.

Kamal said: “It’s inspiring to see how a truly global brand from India is reinventing living spaces. The company has achieved great heights in a short time, its leadership is among the finest in the Indian startup ecosystem. It will be my honour and privilege to work with the team. I look forward to the opportunity that lies ahead for the OYO Vacation Homes business in the UK and Europe, which are critical growth markets for the company. I am deeply energised by the dedication of thousands of OYOpreneurs who are driving guest and homeowner delight every day, and I hope to make a meaningful contribution to the business’ growth”.

Wann added: “I am excited about working alongside someone with the pedigree and gravitas of Raj. His deep industry knowledge, financial expertise, and business acumen will help us build a mission-driven organisation with razor sharp-focus on quality, service excellence and delivering a value-driven experience for our homeowners. Raj’s appointment marks the beginning of an exciting new chapter in OYO’s journey”.

OYO Vacation Homes is part of the wider OYO group, and is spread across 50 countries with over 125,000 homes and villas under management.

Maninder Gulati, chief strategy officer at OYO Hotels & Homes, said: “In 2019, OYO Vacation Homes opened its doors in Europe with the promise of delivering great choice and the quintessential OYO experience to guests from across the world travelling to Europe. In a short period of time, we are making good on our promise of delivering world-class value to homeowners. Guests from all over the world create everlasting memories at these homes and we have delivered 25-30 per cent more booking value over and above the existing value”.

“In the last three months, we have onboarded 400 exceptional professionals to our team and widened our customer reach by working closely with 50 of the top distribution partners, including all major global OTAs. We have also added over 1,500 new homes across popular holiday destinations such as Italy, Spain, Croatia, France, and Denmark. Our diverse talent who we call OYOpreneurs will continue to be the force behind this momentum, delivering a high-quality experience to guests and increased yield for asset owners”.

Gulati continued: “We are delighted to have Raj join our leadership team. Having someone of his calibre with a deep understanding of global businesses will be instrumental in accelerating our efforts in making OYO Vacation Homes the destination of choice for guests and a brand of trust for homeowners. Having known him, I have tremendous respect and appreciation for his leadership and execution abilities and am very excited to have him become an OYOpreneur”.

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