In an era where innovation and technology are reshaping industries, Olive by Embassy stands out as a beacon of transformation in the hospitality sector. Co-founded by Kahraman Yigit, Olive by Embassy has rapidly evolved since its inception in 2019, offering next-gen living solutions tailored for young professionals and students. With a focus on hybrid hospitality models and leveraging technology to enhance guest experiences, Olive by Embassy is setting new standards in the industry.
Pioneering Hybrid Hospitality
Olive by Embassy has redefined the hospitality landscape by introducing hybrid models that blend traditional hotel services with modern co-living spaces. This innovative approach caters to the dynamic needs of millennials and Gen Z, who seek flexibility and community in their living arrangements. By transforming underperforming hotels into vibrant, multi-functional spaces, Olive has not only revitalized properties but also created a unique niche in the market.
The success of this model is evident in Olive’s impressive growth. In its first year, the company achieved a 300% growth rate, underscoring the market’s acceptance and the effectiveness of its strategy. Today, Olive boasts a portfolio of 1,050 keys with an 80% occupancy rate, and plans to expand further with 2,250 keys signed and 6,000 in the pipeline.
Technology plays a crucial role in Olive’s operations. From seamless check-ins to personalized guest experiences, Olive leverages cutting-edge tech to enhance every aspect of its service. This commitment to innovation ensures that Olive remains at the forefront of the hospitality industry, continually adapting to meet the evolving preferences of its target audience.
Expanding Footprint and Market Reach
Since its launch, Olive by Embassy has strategically expanded its footprint across major Indian cities, including Bengaluru, Mumbai, and Goa. This expansion is driven by a keen understanding of market dynamics and a commitment to identifying and capitalizing on growth opportunities. By focusing on high-demand urban areas, Olive ensures that it meets the needs of its primary audience—young professionals and students seeking quality living spaces.
The company’s growth strategy is not just about increasing the number of properties but also about enhancing the quality of its offerings. Olive’s properties are designed to provide a blend of comfort, convenience, and community, making them attractive to the modern urban dweller. Each property is equipped with state-of-the-art amenities and designed to foster a sense of belonging among residents.
Olive’s success is also attributed to its robust marketing and communication approach. By leveraging digital platforms and targeted campaigns, Olive effectively reaches its audience and builds a strong brand presence. This strategic approach has helped Olive establish itself as a leader in the co-living and hospitality space, setting the stage for continued growth and success.
Commitment to Service Excellence
At the heart of Olive by Embassy’s success is its unwavering commitment to service excellence. This commitment is reflected in every aspect of its operations, from the quality of its properties to the level of service provided to guests. Olive’s team is dedicated to ensuring that every guest has a memorable and enjoyable experience, which is achieved through a combination of personalized service and attention to detail.
Olive’s focus on service excellence extends beyond its properties to its corporate social responsibility (CSR) initiatives. The company actively engages in CSR activities, contributing to the communities in which it operates. This commitment to giving back not only enhances Olive’s reputation but also fosters a sense of goodwill among its stakeholders.
Looking ahead, Olive by Embassy aims to continue its journey of innovation and excellence. With plans to enter new markets and further expand its portfolio, Olive is poised to remain a trailblazer in the hospitality industry. By staying true to its vision of revolutionizing the industry through innovation, technology, and service excellence, Olive by Embassy is set to achieve even greater heights in the years to come.
