How much would I cost to develop an app similar to OYO rooms?

This will be the most frequently asked question from budding entrepreneurs as they raise their thoughts about this lucrative market. As they get started with a restricted budget, they always tend to keep an eye on their budget. It is not possible to evaluate the cost of developing your application as it depends on various factors. However, you can arrive at an estimation by considering the requirements and drawing out a mind map for it. Your expenses will depend on the following factors:

Mobile platform:
The cost of developing an app like OYO rooms varies with the mobile platform. In reality, Android apps cost more than iOS apps as it demands more time and effort.

Mobile wallet:
As the number of digital transactions has significantly increased, people prefer to make faster checkouts. The users might feel some issues in using other payment gateways, and so it would be better to integrate an in-app wallet. Although it might increase the development cost, it has its own advantages.

UI/UX elements:
As you are developing an app for a broader segment of the audience, it is critical to maintaining a standard for your brand in the market. The UI/UX elements of your app must fancy customers with a plethora of options and innovative functionalities. In a nutshell, the app must be user friendly and engaging.

Development team:
It would be better if you research the market before hiring a development team, as they play a significant role in determining the future of your app. Go for a team with positive reviews and a high reputation in the market. Ensure that your team integrates the best-in-class features into your OYO rooms clone app.

Discuss your business requirements with them to provide a clearer picture of your vision and to get expected results. Your team will analyze the requirements and current market standards to build a reliable app.