August 7, 2018 TnH Global 1

OYO enjoys robust business growth

OYO enjoys robust business growth, witnesses huge market potential in China while continuing its dominance in India.

OYO Hotels now a 1,000 hotel strong chain in China covering 28 provinces, municipalities and autonomous regions
Primary focus on providing quality living spaces for the middle-income class in tier-2,3,4,5,6 cities
Provides cost-effective, beautiful living spaces within RMB 100-200

OYO has expanded its presence after launching in China in November 2017. In a brief span of nine months, OYO has grown its presence in the country by 50,000 exclusive rooms with a strong presence in cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others. With the mission of creating beautiful living spaces and generating employment opportunities from the grassroots level, OYO Hotels with its unique business model has captured a commendable share of the hotel market in China. It recently launched its exclusive hotels in Hulunbeier City, Sanya City and Hainan Province.

The hospitality chain has a deep focus on adding value to the experience offered to the guests through the means of quality accommodation. For the same, it is working with hotels located in the two, three, four, five and six-tier cities of the Country while generating employment opportunities. OYO has received an enthusiastic response in the market. Commenting on the business performance, Ritesh Agarwal, Founder & CEO, OYO said, “We are thrilled and happy with the response OYO Hotels has received in China. It is well-established that there is a great demand for good-quality accommodation among the 400 MM middle income people in the country. July was a milestone month where we added 25,000 rooms to our chain and look forward to achieving a similar feat in the coming months. It’s been a truly exciting journey for us and we believe that the innovation and R&D being offered in China will assist us and the mission globally.”

With its unique business model, OYO works in close proximity with its hotel partners while ensuring a quality living experience to guests, promising benefits to both. In India, OYO has a 100,000-exclusive-rooms strong chain with a presence in over 160 cities with Malaysia and Nepal as the other two international destinations where the chain is present. Between January and June 2018, OYO Hotels in India clocked 17 Million Booked Rooms Nights with new launches in cities including Kota, Mathura, Vrindavan, Kolhapur, Bareilly and Thekkady while devising cutting-edge technology to support this growth. ”We are positive about our growth story in both India and China while fulfilling OYO’s mission of creating beautiful living spaces and changing the way people stay away from home.” Ritesh concluded.