Oyo expands its operations in China
Utkarsh Saurbh | Gadgets Now | Aug 6, 2018, 08:45PM IST
India-based budget hotel aggregator Oyo Rooms has expanded its operations in China. The company set up its operations in the country in November last year. In a span of nine months, Oyo claims to have grown its presence in China by 50,000 rooms in various Chinese cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others.
The company recently also launched hotels in Hulunbeier City, Sanya City and Hainan Province and says that Oyo Hotels is now a 1,000 hotel-strong chain in China covering 28 provinces, municipalities and autonomous regions.
Malaysia and Nepal are the other two international destinations where Oyo has presence.
Living spaces for middle-income class in tier-2,3,4,5,6 cities
The hospitality chain claims it’s working with hotels located in two, three, four, five and six-tier cities of the country while generating employment opportunities and has received an enthusiastic response in the market.
Commenting on the business performance, Ritesh Agarwal, founder and 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."
Oyo Room claims to be 100,000-exclusive-rooms-strong chain in India with presence in over 160 cities across the country. Between January and June 2018, the company claims that Oyo Hotels in India clocked 17 Million Booked Rooms Nights with new launches in cities including Kota, Mathura, Vrindavan, Kolhapur, Bareilly and Thekkady.
The company recently also launched hotels in Hulunbeier City, Sanya City and Hainan Province and says that Oyo Hotels is now a 1,000 hotel-strong chain in China covering 28 provinces, municipalities and autonomous regions.
Malaysia and Nepal are the other two international destinations where Oyo has presence.
Living spaces for middle-income class in tier-2,3,4,5,6 cities
The hospitality chain claims it’s working with hotels located in two, three, four, five and six-tier cities of the country while generating employment opportunities and has received an enthusiastic response in the market.
Commenting on the business performance, Ritesh Agarwal, founder and 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."
Oyo Room claims to be 100,000-exclusive-rooms-strong chain in India with presence in over 160 cities across the country. Between January and June 2018, the company claims that Oyo Hotels in India clocked 17 Million Booked Rooms Nights with new launches in cities including Kota, Mathura, Vrindavan, Kolhapur, Bareilly and Thekkady.
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