India’s Oyo is the ‘second-largest hotel group in China’
The hospitality group claimed that it was able to achieve this within ‘18 months of its entry into the country’
Indian hospitality group Oyo Hotels is now the “second largest hotel group in China”, the Softback-backed company announced.
According to officials, the group was able to achieve this within 18 months of its entry into the country.
The Chinese subsidiary of the hospitality group — OYO Jiudian — said that it is now present in 320 cities, and has about 10,000 hotels and 450,000 rooms under management, surpassing its peers such as Home Inn and Hanting, among others.
At the end of 2018, Oyo revealed that it had more “180,000 franchised and leased rooms in [more than] 4,000 hotels under franchise, manchise and leased format across [over] 285 cities in China, including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen, and Kunming, among others”.
A few months ago, Oyo hotels expanded its profile by acquiring Chinese rival Qianyu.