Indian hospitality and budget hotel network service provider Oyo is expanding its business in China, which is its third overseas market.
Oyo, which is owned and operated by Oravel Stays Pvt. Ltd, has more than 11,000 rooms across 26 Chinese cities, including Hangzhou, Xian and Guangzhou.
The company had entered China earlier this year, but disclosed its business only on Wednesday.
Oyo founder and chief executive Ritesh Agarwal said that after their successful overseas expansion and operations in Malaysia and Nepal, the management are thrilled to offer Oyo hotels’ hassle-free and standardized stay experience to guests in China.
The country’s tourism industry is on the cusp of booming and flourishing wherein it enjoys a strong influx of both domestic and international tourists.
Also, the market is as fragmented as the Indian hotel market. With their expertise in managing a chain of hotels backed by technological innovations, theyu will further continue to strengthen their footprint while empowering neighbourhood hotels to emerge in the same league as the big boys of hospitality.
Founded in 2013, Oyo operates in more than 150 cities across India, China, Malaysia and Nepal. The company is set to become a unicorn, a start-up valued at $1 billion or more, when it raises the next round of capital.
Tags: china, Hotel News, India, service provider
