Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 15 2019

OYO aims to become world's largest hotel chain

The hospitality firm has set a target of 2.5 million rooms by 2023.

OYO aims to become world's largest hotel chain

OYO Hotels and Rooms is aiming to have a 1 million room inventory from the existing count of 4.6 lakh. This move will help OYO to become the "world's top player from number three now".

Aditya Ghosh, OYO’s CEO, India and South Asia, said, "We will have one million rooms inventory into our fold in the near distant future. I think, it should happen in a year and a half." 

The hospitality firm has set a target of 2.5 million rooms by 2023.

Currently, OYO has over 13,000 franchised and leased hotels, and more than 450,000 rooms, adding over 64,000 rooms every month, globally.

A company official said, "In India, we have over 8,700 leased and franchised hotels, and more than 164,000 rooms." 

OYO owns inventories through the franchisee or lease operation model. The firm has presence in seven countries. It is planning to expand to at least 15 countries with focus on Asian nations. 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Express Food Joints / Drive Through
    About Us: Format Investment Brand Fee Space Staff Exp. Monthly Sal..
    Locations looking for expansion Punjab
    Establishment year 2012
    Franchising Launch Date 2013
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ludhiana Punjab
  • Competitive Exam Coaching Institute
    About Us: E SCHOOL is an IELTS education institute providing coaching..
    Locations looking for expansion PUNJAB
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 3500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BATHINDA PUNJAB
  • About Us: WHERE GREAT FOOD AND GREAT FRIENDS COME TOGETHER!! "People, Planet..
    Locations looking for expansion Delhi
    Establishment year 1987
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Preschools
    About Us: Trio Tots is an emerging chain of preschools nurturing..
    Locations looking for expansion Karnataka
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 2400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities