Gurugram-based Oyo began its China operations from November 2017.
Hospitality chain Oyo Hotels and Homes have over 1,80,000 franchised & leased rooms in China with more than 4,000 hotels in over 285 cities in less than one year.
Gurugram-based Oyo began its China operations from November 2017. China operates as a home market for OYO.
Ritesh Agarwal, Founder & Group CEO, OYO Hotels & Homes, said, "Buoyed by rapid economic growth, China’s burgeoning $150 bn hotel industry will continue surging ahead despite being fragmented. It enjoys a strong influx of both domestic and international tourists. With this economic boom, there’s a steep rise in the middle-income group where more than 500 million Chinese locals scout for good-quality accommodation at affordable prices. It is here that we at, OYO Hotels, are redefining China’s hospitality industry, which is also a home market for us, by creating a unique combination of predictability, standardization, quality, and affordability."
"We want to thank the government of China for its support. We are thankful to our business associates, asset owners, guests, 5,500 OYOpreneurs and 60,000 Chinese who are working at our hotels for their continued love and support in making our vision for China a reality. We strongly believe that our journey of adding value to the travel experience for the middle-income individuals while creating jobs and skill development has just begun," he added.