Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 13 2019

Oyo to invest Rs 1400 crore in India

The hospitality chain has also launched the Collection O brand, targeted at millennial travellers.

Oyo to invest Rs 1400 crore in India

Oyo Hotels & Homes is planning to make an investment of Rs 1,400 crore in India. The hospitality chain has also launched the Collection O brand, targeted at millennial travellers.

The investment is part of the company’s plan to further double down on expansion plans, improve customer experience and ensure an increase in continued asset owner success.

Ritesh Agarwal, Founder of Oyo Hotels & Homes, said, "India has been our key home market. Today, we are the largest hotel operator in this country and that too by a margin, with 176,000 leased and franchised keys under management. We are committing over Rs 1,400 crore for technology investments, renovation, and managing investments for the calendar year, and will provide more, if needed, to help the team ensure continued economically efficient growth."

Besides Collection O, the portfolio includes Oyo Rooms, Townhouse, SilverKey, Capital O and Palette Resorts.

Aditya Ghosh, Oyo's Chief Executive for India and South Asia, stated, "Oyo is not an aggregator, OTA (online travel agency), Certification Company, or a booking portal but a full-scale hotel chain that is growing 14 times faster than other marquee hotel brands in India."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Competitive Exam Coaching Institute
    NeoStencil, Inc is a USA based Education Technology company with..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Healthcare Products
    We are an hyper-local omni channel pharmacy chain operating in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Sweetshop
    About Us: Chhappan Bhog is a reputed name in premium quality..
    Locations looking for expansion West bengal
    Establishment year 1981
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • E-Commerce & Related
    It’s an online 2 offline marketplace platform for offline retailers..
    Locations looking for expansion Telangana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
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