Insta
OYO Tames The Dragon, Claims To Be Second Largest Hospitality Chain In China
OYO Rooms CEO, Ritesh Agarwal. (Ramesh Pathania/Mint via Getty Images)
OYO, India’s largest hospitality company, has now become China’s second largest hotel chain, the New Indian Express reports. The company in a statement on Wednesday (22 May) said that it had overtaken some of China’s most prominent brands- Home Inn and Hanting to become the second biggest hotel company in the country.
Speaking on the same, OYO China COO, Sam Shih said: “We have ensured you can get a great living space in less than RMB 150 ($22) where every day, over 2,00,000 heads are on OYO Jiudian pillows due to the great experience and low cost.”
Sam added that “To ensure asset owners have improved visibility on potential customers from around the world, OYO Hotels is exploring ways to collaborate with online travel agents such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms.”
The hospitality chain boasts of 97 per cent renewals of franchise partners with a two-time increase in occupancy. It also claimed that most or all of the asset owners who joined OYO for three months or more had come back.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
