In less than a year of entering the Chinese market, Gurugram-headquartered budget hotel room brand OYO Rooms has built a base of over 50,000 rooms. This is almost half of the company’s entire inventory in India where it has been operational since 2013.
In this July alone, the SoftBank-backed company added over 25,000 rooms to its inventory in China. Even in the three months that ended in June, Oyo Rooms added a total of 47,000 rooms in China as compared to 34,000 in India, signifying a higher growth rate in the foreign market.
In his presentation to the investors on