Business Standard

We are betting big on OYO Living in India, says CEO Ritesh Agarwal

'We are in the early stages of rolling out our first OYO Townhouses in the US', said CEO Ritesh Agarwal

Ritesh Agarwal
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Ritesh Agarwal, CEO, OYO

Karan Choudhury
In a little over five years, OYO Hotels and Homes has become the biggest chain of leased and franchised hotel in the country. It has invested more than $150 million in the Southeast Asian market and is fast increasing its footprint in the US and Europe markets. In a conversation with Karan Choudhury, company’s Founder and group Chief Executive Officer (CEO) Ritesh Agarwal lays out his plan for 2019. Edited excerpts:


What is the company’s India expansion plan? Are your India operations profitable? 

India continues to be one of our core markets with existing coverage spanning over 200-plus cities

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