OYO’s growing faster overseas than it is in India—but it needs to watch out
9 April 2019 12:43 AM GMT
Beginning with Malaysia in 2016, the company has moved into some 10 countries.
- "Every country where we have got into with OYO hotels', the company has managed to increase the occupancy from 25% to 65% in less than three months on an average.
- We have reported consistent occupancy levels of 90% plus," an OYO spokesperson told Quartz.
- It operates there across more than 290 cities with 320,000 exclusive rooms and 7,000-plus buildings.
- "OYO's aggregator model works well overseas as a lot of good properties (hotels and homestays) are available there.