Hospitality firm Oyo on Wednesday said it has become the second-largest hotel group in China within 18 months of its foray into the country,
with presence in 320 cities and nearly 10,000 Oyo-branded hotels with 450,000 rooms.
With second-tier cities at its core, Oyo Hotels’ chain extends deep into China’s tier-2 to tier-6 cities, the company said in a statement.
Over 97% of franchisee partners have come back and renewed their contracts, a testament to the impact the company has had on their business both at occupancy and revenue levels.
To ensure asset owners have improved visibility on potential customers from around the world,
Oyo Hotels is also exploring ways to collaborate with online travel agents such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms, it added.
Oyo Hotels and Homes currently has footprint in more than 800 cities across 24 countries.