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OYO hotels announces its foray into China

Business Finance

IANS  |  Gurugram 

OYO Hotels on Wednesday announced its foray into China with a strong focus on strengthening its hotel chain there, a company spokesperson said.

"With this launch, OYO Hotels is all set to substantiate its leadership in the market while working towards its mission of bringing great living spaces in the country in the form of well-designed small hotels while introducing best-in-class training and education in the sector," OYO said in a statement.

It has also initiated acquiring over 11,000 exclusive rooms in 26 cities including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others.

Commenting on the development, Ritesh Agarwal, Founder & CEO, OYO said: "After our successful overseas expansion and operations in Malaysia and Nepal, we are thrilled to offer OYO hotels' hassle-free and standardized stay experience to guests in China".

"The country's tourism industry is on the cusp of booming and flourishing wherein it enjoys a strong influx of both domestic and international tourists; also the market is as fragmented as the Indian hotel market," he said.

"With our expertise in managing chain of hotels backed by technological innovations, we will further continue to strengthen our footprint while empowering neighbourhood hotels to emerge in the same league as the big boys of hospitality," he added.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, June 20 2018. 20:12 IST