OYO Hotels Makes Its Entry Into China's Hospitality Market

OYO Hotels has finally announced its foray into the hospitality industry of China officially. Its current chain comprises of over 11,000 exclusive – franchised or manchised – rooms in 26 cities. The list includes Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming among others.

Earlier in May this year, reports surfaced about OYO’s expansion to China, operating in eight hotels with a total of 400 rooms.

With its foray into China, OYO is set to compete with well-established hospitality players in the country like GreenTree Inns, Motel 168, 7Days Inn, and Home Inns.

Commenting on the development, Ritesh Agarwal, Founder & CEO – OYO said, “China’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.”