OYO expands presence to over 500 cities in India

By: |
Updated: Sep 09, 2019 10:15 PM

On growth opportunities in India, Ghosh said: "We are less than 5 per cent of the total unbranded hotel and guesthouse market in India and there is massive headroom for growth now and in coming years.

Bengaluru, Delhi, Mumbai, Gurugram and Hyderabad lead in presence of hotels among metros, the statement said.

Hospitality firm OYO on Monday said it has expanded presence to over 500 cities across India with focus on tier 2 and 3 cities and smaller towns. This is in line with the company’s objectives of going deeper in existing markets and metros, while forming a stronger national network through presence in smaller towns, cities and popular tourist destinations, OYO said in a statement.

“At OYO Hotels and Homes, we are focused on strengthening our presence in India and South Asia, while enabling economic opportunities at every level and, not just across metros but also tier 2, 3 and 4 cities,” OYO Hotels & Homes India & South Asia CEO Aditya Ghosh said.

On growth opportunities in India, Ghosh said: “We are less than 5 per cent of the total unbranded hotel and guesthouse market in India and there is massive headroom for growth now and in coming years.” Bengaluru, Delhi, Mumbai, Gurugram and Hyderabad lead in presence of hotels among metros, the statement said. Manali, Ujjain, Siliguri and Jalandhar lead concentration of hotels among tier 2,3 and 4 cities, it added.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1BigBasket aims to go public in coming years, says co-founder & CEO Hari Menon
2PM Modi announces Rs 1,000-crore seed fund for startups
3PM Modi announces Rs 1,000 crore Startup India seed fund, launches weekly TV show Startup Champions