OYO Enters Chinese Market As Part Of Its Overseas Expansion Plans

In a statement OYO said, China is the company's third overseas market, after its successful venture into Malaysia and Nepal, where it has grown multi-fold.

OYO Founder and CEO, Ritesh Agarwal said, "After our successful overseas expansion and operations in Malaysia and Nepal, we are thrilled to offer OYO hotels hassle-free and standardised stay experience to guests in China."

Agarwal further added, "The expansion is in line with our mission of creating beautiful living spaces by empowering hotel owners to become better hospitality players while ensuring an end-to-end controlled experience for our guests."

The launch will provide an affordable and trusted stay option for both Indian and international tourists, business travellers and local city-dwellers, he added. The company has started operations in 26 cities in China including Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen, and Kunming, among others.