OYO to inject $ 300 m in U.S. for further growth

Published on : Thursday, June 20, 2019

 

OYO announced it intends to invest $300 million over the next few years in the U.S.  to cater to growth, talent acquisition, competency building and infrastructure development.

 

 

At present OYO is managing more than 50 hotels across 35 cities in the U.S. which includes Dallas, Dallas, Houston, Augusta, Atlanta and Miami. It is further looking to expand in cities like New York, Los Angeles and San Francisco.

 

 

Two brands OYO Hotels and OYO Townhouse will be driving the growth and on an average it plans to add one hotel building per day.

 

 

OYO Hotels and Homes Global COO Abhinav Sinha said that they already have 50 plus OYO Hotels across 35 cities and 10 States and to celebrate their growth,they  plan to invest $300 million over the next few years.

 

 

OYO’s newest home market U.S. now sees a good business growth and  the company is further integrating its cutting-edge technology to improve services, enrich travellers and city dwellers’ experience.

 

 

OYO Founder and CEO Ritesh Agarwal said that as a full-scale hotel chain, they  strive to bring real value to both real estate owners and guests. They were convinced there is unlimited potential for rapid growth in their newest home market, the United States.

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