OYO becomes world’s third-largest hotel chain with 850,000 rooms

OYO Hotels & Homes has announced that the company has now emerged as the world’s third largest hotel chain (as per room count) as of June 2019. OYO has expanded its presence to 800+ cities, nearly 23,000+ OYO-branded hotels and 850,000 rooms, surpassing the scale of traditional and established hotel chain brands in the world. This growth is backed by a balance sheet of about $1.5 billion, and fueled by the company’s presence in China’s 337 cities with over 500,000 rooms, followed by Indonesia with presence in 80 cities and over 20,000 rooms and 720 hotels and other regions in Asia. Additionally, the UK with presence in 25 destinations and 85 hotels, and more recently the U.S., with a presence in 40 cities and over 68 hotels, have been strong growth drivers. A significant part of its funds is being invested in the business as the company focuses on maintaining its growth momentum across geographies. The company has created over 300,000 direct and indirect job opportunities across India, China, U.S., and the U.K. The recent acquisition of @Leisure has further helped the company strengthen its leadership in the vacation home segment in Europe.