OYO currently has close to 176,000 rooms in India and another 322,000 rooms in China, according to a latest analysis by Hotelivate. It has grown considerably in China in just 12 months since January 2018, apart from its home market, India, and other new international markets. Additionally, OYO has a presence in Nepal, Indonesia, Malaysia, the UK, the UAE, and more recently, the Philippines. Totally, OYO has over 515,000 rooms across above 17,000 hotels worldwide, with a goal to be the largest and most preferred hotel chain for the budget mid-scale segment by 2023, globally. For the first time, an Indian hospitality company is growing at an indisputable scorching pace.
Skeptics from the ‘traditional’ hotel industry have scoffed at the OYO model, pushing it aside with arguments such as, it is simply an aggregator of budget hotels; it has a poor quality of service; or its deliverables are not comparable with the mainstream hotel industry, as stated by the report. OYO started off as an aggregator back in 2013, but in the past five years, it has evolved into a full-scale hospitality company that operates exclusively franchised and leased assets, growing each day through its innovative model.