Oyo Hotels, the five-year-old startup for booking hotel rooms, is aiming to become the world’s largest hotel chain by 2023 as it expands into newer countries in the Middle East, South East Asia and Europe, its founder Ritesh Agarwal said.
Oyo, which beginning in India, now has more rooms in China.
In India, it operates in over 180 cities with 143,000 rooms. In China, where it began operations last November, it has expanded to over 265 cities with 180,000 rooms.
“Our belief is that if we just keep opening 50,000 keys a month, then by 2023 we would have opened roughly 2.5 million more rooms, which will be at least 2 times of what the world’s largest hotel chain is today,” Agarwal told PTI in an interview.
Agarwal, a 24-year-old college dropout, founded Oyo in 2013 after travelling around India on a shoestring budget. The company has also expanded into Malaysia, Nepal and Britain.
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