0 min left

Oyo Growth Surpasses Big Hotel Brands

Budget hotel chain Oyo Hotels and Homes is on a roll, pumping out positive public relations left and right — including a report that claims the company is now the third-largest hotel chain in the world based on rooms, surpassing Accor Hotels, Wyndham Hotels & Resorts, and InterContinental Hotels Group.

Sorry Accor Hotels, Wyndham Hotels & Resorts, and InterContinental Hotels Group—you’ve been passed up.

Budget hotel chain Oyo Hotels and Homes has been growing at a monumental place and just surpassed those three brands to become the world’s third-largest hotel chain based on available rooms. The company’s skyrocketing growth will soon include properties in the United States and Vietnam.

The growth in rooms available happened fast; back in April, the chain was in sixth place with 636,000 rooms worldwide. Now, the company is boasting a total count of 850,000, passing the three chains above it in ranking in just two months.

Oyo founder and CEO Ritesh Agarwal has plans to become the largest hotel chain in the world by 2023, Skift reported. The company still needs to pass up Hilton Hotels and Marriott International in room count to get to the top, though. Not that it doesn’t have a plan—Oyo is expecting to have more than 2 million rooms just in southeast Asia by 2023, which is more than Marriott has on a global scale.

The growth has not come without controversy, though. Chinese media said the company was planning to layoff at least a thousand employees after it already fired 25 and warned more than 100 others about unethical practices. And in its largest market, India, the company is under fire for unfairly deep discounts and more.


[Featured Image: Shutterstock]

Comments are Closed.
IBobi July 18, 2019

It kind of looks like their actual business is selling big round red "OYO" signs to stick on the sides of existing hotels and private residences?