Home > Hotels > OYO launches in the UK, eyes “multi-billion-dollar” opportunity

OYO launches in the UK, eyes “multi-billion-dollar” opportunity

09/20/2018| 2:23:37 PM|

OYO has earmarked an initial £40 million to build its UK operations and wants to be present in 10 cities and have more than 5000 rooms across the UK by 2020.

India’s tech-enabled hotel group OYO has announced plans to enter the UK market, its first move outside South Asia, starting with four properties in London.

OYO is backed by high-profile investors including SoftBank Group, Greenoak Capital, Sequoia India, Lightspeed India, Hero Enterprise and China Lodging Group and has raised $450 million since it launched in India in 2013.

It has earmarked an initial £40 million to build its UK operations and wants to be present in 10 cities and have more than 5000 rooms across the UK by 2020.

The four launch properties have a total of 80 rooms and are branded as OYO Townhouse. Across OYO’s portfolio of brands, Townhouse is “based on the needs of the millennial traveller.”

Read Original Article

TAGS: OYO
©2017 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!