OYO Brand to Take Over the Hotel, Homes and Living Space Economy?
Friday, September 13, 2019
With an investment made by Airbnb and no intention to slow down, OYO is rapidly growing.
This website for booking budget lodging was founded in India in 2013 and is the largest booking website in India, and now is the fastest-growing hotel chain in the world, according to the company, with plans to invest €300m into its European market, and despite the investments made, are competing closely against Airbnb.
Oyo also intends on entering the five-star and seven-star hotel categories in India and is in talks with 10 properties to move this forward.