Oyo Enters the U.S. Budget Hotel Market

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OYO a rapidly growing Indian hospitality company, has entered the U.S. market by opening an office in Dallas and testing a property in Austin, Texas.

Ritesh Agarwal the 25-year-old young founder and CEO of Oyo, He founded OYO in Gurgaon, India-based startup, whose official name is Oravel Stays, six years ago. It has a minority of its business in hospitality services, co-living and co-working. Townhouse brand is best upscale than anyother. Oyo has claimed best gains in India and other global markets, including China, Malaysia, Nepal and indonesia.

It remains an open question whether the startup, which said it had raised $1.5 billion in venture financing, can bring its flagship service, franchised budget hotels, to the developed market of the U.S.

According to Tuesdays news, it said it had seen its “global stayed room nights” rise from 6 million in 2016 to 75 million. Several Job roles have also be listed on job portals in Dallas for Human resource Director, Talent Acquisition Director, and other managers, sales people. On Tuesday, it shows that Oyo is testing a property in Texas and would like to expand accordingly.

OYO has used much of that cash to fuel its global expansion, rolling out its app and launching hotels in UK and Indonesia, Philippines earlier this year. It claims to be one of the top five hospitality chains in China, where it launched in 2017 and now has more than 5,000 hotels across 280 cities. Being an Indian Startup and emerging in the global market is something trending in the news today, Hoping that he will carry that burden to the best global markets and establish at his best.

Source: skift, cnn.

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