OYO to invest 1400 crores in new project as well as launch mediocre range of hotels

More than 500 cities across ten countries, OYO is present in India, China, Malaysia, Nepal, the UK, UAE, Indonesia, Saudi Arabia, Philippines and recently in Japan.

OYO also decided to launch “ Collection O hotels” that will add up to the mid-segment hotel brands.

OYO will also make a new app that will have an SOS button for emergency assistance, and people can contact OYO safety teams and local law enforcement authorities.

oyo to invest 1400 crores in new project as well as launch mediocre range of hotels OYO to invest 1400 crores in new project as well as launch mediocre range of hotels oyo 1
OYO to launch “Collection O hotels”

On March 12, OYO decided to invest Rs 1400 crore ($200 million) in India as well as South Asia over the business by 2019 to grow its Infrastructure, strengthen Technology and capacity.

OYO also decided to launch “ Collection O hotels” that will add up to the mid-segment hotel brands. The further idea is to expand its presence across India and make OYO as people first choice in every corner of the country.

At present, the company has been dominant over 259 cities in India with 8,700 hotels and homes that up to 1,73,000 rooms. OYO will also make a new app that will have an SOS button for emergency assistance, and people can contact OYO safety teams and local law enforcement authorities.

oyo to invest 1400 crores in new project as well as launch mediocre range of hotels OYO to invest 1400 crores in new project as well as launch mediocre range of hotels oyo 2
OYO has also launched a new app and will have an SoS button for emergency

The company had narrowed losses as a percentage of values that was 44.5 percent in 2016-17 to 10 percent in2018-19. The company focuses on expanding in South East Asia and the Middle East besides India and China.

More than 500 cities across ten countries, OYO is present in India, China, Malaysia, Nepal, the UK, UAE, Indonesia, Saudi Arabia, Philippines and recently in Japan.