OYO to add more hotels to US portfolio
05 November 2024
IPO-bound hotel aggregator OYO plans to expand its market presence in the US with an addition of over 100 hotels in CY2023, owing to higher demand in the geography. IPO-bound hotel aggregator OYO plans to expand its market presence in the US with an addition of over 100 hotels in CY2023, owing to higher demand in the geography. Ritesh Agarwal, founder & CEO of OYO Rooms, tweeted on Friday that although the Covid-19 pandemic slowed down its growth in the US market in CY2020 and C Y 2021, CY2022 was apparently its 'best year' with a 23% growth in new hotels added to its portfolio when compared to the previous years.
IPO-bound hotel aggregator OYO plans to expand its market presence in the US with an addition of over 100 hotels in CY2023, owing to higher demand in the geography. IPO-bound hotel aggregator OYO plans to expand its market presence in the US with an addition of over 100 hotels in CY2023, owing to higher demand in the geography. Ritesh Agarwal, founder & CEO of OYO Rooms, tweeted on Friday that although the Covid-19 pandemic slowed down its growth in the US market in CY2020 and C Y 2021, CY2022 was apparently its 'best year' with a 23% growth in new hotels added to its portfolio when compared to the previous years.
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