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India's dark horse hotelier Oyo to invest USD600 million in China

2019/7/18 16:08:02
India's Oravel Stays, which operates the Oyo Hotels & Homes accommodation chain has now has USD1.5 billion in assets and it is committed to diverting 40 percent of these funds towards China, the six-year-old unicorn announced today, Beijing Business Today reported.

Of its USD600 million investments in China, USD100 million will go to recruitment, customer experience, quality and systemic improvements to promote Oyo's further growth, said a company insider, per the report, though the hospitality firm did not relate what the rest will be used for.

This is not the first time Oyo, which is based in Gurgaon, in Haryana state, just outside New Delhi and which also does business under the name Oyo Rooms, has pledged to pump some serious cash into China, where it became the largest hotel chain last month, Business Insider reported.

When SoftBank, Sequoia Capital and Lightspeed Ventures jointly invested USD1 billion in Oyo in its series E funding in September the firm committed over 50 percent of proceeds to help grow its China business.

After another USD800 million flowed in from SoftBank, the hotel chain also palmed USD100 million from Chinese ride-hailer Didi Chuxing in a symbiotic relationship, since the two sectors target the same user base and are thus mutually reinforcing, Zhao Huanyan, chief knowledge officer at Shenzhen Huamei Restaurant Management Consulting, told National Business Daily.
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酒店位于滨河大道滨河新洲立交桥旁,邻近福田体育公园、购物公园,位置优越。 【前往酒店】:
- 距离地铁1号线购物公园站1.5公里,乘坐出租车约5分钟;
- 距离福田汽车站4.2公里,乘坐出租车约10分钟;
- 距离深圳罗湖火车站、罗湖口岸8公里,乘坐出租车约20分钟;
- 距离深圳宝安国际机场29.5公里,乘坐出租车约40分钟;或由机场乘坐地铁1号线至购物公园站下。 【酒店周边信息】:
- 距离福田体育公园1公里,步行约15分钟;
- 距离深圳会展中心2.2公里,乘坐出租车约5
-10分钟;
- 距离莲花山公园3.6公里,乘坐出租车约10分钟;
- 距离园博园5公里,乘坐出租车约10
-15分钟;
- 距离深圳欢乐谷10公里,乘坐出租车约20分钟。

所属商业区:皇岗口岸/福田口岸
酒店区域:福田区
酒店地址:中国 · 广东省 · 深圳 · 福田区 · 滨河大道9005号(新洲牌坊旁,近会展中心)