Wishesh Magazine October 2019 Wishesh Magazine October 2019 | Page 55

The Global Chief Operating
Officer of OYO Hotels and
Homes, Abhinav Sharma,
in a statement said, Mexico,
being an emerging tourist
destination, is surely on the
cards. However, he said
they can’t confirm this at the
moment.
The hotel chain has begun its
operations in Mexico with more
than ten hotels in order to
acquire a strong foothold in the
Latin American industry.
At present, OYO is running in
80 countries, including India,
the United States, United
Kingdom, Europe, Malaysia,
Middle East, Indonesia,
Philippines, and Japan.
OYO Hotels and Homes, to
boost its vacation rentals
business across the world also
acquired Denmark-based data
science company Danamica.
It had also acquired vacation
rental company Leisure Group
which is based in Amsterdam
and also a China-based
mid-tier hotel chain called
Qianyu Islands.
Founded in 2013 by
Haryana-based entrepreneur
Ritesh Agarwal, OYO is
now one of the biggest hotel
chains in India and world’s
third largest in terms of room
count. It has more than
23,000 hotels and 125,000
vacation homes in over 800
cities. OYO is also one of
the unicorn firms in India.
OCTOBER 2019 | WWW.WISHESH.NET