India's OYO Hotels & Homes has officially launched in Vietnam, following several months of developing its Vietnamese brand. The SoftBank-backed chain, which claims more than 90 hotel partners across Vietnam, will invest USD 200 million to achieve its target of becoming the largest hotel chain in the country by Q4 2020, with 20,000 rooms across 10 cities. OYO has partnered with mid-range and budget hotels that pay to join the chain and will adopt its technology, according to OYO Vietnam head, Dushyant Dwibedy. In China, OYO is moving to a guaranteed revenue model for its partner hotels.
India's OYO Hotels & Homes has officially launched in Vietnam, following several months of developing its Vietnamese brand. The SoftBank-backed chain, which claims more than 90 hotel partners across Vietnam, will invest up to $50m to achieve its target of becoming the largest hotel chain in the country by Q4 2020, with 20,000 rooms across 10 cities. OYO has partnered with mid-range and budget hotels that pay to join the chain and will adopt its technology, according to OYO Vietnam head, Dushyant Dwibedy. In China, OYO is moving to a guaranteed revenue model for its partner hotels.