India 's OYO Hotels & Homes has officially launched in Vietnam , following several months of developing its Vietnamese brand . The venture - backed venture , which claims more than 200 hotel partners across Vietnam , will invest up to $ 1 billion to achieve its target of becoming the largest hotel chain in the country by Q4 2020 , with 20,000 rooms across 10 floors . OYO has partnered with mid - range and budget hotels that intend to join the chain and will leverage 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.