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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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惠州皇冠假日酒店交通指南

地处三环东路和皇冠路交汇处,邻近水口大道、254省道、324国道、大湖溪立交桥。 【前往酒店】:
- 距离惠州火车站9.9公里,乘坐出租车约20分钟;
- 距离惠州汽车客运总站10.3公里,乘坐出租车约25分钟;
- 距离深圳宝安机场138公里,乘坐出租车约2小时;或由机场乘坐机场大巴至惠州市至金华悦国际酒店下,换乘出租车约20分钟可达酒店;
- 距离广州白云国际机场153公里,乘坐出租车约2小时;或由机场乘坐机场大巴至惠州市至惠州白云机杨候机楼下,换乘出租车约20分钟可达酒店。
- 距惠州机场仅15分钟车程 【酒店周边信息】:
- 至水口文化体育中心,步行约5分钟;
- 至新佳购物广场,步行约10
-15分钟;
- 距离惠州体育馆7.2公里,乘坐出租车约15分钟;
- 距离万达国际电影城7.7公里,乘坐出租车约15分钟;
- 距离西湖景区9.6公里,乘坐出租车约25分钟;
- 距离红花湖风景区10.8公里,乘坐出租车约25分钟。

所属商业区:惠城区
酒店区域:惠城区
酒店地址:中国 · 广东省 · 惠州 · 惠城区 · 惠城区水口街道皇冠路8号(三环东路和皇冠路交汇处)