In less than a year, OYO's China business is half as big as India's

In less than a year of entering the Chinese market, Gurugram-headquartered budget hotel room brand OYO Rooms has built a base of over 50,000 rooms. This is almost half of the company’s entire inventory in India where it has been operational since 2013.

In this July alone, the SoftBank-backed company added over 25,000 rooms to its inventory in China. Even in the three months that ended in June, Oyo Rooms added a total of 47,000 rooms in China as compared to 34,000 in India, signifying a higher growth rate in the foreign market.

In his presentation to the investors on Monday, Masayoshi Son, Chief Executive of the Japanese investment giant said that OYO had added 81,000 rooms to its platform in the April-June period, which is about eight times the number of rooms the world’s largest hotel chain Marriott had added during the same period.

He also said that OYO in India with 101,000 rooms is now seven times larger than one of India’s largest hotel chains, Taj Hotels Resorts and Palaces. By the end of the year, Son said, the Ritesh Agarwal-led firm will grow to have between 150,000 and 200,000 rooms, making it over ten times larger than the Tata-owned hotel chain in the country.