OYO Hotels, the Indian hospitality giant, has raised $1 billion in a fresh funding round, which is set to expand its global reach. This investment places OYO among the largest hotel chains worldwide. The funding comes from a mix of institutional investors and private equity firms.
The fresh capital will help OYO expand its presence in emerging markets and introduce new technological advancements to its operations, including automated check-ins and AI-driven customer service solutions. OYO’s aggressive expansion strategy aims to tap into the rising demand for budget accommodations globally.