Skift Take
Who has ever built a portfolio of half a million rooms in six years? Oyo, that’s who. And founder and CEO Ritesh Agarwal, who will be speaking at the first Skift Forum Asia on May 27, says his journey has just begun.
Oyo is hard to ignore. Airbnb’s investment in the company, the latest in a series of Oyo developments, puts the budget hotel chain in the spotlight again as a company to watch, not just for its meteoric growth but its potential to continue to disrupt the industry.
Founder Ritesh Agarwal believes that by 2023, Oyo will become the largest hotel chain in the world. It is already India’s largest hotel chain, is one of the top five hotel groups in China, and is among top 10 global chains.
Agarwal will speak at the inaugural Skift Forum Asia on May 27 in Singapore. Hundreds of the travel industry’s most forward-thinking executives gather at Skift Forums, which have been called the "TED Talks of travel" by media, speakers and attendees.
The theme of the first-ever Skift Asia Forum is "The future of travel is being tested in Asia." One does not need to look further than Oyo’s Agarwal to see the truth in that statement.
You wouldn’t want to miss hearing from the horse’s mouth what Agarwal has to say about Airbnb’s investment in Oyo, how Oyo products and distribution are evolving, the next expansion areas for Oyo, how it overcomes issues such as delivering consistent quality, transparency
