OYO Hotels and Homes will be investing Rs 1,400 crore to grow its business in India and South Asia this year. Aditya Ghosh, CEO - India and South Asia of OYO Rooms spoke to CNBC-TV18 about the company's plans and revenue targets.
“In terms of investments, we have said that we are going to invest about Rs 1,400 crore or $ 200 million into the business in India which will have a variety of different things that we will use that money for," said Ghosh.
Talking about the company's revenue targets, Ghosh said, “We closed December 2018 with about a 172,000 rooms. Today, we are well over 200,000 so we are in the 200,000 to 300,000 range so you got to make a guess till we come up with a public announcement about it.
"That basically means that we would have grown at about 25-30 percent already in the first six months.”