In brief: Oyo to invest $200m in its India, South Asia businesses

• India-based hospitality firm Oyo announced a commitment of 14 billion Indian rupees (US$200 million) for its India and South Asia businesses.
• Oyo reportedly plans to double down on its regional expansion efforts, improve customer experience, and increase property owner success.
• It also unveiled a new property brand in its portfolio – dubbed Collection O – targeting young and millennials travelers. Collection O will feature budget to mid-segment hotel chain brands.

Source: The Economic Times, YourStory

Currency converted from Indian rupees. Rate: US$1 = INR69.69