Softbank-backed, budget hotel chain, Oyo, is on an international expansion spree, and next on its list are Thailand, Indonesia and Vietnam. This is not Oyo’s first flirtation with the international market.
Currently, Oyo is in Malaysia in the Southeast Asian market, and in Nepal in the sub-continent. But sometime late last year, the company had almost completely withdrawn from Kuala Lumpur (within 12 months of launching) after facing a cash crunch. It called back its Indian employees and let go of those in Kuala Lumpur.