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Indian hotel unicorn Oyo says surpassing Marriott only the start

Tech startup kicks off global expansion of room rentals in Tokyo

Oyo officially launched Oyo Life, an apartment rental service, in Japan on March 28. (Photo by Ken Kobayashi)

TOKYO -- Oyo is on track to overtake Marriott International as the world's largest hotel operator in less than four years, the Indian startup said on March 28, as it unveiled global plans to roll out its rental housing business.

Valued at $5 billion, Oyo claims to be the world's seventh-largest hotel group, with 515,000 rooms under management. It aims to overtake Marriott, which manages 1.29 million rooms, by 2023.

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