Just a year after expanding its presence to China, Indian hospitality chain Oyo Hotels and Homes has 180,000 franchised and leased rooms and more than 4,000 hotels under under franchise, manchise (a hybrid of franchise and management) and lease agreements across the country, making it one of China's top-five hotel chains.

Gurugram-based (and Softbank-backed, to the tune of $1 billion) Oyo began operating in China in November 2017, and now has properties in major cities like Hangzhou, Xian, Nanjing, Guangzhou, Chengdu, Shenzhen, Xiamen and Kunming.