India's Oyo sees signs of recovery in China after coronavirus outbreak

India's Oyo sees signs of recovery in China after coronavirus outbreak

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus outbreak eases up in some parts of the country, the Indian hospitality startup’s Chief Executive Ritesh Agarwal told Reuters on Tuesday.

Agarwal’s comments come as a rise in imported coronavirus cases and the lifting of restrictions on movement in some cities in China have raised the prospect of a second wave of infections that could thwart the country’s economic recovery.

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