Indian hospitality chain OYO is now entering into Europe and has agreed to acquire Europe-based company @Leisure Group. Ever since its launch in China in early 2018, OYO has been expanding into several countries.
Marking its second offshore acquisition, it has acquired Amsterdam-based @Leisure Group to strengthen its holiday homes vertical in Europe.
@Leisure Group team will now join the OYO team. Going forward, it would be interesting to see how @Leisure Group deal helps Ritesh Agarwal-led company in establishing a formidable presence across Europe.
@Leisure Group runs multiple brands including Belvilla, DanCenter, and Danland which offers 30,000 managed holiday homes across 13 countries in Europe. It also operates subscription-based home management service with over 85,000 homes across 50 countries under Traum-Ferienwohnungen brand.