QT Hotels

Asia-Pacific

Oyo in Talks to Raise up to $90 Million

Oyo is seeking to raise $80-$90 million from InCred’s family offices at a reduced valuation to pay off debt and refile for an IPO.
Asia-Pacific

Accor to Debut 400 Movenpicks in China

China hotel RevPAR up 40.6% YoY, surpassing decline from a year ago. Philippines reaches 3 million international visitor arrivals, tourism receipts increase by 502%. Accor’s partnership with Sunmei Group plans to open over 400 Movenpick by Accor hotels in China.