Indian budget hotel chain OYO has acquired @Leisure Group to expand its footprint into Europe, specifically around self-catering home rentals, reportedly for about $415 million.

@Leisure sees business from 2.8 million travellers annually from across 118 countries, with 115,000 homes in Europe and 300,000 rooms globally

OYO says it is now the world’s sixth-largest chain of hotels, and is now valued at $5 billion.

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