As homestay gains a hold in Vietnam, so Indian budget hotel chain Oyo Hotels & Homes will be investing $50 million to expand in the country, where it has opened 90 hotels with 1,500 rooms in the past three months.

Its target is to reach 20,000 rooms in 10 cities in Vietnam by the end of next year, having expanded equally quickly in Indonesia to 720 hotels with 20,000 rooms, and a further 308 hotels due to open within two months.

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