Not necessarily. Average wage in India is Rs 3000/mo (~$44) and you can get a perfectly decent single room at a guesthouse for under Rs 500 ($7) -- although at this price range the quality of the room will be a total crapshoot, which is precisely why this is such a great idea.
On the other hand, if you want a 100% guaranteed Western branded hotel experience, you'll pay through the nose for it. Back when I was working in Delhi, 4-star-ish hotels charged $400/night and up and the Trident Hilton in Gurgaon was $700.
I was confused at first but I believe he meant to say that the Oyo cut is approximately $3.5m per month and the article states that they get a fee from all bookings similar to a franchise fee, etc.
> 2,200 hotels operating in 100 cities across India ... and 1,500 employees.
... financed with ...
> monthly revenues of $3.5m (£2.3m)
Revenues of ~$1,600/hotel/month? ~$2,300/employee/month? Am I misunderstanding something?