The Asian American Hotel Owners Association estimates that its members, mostly from the Indian subcontinent, own about 60% of US hotels:
That stunning statistic will grow only bigger with the news this week that the iconic Motel 6 chain and its 1,500 self-operated U.S. properties has been bought by Oyo, a 12-year-old startup based in Haryana, India.
It’s all part of an amazing immigrant success story which has helped cement Indian-Americans as the most successful ethnic group in the United States. Their average household income is now $126,891, almost twice the U.S. average. Indian Americans have higher incomes than white Americans! So much for America being “systemically racist.”
Indian Americans are a natural audience for pro-growth and meritocratic economic policies.