OYO has announced the launch of its hotel chains in Indonesia, thereby further expanding the brand’s presence in the South-East Asian hospitality market. As a part of this, OYO will start operations with 30 properties, functioning under lease or franchise agreements in three cities- Jakarta, Surabaya, and Palembang, in Indonesia.
OYO is to invest $100 million in this project, with the aim of opening properties in over 35 Indonesian cities by 2019. Through this, the hotel chain aims to offer affordable accommodations for business as well as leisure travellers.
Ritesh Agarwal, Founder and CEO, OYO, said, ‘’Indonesia is one of the top choices for both global and Indian travellers and with our market learnings and expertise we are ready to tap this opportunity. This expansion is in line with our quest to support the country’s hospitality ecosystem and creating infrastructure for asset owners to grow and run successful businesses, all of this while ensuring high standards of quality. We want our potential guests and partners to know that with OYO Hotels they’ve found a trusted solution for all their travel and business needs.”
Following this, OYO hotels is said to create over 60,000 livelihood opportunities in Indonesia and will also strengthen the hospitality and real estate market in the country. oyorooms.com