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OYO Launches in Philippines with over $50 Mn commitment

  • 31 January 2019

OYO Hotels and Homes has announced its launch in the Philippines. Starting with over 21 franchised and leased hotels, OYO’s current footprint includes presence in Metro Manila, Tagaytay  and Cebu as it plans to grow to 10 cities by 2020. With the mission of transforming the country’s hospitality landscape, OYO Hotels would be franchising and leasing assets while transforming them into quality living spaces. The hospitality chain has also committed an investment of over $50 million over the next few years in the country with the mission of transforming its hospitality landscape in the country.

Commenting on the development, Abhinav Sinha, Chief Operating Officer (COO) of OYO Hotels and Homes, said, "OYO is committed to offering customers a superior yet affordable stay and travel experience while helping grow independent hoteliers in the country. With its abundant natural resources and many captivating tourist sights and destinations, the Philippines offers local and foreign tourists alike endless adventures. In 2018, the country welcomed a record-breaking number of tourists and we are positive that a great opportunity lies in front of us to build a strong and sustainable hospitality ecosystem in the country. We believe that by setting foot in the Philippines, we are advancing our vision of strengthening our foothold in Southeast Asia. We want our potential guests and asset owners to know that with OYO Hotels they’ve found a trusted solution for all their travel and business needs."

He added, "We’ve been at the forefront of leased and franchised hotel revolution in India, China, Malaysia, Nepal, UK, UAE and more recently Indonesia and extremely excited to extend our quality-assured experience to travellers visiting Philippines. Our priority here is to ensure that we bring OYO Hotels’ top-notch service starting at 750 Pesos to the country, with the goal to become the most loved hotel chain. With the current 21 hotels, 500 rooms we aim to grow to 20,000 rooms in 10 cities by 2020 while becoming a household name for both local and international travellers visiting the country. Our growth in the country will be fueled by a strong local leadership and a team of young hospitality enthusiasts. We look forward to a fruitful journey in the months to come."

Ankit Arya, Country Head for OYO Hotels in Philippines, said, "OYO’s approach towards hospitality is as unique as it can get. Philippines offers an attractive market with sizeable internet and mobile presence, which complements our approach. We've received an overwhelming response to OYO Hotels offerings in the country since our soft launch and look forward to hosting more guests in the coming years."

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