Oyo launches in Philippines with over $50 million commitment

NEW DELHI: Oyo Hotels and Homes announced on Wednesday that it has launched operations in the Philippines. Oyo said it will start with over 21 franchised and leased hotels in the country and its current footprint includes presence in Metro Manila, Tagaytay and Cebu and it plans to grow to 10 cities by 2020. Oyo said it has also committed an investment of over $50 million over the next few years in the country.
The company stated it aims to generate over 1,000 direct and indirect jobs in the country with its operations.
Abhinav Sinha, chief operating officer (COO) of OYO Hotels and Homes, said, ‘’With its abundant natural resources and many captivating tourist sights and destinations, the Philippines offers local and foreign tourists alike endless adventures. We are positive that a great opportunity lies in front of us to build a strong and sustainable hospitality ecosystem in the country.”
Sinha added, "With the current 21 hotels, 500 rooms we aim to grow to 20,000 rooms in 10 cities by 2020."
With the launch, OYO will also be generating lucrative job opportunities for locals in various fields including housekeeping, front office, F&B, general management, civil engineering, data science, hospitality operations and technology. OYO Hotels has always believed that neighborhood hotels possess the untapped potential of being at par with big chains in terms of both service and Revpar, and is uniquely placed to bring this advantage to the asset owners in Philippines.
The company has appointed Ankit Arya as the country head for OYO Hotels in Philippines. Arya Philippines offers an attractive market with sizeable internet and mobile presence, which complements the company's approach.