OYO, South Asia’s largest, and the world’s fastest-growing chain of hotels, homes and spaces, has just formally announced its expansion of operations in the Philippines.
Following its successful establishment in neighboring emerging markets such as Malaysia and Indonesia, OYO Hotels is setting its expansion in the SEA region in full swing with its launch in the Philippines. With the Philippines’ lively tourism sector and fast-growing economy, there’s no better time than now to invest in the country, OYO acknowledges this potential.
Currently, the company now has over 21 franchised and leased hotels across Metro Manila, Tagaytay, and Cebu. It aims to be in more than 10 key cities in the country by 2020. To set this goal in motion, OYO will be investing more than USD 50 million in its efforts to transform the hospitality industry, and through this, be able to generate over 1000 of job opportunities for Filipinos.
OYO was launched in India in 2013. It is a tech-driven, full-scale hospitality chain that empowers small and independent hotels. Through partnerships, OYO transforms the spaces, elevating their quality as well as boosts operation efficiency through staff training and provision of technology solutions for housekeeping, and F&B for a seamless experience for both guests and asset owners.
‘’OYO is committed to offering customers a superior yet affordable stay and travel experience while helping improve the yield for 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,” says Abhinav Sinha, chief operating officer (COO) of OYO Hotels and Homes.
‘’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, over 500 rooms we aim to grow to 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.’’
With presence in more than 500 cities across India, China, Malaysia, the United Kingdom, Nepal, talking about OYO’s impact on the hospitality sector so far, Abhinav adds, “At OYO, our mission is to create a perfect space in every place by empowering hotel owners to become better hospitality players while ensuring an end-to-end controlled experience for our guests. With our technology and operational expertise, we are enabling hotel owners with technology and across South Asia demand reach, that will help them drastically improve the customer experience while maintaining efficiencies, high occupancy, and yields. We’ve been responsible for enabling over 100,000 job opportunities in South Asia, and look forward to creating 1000+ direct and indirect jobs in Philippines by 2020.”
On its expansion in the country, Ankit Arya, country head for OYO Hotels in Philippines, shares, ‘’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’s offerings in the country since our soft launch and look forward to hosting more guests in the coming years.’’