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OYO Hotels Launches in Philippines with Over $50M Commitment

OYO homes and hotels revealed on yesterday that it has now launched its operations in the Philippines, OYO said it would start with more than 21 franchised and leased hotels in the country and its current footprints which even includes in Metro Manila, Cebu, and Tagaytay, and it plans to grow to 10 cities by the end of 2020. OYO also revealed that it also had committed an investment of more than $50 Million in the coming few years in the country.

The company stated that it also has an aims to generate around 1000 direct and indirect jobs in the country with its new operations.

Abhinav Sinha, the 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.”

Picture Credits: Disrupt

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