OYO Hotels and Homes, one of the world’s fastest-growing chain of hotels, homes and spaces on Wednesday announced its launch in the Philippines. After proving its mettle in Southeast Asia with successful operations in Malaysia and Indonesia, OYO Hotels is set to further expand its leadership in the region by commencing its operations in 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. As a part of its continued commitment to the country, OYO Hotels aims to further generate over 1,000 direct and indirect jobs that will help support the economic trajectory of Philippines.
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.”
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 neighbourhood 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.
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.’’