This investment will go towards capex, infrastructure and talent.

OYO to invest Rs 100 crore in Visakhapatnam to expand operations
Atom Hospitality Thursday, August 15, 2019 - 10:41

OYO Hotels & Home is expanding operations in Visakhapatnam after entering the coastal city in November 2016. The company aims to invest Rs 100 crore towards capex, infrastructure and talent in Visakhapatnam in the coming days. It has also said in a statement that it aims to create over 5,500 direct and indirect employment opportunities for hospitality professionals in Andhra Pradesh in the next one year.

Currently, OYO has 100 hotels and 1,950 rooms in Vizag and 289 hotels and 6,300 rooms in the state.

“Visakhapatnam is a key market for us and has been performing really well since launch. As the largest city and the economic hub of Andhra Pradesh, one of India’s fastest-growing states, we continue to invest in expanding our footprint and serve thousands of customers in the city. We aim to have at least 10 OYO Townhouses in the city by the end of 2019. Since our launch in Visakhapatnam in 2016, we’ve worked closely with small and independent hotel owners and utilized our deep expertise in standardizing amenities and guest experiences to empower them as better hospitality players,” Aditya Ghosh, CEO - India and South Asia, OYO Hotels & Homes said in a statement.

“In the coming year, we aim at strengthening these partnerships and supporting the state’s vision while continuously creating and delivering outstanding opportunities for business growth, fostering all-round socio-economic development for the State and its people,” he added.

OYO has also said that in Vizag currently, Dwarakanagar, Gajuwaka and MVP Colony are among the top-performing hubs, hosting the highest number of guests. The city further witnesses inbound tourism from neighbouring cities and states, including Odisha, Chhattisgarh, Telangana and other parts of India.

OYO is currently present across 300+ cities in India across 10,000+ leased and franchised buildings and over 200,000 rooms.

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