OYO strengthens lead in South East Asia; Opens its doors in Vietnam with 90+ hotels across 6 cities today; hits 80 cities milestone in Indonesia

New Delhi, July 2, 2019: OYO Hotels & Homes, South Asia’s largest, world’s fifth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces and China’s largest single hotel brand is announcing the opening of its doors in Vietnam as it continues to strengthen presence in South East Asia. The company also eyes spot to become the leading hotel chain in Indonesia with 1,082 hotels having already joined OYO’s chain - 720 hotels are fully operational and more than 300  upcoming hotels that are under transformation - with a total of 19,750 rooms spread across 80 cities. Philippines and Malaysia also reported continuing growth in assets under management with 8,000 and 1,300 exclusive rooms, respectively. 

Starting with over 90 franchised hotels, spread across 6 cities, including Hanoi, Ho Chi Minh, Da Nang, Phu Quoc, Vang Tau and Nha Trang, OYO Hotels plans to expand its footprint to 10 cities in Vietnam by 2020-end. 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 and creating quality affordable accommodations. The hospitality chain has also committed an investment of over $50 million over the next few years in Vietnam with the mission of transforming its hospitality landscape and creating quality affordable accommodations. As a part of its continued commitment to the country, OYO Hotels aims to generate over 1,500 direct and indirect jobs that will help support the economic trajectory of Vietnam. 

In Indonesia, the company’s continuous focus on guest experience and improved hotel owner incomes has fueled its exponential growth within 8 months as it scales towards becoming the country’s top hotel chain with 20,000 rooms under management in 720 hotels across 80 cities. This marks a phenomenal 20x growth trajectory since launch. OYO has more than 300 upcoming hotels that are under transformation across Indonesia, and will presumably go live over the next 2 months. This pace of growth has been possible thanks to the active participation of hundreds of asset owners, OYO’s loyal customers, and over 900 OYOpreneurs (employees) across Indonesia. The company has also been able to create over 10,000 direct and indirect economic opportunities in the process.

Talking about OYO’s impact on the hospitality sector so far, Dushyant Dwibedy, Country Head - OYO Vietnam, said, ‘’Vietnam is an important market for us in South East Asia. Our priority here is to ensure that we bring OYO Hotels’ top-notch service to the country, with the goal to become Vietnam’s most loved hotel chain. We aim to grow to 10 cities and 20,000 rooms by 2020-end while becoming a household name for both local and international travellers in Vietnam. Our growth in the country will be fueled by strong local leadership and a team of hundreds of young hospitality enthusiasts. We’ve been responsible for enabling over 300,000 job opportunities in South Asia and look forward to creating 1,500 direct and indirect jobs in Vietnam by 2020.’’

‘’OYO’s approach towards hospitality is as unique as it can get. Vietnam 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 and look forward to hosting more and more guests.” Dushyant concluded.

Rishabh Gupta, Country Head - OYO Indonesia further added, “OYO has been growing at a staggering pace in Indonesia. We appreciate the support of our 900+ strong team of OYOpreneurs and also thank the hundreds of OYO Hotel owners for their trust in us, and the 18,000+ customers that stay in OYO each night in the country. Indonesia is a very important market for us and we have already committed over $100 million investment. We will continue to expand our network into more than 100 cities by the end of 2019. As we move towards our next step of growth in Indonesia, we are committed to delivering the highest quality, standardized services to our customers at prices never thought of before, while creating value for our hotel owners and helping them develop and transform their business.”

Launched in 2013, OYO has revolutionized the fragmented and legacy-driven budget hospitality space by empowering small and independent asset owners with the operational capabilities and technology that enables them to compete with big hotel chains and achieve high occupancies and therefore yields.  The biggest differentiating attribute of the company is the full-scale fulfillment led model that it builds, with pioneering scale and efficiency that starts with supply acquisition, renovation, hospitality and operations, technology and omnichannel distribution across online and offline channels. OYO brings its own technology based on artificial intelligence to hotels around the world, for better revenue management. The company helps independent hotel owners to manage all daily functions of the property – visibility bookings, sales channels, customer requests, housekeeping, finances. 

Earlier this year, OYO Hotels & Homes had announced an investment of INR 1400 crore for its India & South Asia business. The largest hotel chain in India has over 9,000 hotels with over 1,76,000 rooms across 260+ cities. It has already created over 100,000 direct and indirect employment opportunities in India and spurred micro, small & medium scale entrepreneurs through its hospitality business. Over half of the 100,000 jobs created by it were in smaller towns and cities of India. As it grows at scale, so does the possibility of an entrepreneurial ecosystem of direct and indirect employment. It therefore aims to double economic opportunities created in India by 2020. 

About OYO:

Opening its doors in 2013, OYO Hotels & Homes is the world’s fifth-largest chain of hotels, homes, managed living and workspaces. The portfolio combines fully operated real estate comprising more than 23,000 hotels and 46,000 vacation homes. Now with @Leisure Group joining the chain, OYO can be found in more than 800 cities in 80 countries, including the U.S., China, Europe, U.K., India, Malaysia, Middle East, Indonesia, Philippines, and Japan. For more information, log onto https://www.oyorooms.com/

●        OYO, South Asia’s largest, world’s fifth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, announces presence in Vietnam

●        Launches in Vietnam with 90+ hotels, 1500+ rooms across 6 cities of Hanoi, Ho Chi Minh, Da Nang, Phu Quoc, Vang Tau and Nha Trang

●        To invest $50 million in Vietnam and create 1500 direct & indirect jobs in Vietnam

●        Surpassing incumbents, OYO Indonesia grows to hit 20,000 rooms, 720 hotels in 80 cities in less than a year, as it scales towards becoming Indonesia’s largest hotel chain

●        Malaysia and Philippines also report strong growth with 8,000 and 1,300 exclusive rooms, respectively