Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 01 2019

OYO eyes further growth across Southeast Asia with new hotels in Vietnam by 2020-end

Currently, Oyo has a presence in six Vietnamese cities, including Hanoi, Ho Chi Minh, Da Nang, Phu Quoc, Vung Tau and Nha Trang.

OYO eyes further growth across Southeast Asia with new hotels in Vietnam by 2020-end

OYO is planning to bring its popular offering to Southeast Asia, with an aim to launch a swathe of new hotels in Vietnam by the end of 2020.

Recently, the hospitality firm pumped $300 million into growing the US arm of their business, bolstering both their western and eastern shore of the respective hospitality markets.

Currently, OYO has a presence in six Vietnamese cities, including Hanoi, Ho Chi Minh, Da Nang, Phu Quoc, Vung Tau and Nha Trang.

OYO is planning to make an investment of $50 million in the country, which will see an additional 50,000 Oyo guest rooms landing in ten Vietnamese cities by the end of 2020.

Most of the c ompany’s hotels in Vietnam are franchise arrangements in the mid-range and budget sectors.

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