Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jan, 30 2019

OYO forays into Philippines with $50 million commitment

OYO is aiming to generate 1,000 direct and indirect employment opportunities in the country with its operations.

OYO forays into Philippines with $50 million commitment

Hospitality firm OYO has forayed into the Philippines with more than 21 franchised and leased hotels in the country. Initially, OYO will have a presence in Metro Manila, Tagaytay and Cebu. It is planning to grow to 10 cities in the country by 2020. 

The company has also committed an investment of more than $50 million over the next few years in the Philippines. OYO is aiming to generate 1,000 direct and indirect employment opportunities in the country with its operations. 

Abhinav Sinha, Chief Operating Officer (COO), OYO Hotels and Homes, said, "With its abundant natural resources and many captivating tourist sites 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."

"With the current 21 hotels, 500 rooms we aim to grow to 20,000 rooms in 10 cities by 2020. Our growth in the country will be fuelled by strong local leadership and a team of young hospitality enthusiasts," he added.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Cosmetic Accessories
    About Us: Bringing together Scientific data and extensive human-energy infomration, biofeedback..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Banglore south Karnataka
  • Casual Dine Restaurants
    About Us: More than 50 years of experience in the F&B..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Fine Dine Restaurants
    About Us: YumYumTree is an authentic Middle East food brand popularly..
    Locations looking for expansion Andhra pradesh
    Establishment year 2006
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • About Us: As a Montessori preschool integrated with daycare, Bambino offers..
    Locations looking for expansion Kerala
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thiruvananthapuram Kerala
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities