Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 14 2018

OYO forays into Sri Lanka

Presently, the company is present in seven countries including India, China, Indonesia, Malaysia, Nepal, the UK and UAE.

OYO forays into Sri Lanka

As part of its expansion plan in the South Asian market, Hospitality firm OYO has forayed into Sri Lanka.

Presently, the company is present in seven countries including India, China, Indonesia, Malaysia, Nepal, the UK and UAE.

The sources aware of the development said, "The company launched operations in Colombo, Sri Lanka, earlier last month with over 10 properties."

"The move is to strengthen the company's presence in the South Asian market," they added.

Abhinav Sinha, COO of OYO Hotels and Homes, said, "Sri Lanka, being a great tourist destination, is surely on the cards. We, however, can't confirm this at the moment. OYO continues to look for opportunities to expand its international presence."

"We are currently evaluating several markets in the Middle East, South East Asia and Europe," Sinha added.

OYO is targeting to become the world's largest hotel chain by 2023 as it expands into newer countries like the Middle East, South East Asia and Europe.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About Us: SD Café is truly an all-day-dining cafe chain, a..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Millennium Path Lab   Millennium Path Lab is India’s Most advanced, fully..
    Locations looking for expansion Maharashtra
    Establishment year 1979
    Franchising Launch Date 2015
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Thane Maharashtra
  • Bars, Pubs & Lounge
    About Us: Sizzante is a landmark of veg/ non-veg Sizzlers. The..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater ahmedabad Gujarat
  • Ice Creams & Yogurt Parlors
    Raw Creams based out of Hudson Lane, North Delhi is..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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