Hotline: 1800 102 2007
Hotline: 1800 102 2007
Oct, 18 2018

OYO launches operations in Indonesia

OYO started its Indonesian operations with over 30 exclusive hotels and more than 1,000 rooms in three cities.

OYO launches operations in Indonesia

Hospitality firm OYO has forayed into Indonesia, marking the seventh overseas expansion for the SoftBank-backed company.

OYO started its Indonesian operations with over 30 exclusive hotels and more than 1,000 rooms in three cities including Jakarta, Surabaya, and Palembang.

As part of its expansion in Southeast Asia, OYO is planning to invest $100 million in the country. The company will also look to launch in more than 35 cities by 2019. 

Ritesh Agarwal, Founder and CEO, OYO, said, "Indonesia is one of the top choices for both global and Indian travelers and with our market learnings and expertise we are ready to tap this opportunity. This expansion is in line with our quest to support the country’s hospitality ecosystem and creating infrastructure for asset owners to grow and run successful businesses, all of this while ensuring high standards of quality. We want our potential guests and partners to know that with OYO Hotels they’ve found a trusted solution for all their travel and business needs. We intend to invest over $100 million in this high growth market and plan to expand to the top 35 cities in Indonesia, including Yogyakarta, Bandung, Bali, over the next 15 months."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Living Healthy 24, a venture of Kolkata-based Culmination Healthcare..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • Women's Clothing
    About Us: Vajor came into being in 2014 with a very..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: The Brew Kitchen is a combination of the best..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2008
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Superstores
    About Us: Launched in 2017, Next Door Hub is an online..
    Locations looking for expansion West bengal
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
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