Hotline: 1800 102 2007
X
Search Business Opportunities
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.

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."

Comment
image
Related opportunities
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
  • About Us: Dashmesh Pagrian introduces itself as the most trusted name..
    Locations looking for expansion Delhi
    Establishment year 1970
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Others Food Service
    About Us: KKODZ Cafe is all about delectable, mouth watering snacks..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Nagpur Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities