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

OYO looks to invest $100 mn in Indonesia to expand its presence

OYO is eyeing to have presence in 100 cities in the Southeast Asian country by the end of 2019.

OYO looks to invest $100 mn in Indonesia to expand its presence

In order to expand its presence across Indonesia, OYO is planning to invest more than $100 million in the country over the next five years.

The hospitality firm is adding 70 hotels every month to its chain in Indonesia. It is eyeing to have a presence in 100 cities in the Southeast Asian country by the end of 2019.

Ritesh Agarwal, Founder and Group Chief Executive Officer, OYO Hotels and Homes, said, "We intend to invest over $100 million in this high-growth market and plan to expand our presence to the top-100 cities in Indonesia, including Yogyakarta, Bandung, Surabaya that we recently entered, and break into Bali over the next 11 months."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Hollywood’s Pizza & Grill is an upmarket casual dining..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Digital Media & Internet Marketing
    Newsorb360 Is a unique Digital Media Platform which promote digitalisation..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    The brand offers jaggery based tea, coffee and other bakery..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Tea And Coffee Chain
    About: Zealong’s latest endeavour a Quick Service Restaurant, Chai Central! Chai..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities