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
  • A worldwide innovator in Orthodox tea fabricating and conveyance, M..
    Locations looking for expansion West bengal
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10000 - 50000
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Kolkata West bengal
  • Bike Maintanance & Repair Services
    About Us: Speedforce under the banner of Multi Brand 2 Wheeler..
    Locations looking for expansion Gujarat
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Vadodara Gujarat
  • Office Furniture
    About Us: AB Contracts are renowned manufacturers of Modular Furniture under..
    Locations looking for expansion Uttar pradesh
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater greater noida Uttar pradesh
  • Gyms And Fitness Centres
    About Us: The Playden (School Of Performing Arts, Sports & Fitness)..
    Locations looking for expansion Uttar pradesh
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities