Hotline: 1800 102 2007
X
Search Business Opportunities
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.

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."

Comment
Related opportunities
  • About Us: Credence International Schools is a K-12 Venture of Credence..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2014
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 20000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • After School Activities
    About Us: We exist to make a difference, nationally, in a..
    Locations looking for expansion Delhi
    Establishment year 2003
    Franchising Launch Date 2003
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About Us: Sugardough is the brainchild of Mr. Pravin Rao, who..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Beauty Salons
    About Us: Hair Speak is an international-grade spa & salon brand..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
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