Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 17 2019

OYO to expand footprint in Visakhapatnam by investing Rs 100 crore

At present, OYO has 100 hotels and 1,950 rooms in Vizag and 289 hotels and 6,300 rooms in the state.

OYO to expand footprint in Visakhapatnam by investing Rs 100 crore

After entering the coastal city in November 2016, OYO Hotels & Home is now planning to expand its operations in Visakhapatnam. The hospitality firm is aiming to invest Rs 100 crore towards capex, infrastructure and talent in Visakhapatnam in the coming days.

The company further targets to create more than 5,500 direct and indirect employment opportunities for hospitality professionals in Andhra Pradesh in the next one year.

At present, OYO has 100 hotels and 1,950 rooms in Vizag and 289 hotels and 6,300 rooms in the state.

Aditya Ghosh, CEO - India and South Asia, OYO Hotels & Homes, said, “Visakhapatnam is a key market for us and has been performing really well since launch. As the largest city and the economic hub of Andhra Pradesh, one of India’s fastest-growing states, we continue to invest in expanding our footprint and serve thousands of customers in the city.”

“We aim to have at least 10 OYO Townhouses in the city by the end of 2019. Since our launch in Visakhapatnam in 2016, we’ve worked closely with small and independent hotel owners and utilized our deep expertise in standardizing amenities and guest experiences to empower them as better hospitality players,” he added.

Ghosh further stated, “In the coming year, we aim at strengthening these partnerships and supporting the state’s vision while continuously creating and delivering outstanding opportunities for business growth, fostering all-round socio-economic development for the State and its people.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Fine Dine Restaurants
    About Us: Manbhavan means ‘pleasing mind’. True to its name, we..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Tea And Coffee Chain
    The Chainsmokers” is Brand working in various lines of business..
    Locations looking for expansion Madhya pradesh
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • GREETINGS FROM SKT - BED & BATH HOSPITALITY LINENS      Sre Kamatchiyamman..
    Locations looking for expansion Tamil nadu
    Establishment year 1983
    Franchising Launch Date 2021
    Investment size
    Space required 500
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Erode Tamil nadu
  • Online Food Ordering Services
    Veganic is a cloud based franchise kitchen which aims at..
    Locations looking for expansion Uttar Pradesh
    Establishment year 2011
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar Pradesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities