OYO Hotels Launches in Philippines with Over $50M Commitment
After India, China, Malaysia, Nepal, UK, UAE and Indonesia, this is the 8th international destination where OYO Hotels is now present
OYO Hotels and Homes, South Asia’s largest, and the world’s fastest-growing chain of hotels, homes and spaces has today announced its launch in the Philippines. After proving its mettle in Southeast Asia with successful operations in Malaysia and Indonesia, OYO Hotels is set to further expand its leadership in the region by commencing its operations in Philippines. Starting with over 21 franchised and leased hotels, OYO’s current footprint includes presence in Metro Manila, Tagaytay and Cebu as it plans to grow to 10 cities by 2020. With the mission of transforming the country’s hospitality landscape, OYO Hotels would be franchising and leasing assets while transforming them into quality living spaces. The hospitality chain has also committed an investment of over $50 million over the next few years in the country with the mission of transforming its hospitality landscape in the country. As a part of its continued commitment to the country, OYO Hotels aims to further generate over 1,000 direct and indirect jobs that will help support the economic trajectory of Philippines.
Commenting on the development, Abhinav Sinha, Chief Operating Officer (COO) of OYO Hotels and Homes, said, ‘’OYO is committed to offering customers a superior yet affordable stay and travel experience while helping grow independent hoteliers in the country. With its abundant natural resources and many captivating tourist sights and destinations, the Philippines offers local and foreign tourists alike endless adventures. In 2018, the country welcomed a record-breaking number of tourists and we are positive that a great opportunity lies in front of us to build a strong and sustainable hospitality ecosystem in the country. We believe that by setting foot in the Philippines, we are advancing our vision of strengthening our foothold in Southeast Asia. We want our potential guests and asset owners to know that with OYO Hotels they’ve found a trusted solution for all their travel and business needs. ”
Abhinav added, ‘’We’ve been at the forefront of leased and franchised hotel revolution in India, China, Malaysia, Nepal, UK, UAE and more recently Indonesia and extremely excited to extend our quality-assured experience to travellers visiting Philippines. Our priority here is to ensure that we bring OYO Hotels’ top-notch service starting at 750 Pesos to the country, with the goal to become the most loved hotel chain. With the current 21 hotels, 500 rooms we aim to grow to 20,000 rooms in 10 cities by 2020 while becoming a household name for both local and international travellers visiting the country. Our growth in the country will be fueled by a strong local leadership and a team of young hospitality enthusiasts. We look forward to a fruitful journey in the months to come.’’
With the launch, OYO will also be generating lucrative job opportunities for locals in various fields including housekeeping, front office, F&B, general management, civil engineering, data science, hospitality operations and technology. OYO Hotels has always believed that neighborhood hotels possess the untapped potential of being at par with big chains in terms of both service and Revpar, and is uniquely placed to bring this advantage to the asset owners in Philippines.
Talking about the OYO’s impact on the hospitality sector so far, Abhinav added, “At OYO, our mission is to create a perfect space in every place by empowering hotel owners to become better hospitality players while ensuring an end-to-end controlled experience for our guests. With our technology and operational expertise, we are enabling hotel owners with technology and across South Asia demand reach, that will help them drastically improve the customer experience while maintaining efficiencies, high occupancy, and yields. We’ve been responsible for enabling over 100,000 job opportunities in South Asia, and look forward to creating 1000+ direct and indirect jobs in Philippines by 2020.''
A global-first, OYO Hotels brings a unique equilibrium between demand and supply gap of quality living spaces through proprietary technology, efficient operations, staff training, civil transformation, inventory management, revenue management and customer relationship manager. All these facets come together to improve a hotel’s performance by delivering a quality-assured experience. Subsequently, hoteliers can take advantage of the technology to boost occupancy and deliver enhanced customer experience.
Ankit Arya, Country Head for OYO Hotels in Philippines, said, ‘’OYO’s approach towards hospitality is as unique as it can get. Philippines offers an attractive market with sizeable internet and mobile presence, which complements our approach. We've received an overwhelming response to OYO Hotels offerings in the country since our soft launch and look forward to hosting more guests in the coming years.’’
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