India-based hospitality company OYO has expanded to the Philippines with 21 franchised and leased hotels in Metro Manila, Tagaytay and Cebu. The Philippines is the company’s eighth international market, after China, Malaysia, United Kingdom, United Arab Emirates, Indonesia, and Nepal.
OYO also announced an investment of $50 million (₱2.5 billion) over the next few years to fuel its expansion in the country. The company aims to establish a presence in 10 cities by 2020 and generate over 1,000 new jobs.
“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 travelers visiting the country. Our growth in the country will be fueled by strong local leadership and a team of young hospitality enthusiasts,” OYO Hotels and Homes COO Abhinav Sinha said.
“We believe that by setting foot in the Philippines, we are advancing our vision of strengthening our foothold in Southeast Asia,” Sinha added.
The company has started hiring in December, with several job positions available such as hotel operations managers, accountants, property portfolio managers, and customer relations managers.
Founded in 2013, OYO is India’s fastest growing network of branded hotels. The company currently has over 8,500 hotels in its platform.
OYO provides customers with standardized rooms at affordable prices. Every OYO room has air conditioning, complimentary breakfast, WiFi, and 24/7 customer support. Partner hotels see a significant increase in occupancy levels and become part of a brand that is recognized worldwide.
