HomeInsideOYO Rooms Continues its International Expansion, Forays into the Indonesian Market

OYO Rooms Continues its International Expansion, Forays into the Indonesian Market

Reader's Pick

[bs-quote quote=”Indonesia is one of the top choices for both global and Indian travelers and with OYO’s market learning and expertise the company is ready to tap this opportunity” style=”style-8″ align=”center” author_name=”Ritesh Aggarwal” author_job=”OYO Rooms Founder and CEO”][/bs-quote]

As per sources, the hospitality firm OYO Rooms has begun operations in Indonesia with an investment of more than $100 million as a part of its South-Asian expansion plans.

With a network of thirty exclusive hotels in conjunction with thousand plus rooms in three cities namely Jakarta, Surabaya, and Palembang, the company is ready to extend hospitality benefits to asset owners, property investors as well as travelers, a report from OYO read.

A couple of days earlier, OYO rooms had expanded into the UAE market and this is their second expansion streak in a week. “We intend to invest over $ 100 million in this high growth market and plan to expand to the top 35 cities in Indonesia, including Yogyakarta, Bandung, Bali, over the next 15 months,” said OYO Rooms’ Founder and CEO Ritesh Aggarwal.

- Advertisement -

“Indonesia is one of the top choices for both global and Indian travelers and with OYO’s market learning and expertise the company is ready to tap this opportunity,” he further added.

With this expansion, the firm is aiming to create more than 60,000 (direct or indirect) jobs in Indonesia.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Budget 2023 Wishlist: Expectations from Bikanervala, CEF Group & Indian Auto LPG Coalition

The upcoming budget for 2023-24 has sparked interest and anticipation among dif...

Telecom sector has high expectations from the 2023 budget: Gaurav Gandhi, CEO of Echelon Edge

Speaking on the Union Budget 2023 expectations, Gaurav Gandhi, Founder & CE...

Union Budget 2023: What Are the Pre-Budget Expectations for the FinTech and Digital Lending Sector?

As the poster child of India’s digital growth story, the FinTech sector is pois...