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[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.
“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.