India’s OYO Rooms (also know as OYO hospitality and Homes) officially launched its hotels in Thailand earlier this month and declared its ambition to possess two million rooms under management in Southeast Asia by 2025.
Speaking at the launch, Mandar Vaidya, OYO’s chief executive officer for Southeast Asia and the Middle East, said, “South East Asia and especially Malaysia was OYO’s initial foray outside of India. Today, OYO has its presence in more than 250 cities with quite 2,500 franchised and leased hotels across Malaysia, Indonesia, Philippines, and Vietnam. That number will rise with the addition of OYO Thailand.”
He added that the expected inflow of tourists significantly from Asia to Thailand, and the accumulated frequency of flights by airlines into Thailand, will reinforce OYO’s market leadership position within the region and facilitate it achieve its goal.
In Thailand, OYO has launched 250 franchised hotels with 8,000 rooms in 13 cities as well as the popular destinations of Bangkok, Pattaya, Phuket, and Hua Hin.
Adding Thailand to the portfolio of nations within which it operates is a very important milestone in OYO’s growth into Southeast Asia and is anticipated to play a big role within the growth of its business within the region.
Country head of OYO Thailand, Ashutosh Singh, remarked that the group’s mission is to upgrade all forms of real estate and enable the middle class to travel.
“The hospitality industry goes through a process of innovation and evolution with technology at the core of it all,” he said.
“OYO is committed to partner with the govt of Thailand and agencies like the Tourism Authority of Thailand to leverage technology to design new offerings and draw a lot of tourists to Thailand. we are committed to providing a superior stay and travel experience to several guests in Thailand whereas serving to improve the yield for independent hoteliers in the country,” Singh added.
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