The Indian Hotel chain OYO Rooms (also know as OYO Hospitality and Homes) officially launched its hotels in Thailand earlier this month and declared its ambition to have two million rooms under management in Southeast Asia by 2025.
Speaking at the launch, Mandar Vaidya, OYO’s CEO for Southeast Asia and the Middle East, said, “South East Asia and in particular Malaysia was OYO’s first foray outside of India. Today, OYO is present in more than 250 cities with more than 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 influx of tourists particularly from Asia to Thailand, and the increased frequency of flights by airlines into Thailand, will reinforce OYO’s market leadership position in the region and help it achieve its goal.
In Thailand, OYO has launched 250 franchised hotels with 8,000 rooms in 13 cities including the popular destinations of Bangkok, Pattaya, Phuket and Hua Hin. Adding Thailand to the portfolio of countries in which it operates is an important milestone in OYO’s expansion into Southeast Asia and is expected to play a significant role in the growth of its business in the region.