OYO Hotels and Homes, South Asia’s largest and the world’s third-largest and fastest-growing chain of leased and franchised hotels, homes & living spaces today announced that within a span of 6 months, it has reached a milestone of 100+ hotels in the Philippines. The hospitality chain has already expanded its footprint to 15 cities across the country while adding 3,000 exclusive keys to its chain of hotels. Backed by strong local talent and execution, the company has been consistently growing its footprint in the country while proving its strong commitment towards adding value to the country’s hospitality industry.
Today, OYO Hotels has presence in Luzon, Visayas and Mindanao, specifically in the cities of Manila, Makati, Mandaluyong, Muntinlupa, Quezon Taguig, Cebu and Davao. Since opening its doors in the Philippines, OYO has seen steady growth with a tremendous increase in the number of guests. This is a testament to the quality accommodation OYO brings to the country with its chic hospitality experiences. Popular among international and domestic travellers – including business travellers and young families and couples on leisure trips, OYO hotels are highly sought in the metro cities, and townships and smaller towns across the nation. To date, the highest number of bookings have been recorded in Manila, Cebu and Davao.
Commenting on this milestone, Ankit, Country Head, OYO Hotels & Homes said, “The 100th hotel in the Philippines is a big moment for us. Within six months since our launch in the country, OYO has captured the imagination of millions of value-conscious and globetrotting travellers in the country. With expanding to 15+ cities, we are reinforcing our mission of creating quality living spaces for everyone and are geared towards expanding operations to many more cities across by 2019-end. The Philippines is a very important market for us and we have already committed over $50 million investment. This pace of growth has been possible thanks to the active participation of hundreds of asset owners, OYO’s loyal customers, and over 200 OYOpreneurs (employees) across the Philippines.”
Ricardo Gumanit, the proud owner of OYO 165 Circle B Apartelle & Suites, said: “For small hotels like ours, running the business proved to be a challenge due to the lack of experience and proper resources. That is until OYO came in. OYO helps us manage and control our system. They also helped us establish an entire system for bookings, reservations and guest management. The compelling marketing strategy of OYO drives more customers through online channels and the stringent training they offer to our staff makes it easier to resolve guest escalations. I strongly recommend OYO to small hotels like ours.”
Tech-driven hospitality, empowering small-scale hoteliers
Launched in 2013, OYO has revolutionized the fragmented and legacy-driven budget hospitality space by empowering small and independent asset owners with the operational capabilities and technology that enables them to compete with big hotel chains and achieve high occupancies and therefore yields.
Around the world, OYO Hotels continues to bring its successful model of combining design, hospitality, and technological expertise, financial acumen and operational capabilities to real estate owners, giving them the ability to get a higher return on investments, access easy financing opportunities, transform their hotels, and offer good quality customer service, thereby significantly increasing occupancy and profitability – in every OYO building. There are over 23,000 of these buildings worldwide.
Known worldwide for its innovative chic offerings that have impacted hospitality experiences positively, OYO Hotels has attracted some of the world’s leading investors, including Airbnb, SoftBank Vision Fund, Lightspeed Venture Partners, Greenoaks Capital, Sequoia India, and Hero Enterprise. With the support of the investors, asset owners around the world and customers, OYO is today a leading player in the hospitality industry in every country where it has a presence.