Wednesday 22 January 2020

Oyo to pump $300m in US market expansion plan

DUBAI, June 20, 2019

Oyo Hotels & Homes, the world's fastest-growing chain of leased and franchised hotels, homes & living spaces, has announced plans to invest $300m to expand in the US.

By combining the best of both worlds - traditional high-quality and consistency, along with the design focus of a new-age brand - Oyo plans to partner, manage and open the doors to on an average one hotel building per day. The company has already generated over 1,000 jobs. This growth will be driven by two brands - Oyo Hotels & Oyo Townhouse, the company said in a statement.

The group, which opened its first US hotel at the beginning of the year, is keen on widening its reach in the US. Oyo already operates more than 50 properties across numerous US cities including Dallas, Houston, Atlanta and Miami and promises to soon expand its presence to cities like New York, Los Angeles and San Francisco, it said.

“We, at Oyo, are thrilled to see our business grow in the US, our newest home market. We promise to bring new age hospitality experience at a price point you never imagined; select service hotels are finally going to be fun and beautiful,” said Abhinav Sinha, COO, Oyo Hotels & Homes, Global. “We are in the largest country in the world when it comes to the hospitality industry and there is a definite need here for chic and comfortable hospitality experiences at prices never thought of before. It’s going to be all about #LivingTheGoodLife at an Oyo near you, and we are excited to continue delivering sincerely against our mission,” he added. - TradeArabia News Service


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