Hospitality firm OYO on Thursday announced its launch in Indonesia after entering into the markets of UK and Dubai this year.
Starting operations with over 30 exclusive hotels and more than 1,000 rooms in three cities — Jakarta, Surabaya, and Palembang — the company is ready to offer benefits of its hospitality experience to asset owners, property investors and travelers in Indonesia, OYO said in a statement.
Ritesh Agarwal, Founder, and CEO, OYO, said, “Indonesia is one of the top choices for both global and Indian travelers and with our market learnings and expertise we are ready to tap this opportunity.”
According to OYO, “This expansion is in line with our quest to support the country’s hospitality ecosystem and creating infrastructure for asset owners to grow and run successful businesses, all of this while ensuring high standards of quality.”
“We want our potential guests and partners to know that with OYO Hotels they’ve found a trusted solution for all their travel and business needs. 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,” he added.
According to Ritesh, OYO has enabled over 100K job opportunities in South Asia and looks forward to creating over 60K direct and indirect livelihood opportunities in Indonesia as well.