OYO Hotels and Homes 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.
“The 100th hotel in the Philippines is a big moment for us. 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,” Ankit, Country Head, OYO Hotels & Homes said, commenting on this milestone.
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.