OYO expands to Vietnam with 90+ hotels across 6 cities

OYO LOGOOYO Hotels & Homes has announced the opening of its doors in Vietnam as it continues to strengthen presence in South East Asia. The company also eyes spot to become the leading hotel chain in Indonesia with 1,082 hotels having already joined OYO’s chain – 720 hotels are fully operational and more than 300 upcoming hotels that are under transformation – with a total of 19,750 rooms spread across 80 cities. Philippines and Malaysia also reported continuing growth in assets under management with 8,000 and 1,300 exclusive rooms, respectively.

Starting with over 90 franchised hotels, spread across 6 cities, including Hanoi, Ho Chi Minh, Da Nang, Phu Quoc, Vang Tau and Nha Trang, OYO Hotels plans to expand its footprint to 10 cities in Vietnam by 2020-end. The hospitality chain has also committed an investment of over $50 million over the next few years in the country with the mission of transforming its hospitality landscape and creating quality affordable accommodations. The hospitality chain has also committed an investment of over $50 million over the next few years in Vietnam with the mission of transforming its hospitality landscape and creating quality affordable accommodations. As a part of its continued commitment to the country, OYO Hotels aims to generate over 1,500 direct and indirect jobs that will help support the economic trajectory of Vietnam.