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OYO Hotels & Homes – the world's fifth-largest hotel chain, the largest in South Asia, the largest in China, and the fastest-growing in the hotel, home, and living space franchising and leasing sector – has officially launched in Vietnam. OYO Hotels has achieved great success and established a strong foothold in Southeast Asian countries such as Malaysia, the Philippines, and Indonesia. With the launch in six Vietnamese cities, OYO Hotels plans to further expand its brand presence in Vietnam, offering high-tech travel experiences to tourists through quality rooms at reasonable prices.
Anil Goel, Global Head of Product and Technology at OYO Hotels & Homes, shared insights into OYO's growth.
Starting with over 90 franchised hotels across 6 provinces and cities, including Hanoi, Ho Chi Minh City, Da Nang, Phu Quoc, Vung Tau, and Nha Trang, OYO Hotels plans to expand its operations to 10 cities by the end of 2020. The OYO hotel chain has also committed to investing over US$50 million in Vietnam in the coming years with the goal of promoting the development of the hotel market in Vietnam and creating quality living spaces and affordable vacation options for everyone. Furthermore, OYO Hotels aims to create over 1,500 direct and indirect jobs, contributing to the overall development of the Vietnamese economy.
Dustyant Dwibedy, General Manager of OYO Vietnam, shared his insights on OYO's future impact on the hospitality industry.
Sharing his thoughts on the company's growth, Anil Goel, Global Head of Product and Technology at OYO Hotels, said: “OYO is synonymous with high-quality, reliable, and affordable hotel experiences worldwide. OYO is committed to creating comfortable and quality travel and accommodation experiences for millions of customers in Vietnam, while also helping hotel owners improve their business performance.”
MC Thanh Thanh Hien (left) and the guests during the Q&A session with reporters.
Speaking about OYO's future impact on the hospitality industry, Dushyant Dwibedy, General Manager of OYO Vietnam, said: “Vietnam is an important market for OYO. With the goal of becoming the most beloved hotel chain in Vietnam, OYO's top priority is ensuring that customers in Vietnam receive top-tier hotel services according to OYO's international standards. We aim to expand OYO's business to 10 cities with over 20,000 exclusive rooms by the end of 2020 and become a familiar name for both Vietnamese and international travelers.”
