India’s Oyo launches in Thailand
Group comprises 8,000 rooms across 250 hotels in 13 cities in the country
Softbank-backed Oyo Hotels has made an entry into Thailand.
The properties comprise 8,000 rooms across 250 hotels in 13 cities including Bangkok, Pattaya, Phuket and Hua Hin.
Oyo’s hotel chain will utilise its model of combining design, hospitality, technological expertise, financial acumen and operational capabilities to Thailand, giving asset owners the ability to get a higher return on investments, access easy financing opportunities, transform their hotels, and offer good quality customer service, thereby significantly increasing occupancy and profitability
Alpana Dubey, deputy chief of mission, Embassy of India to Thailand said with more than 2 million tourists from India expected in Thailand this year and Oyo has a key role to play in transforming Thailand’s tourism landscape.
Speaking about this, Mandar Vaidya, chief executive officer, South East Asia & Middle East, Oyo Hospitality & Homes said: “South East Asia and in particular Malaysia was Oyo’s first foray outside of India. Today, Oyo is present in more than 250 cities with more than 2,500 franchised and leased hotels across Malaysia, Indonesia, Philippines and Vietnam. That number will rise with the addition of Oyo Thailand.
“The addition of Thailand to the Oyo family in South East Asia and the expected influx of tourists particularly from Asia to Thailand, and the increased frequency of flights by airlines into Thailand will reinforce our market leadership position in the region and help us achieve our goal of having two million rooms under management in Southeast Asia by 2025”, he added.
