Indian hospitality startup OYO has launched in Indonesia, starting with 30 properties operated under lease or franchise agreements in three cities.
The company says it will invest $100 million in Indonesia as it expands its operations to the country’s top 35 cities over the next 15 months.
"We’ve been at the forefront of the small and budget hotels revolution in India, China, Malaysia and Nepal, and have recently forayed into the United Kingdom and the United Arab Emirates,” says Ritesh Agarwal, OYO founder and CEO.
“Building the category grounds‐up, we have employed technology and operational acumen to deliver delight to our customers and unique benefits to partners. 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.”
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