KATHMANDU: OYO Hotels has expanded its footprint to 10 cities in Nepal. The company, which had launched its operation in Kathmandu in May 2017, has now expanded its business to Pokhara, Dhulikhel, Bhaktapur, Nagarkot, Chitwan, Biratnagar, Hetauda, Nepalgunj and Dhangadhi. It has over 200 franchised hotels with more than 3,400 rooms in its chain.
OYO Hotels and Homes is South Asia’s largest and China’s second largest chain of leased and franchised hotels, homes and living spaces.
Aditya Ghosh, Chief Executive Officer-India & South Asia of OYO Hotels and Homes, said, ‘’We commenced our operations in Nepal and have learnt a lot from the country’s hospitality landscape and the huge opportunity it offers. We are focused on growing our presence to ensure high-quality, affordable experiences for tourists while driving high and consistent yields for asset owners.”
He said that the company had recently announced an investment of INR 140 billion for India and South Asia.
According to the company, Nepal has emerged as the next big opportunity for OYO Hotels and Homes.
There is a huge disconnect between demand and supply of quality living spaces, forcing travellers and Nepalese to compromise on location, quality and price, it said.
Since its launch in Nepal, OYO has transformed over 200 hotels to ensure standardization and consistency in the guest experience. (File Photo)
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