Kathmandu, May 3
OYO Hotels and Homes, South Asia’s largest, China’s second largest and the world’s fastest-growing chain of leased and franchised hotels, homes and living spaces has achieved a significant milestone and expanded its footprint from three to 10 cities in Nepal.
The company launched its operations in Kathmandu in May 2017 and is currently present across Pokhara, Dhulikhel, Bhaktapur, Nagarkot, Chitwan, Biratnagar, Hetauda, Nepalgunj and Dhangadhi, as per a media release.
Over 200 franchised hotels with 3,400-plus exclusive rooms are part of OYO’s chain in Nepal.
“We have recently announced an investment of INR 14 billion for India and South Asia and with Nepal as a strategic market, we are working tirelessly to transform the country’s hospitality industry by adding value to every form of real estate and creating quality living spaces,” the release has quoted Aditya Ghosh, CEO for India and South Asia, OYO Hotels and Homes, as saying.
Post gaining a stronghold in its home markets India and China, Nepal has emerged as the next big opportunity for OYO Hotels and Homes, the release adds. “There is a huge disconnect between
demand and supply of quality living spaces, forcing travellers and Nepalis to compromise on location, quality and price.”
OYO uses technology and talent to fix this problem. On average, properties that become a part of the OYO hotel chain witness up to 65 per cent occupancy.
Since its launch in Nepal, OYO has transformed 200-plus hotels to ensure standardisation and consistency in guest experience.
Since its foray, the company has expanded its footprint in the country by adding over 200 franchised and OYO branded hotels with comfortable, furnished rooms, which include modern amenities including complimentary breakfast, spotless linen, free wi-fi, television and 24/7 support. Over 3,400 exclusive rooms are a part of its chain in the country.
A version of this article appears in print on May 04, 2019 of The Himalayan Times.