OYO Homes & Hotels has opened its doors to welcome guests looking for quality living experiences at affordable prices in Indonesia. We plan to expand to 35 cities in Indonesia by 2019 with a $100 million investment. This reiterates our commitment to South East Asia and puts us on the path to create the largest hospitality chain in the world.
Starting with operations in three cities including, Surabaya, and Palembang with 30 beautiful properties that offer more than 1000 rooms, we will expand to the top 35 cities in Indonesia, including Yogyakarta, Bandung, Bali, over the next 15 months. We are excited to bring our full-stack technology led hospitality model to hoteliers and travellers in Indonesia. We are committed to continuing to build solutions that have a positive impact on local communities and our asset owners while generating directly and indirectly lucrative job opportunities for locals. By 2020, we aim to create over 60,000 job opportunities in the country, with the aim to strengthen the hospitality and real estate landscape in Indonesia. With our technology-driven approach to innovation and operational expertise, we will enhance and ensure the best customer experience and asset owner experience.
Indonesia attracts approximately 15 million tourists from all over the world. It offers a unique combination of tropical climate, vast archipelago and a long stretch of beaches, and is complemented by a rich cultural heritage that reflects Indonesia’s dynamic history and ethnic diversity. Here is a fact that will interest you: Nearly 5 lac Indian tourists visited Indonesia in the year 2017 which was a 30% increase from the previous year. So now, when you travel there, you know you have a trusted partner in us for all your accommodation needs – for a true home away from home experience.
We can’t wait to bring OYO’s unique value proposition to all of Indonesia- from Bandung to Bali and everywhere in between.