Magandang Araw, Philippines! As part of our successful foray into Southeast Asia with strong operations in Malaysia and Indonesia, OYO Hotels & Homes today has reached a very important milestone in our journey towards consolidating our leadership in the region. We are officially launching operations in the beautiful and vibrant Philippines! With this, we are now present in eight countries including India, China, UK, UAE, Malaysia, Indonesia, and Nepal.
Starting operations with over 21 franchised and leased hotels, 500+ rooms, spread across the cities of Metro Manila, Tagaytay, and Cebu, we are here to redefine hospitality landscape. By 2020, we are aiming to take the OYO experience to over 10 cities, 20,000+ rooms and become the number one franchised and leased hotel chain for domestic as well as international travellers in the Philippines.
We are also committing an investment of over $50 million to the country with the mission of transforming its hospitality landscape. As a part of this commitment to the Philippines, we also aim to generate over 1,000 direct and indirect employment opportunities in the country. Together with our expected contributions in the other South Asian nations, we aim to generate over 100,000 economic opportunities in the region by 2020.
The Philippines’ rich biodiversity coupled with mesmerising beaches and booming commercial centres makes it a veritable delight for leisure and business travellers alike. In 2018, the Philippines welcomed a record-breaking number of tourists and we are keen to contribute to breaking that record in 2019. A strong and sustainable hospitality ecosystem, which is propelled by our proprietary technology, efficient operations, staff training, civil transformation, inventory management, revenue management, and customer relationship practices will get us there.
We warmly welcome our guests and asset owners in the Philippines. OYO Hotels promises to be a trusted solution for all your travel and business needs. We look forward to hosting you!