OYO to invest US$50M for Philippines expansion
Southeast Asia’s budget hotels aggregator OYO Hotels and Homes has announced its launch in the Philippines.
Starting with over 21 franchised and leased hotels, OYO’s current footprint includes presence in Metro Manila, Tagaytay and Cebu as it plans to grow to 10 cities by 2020.
OYO Hotels would be franchising and leasing assets while transforming them into quality living spaces.
The company has also committed an investment of over US$50 million over the next few years in the country, and aims to generate over 1,000 direct and indirect jobs.