Oyo Launched Its Operation in Nepal, Target to Acquire 100 Properties in This Year
Budget hotel platform Oyo has forayed into Nepal with a target of on-boarding 100 properties by the end of this year.
The room aggregator, which opened its first property here, is also looking to roll out its Townhouse brand in the Himalayan nation, which of late is witnessing a tourist influx after a back-breaking earthquake in 2015.
According to official statistics, of the 174,803 tourists who visited Nepal in 2016, most were from India.
The entry into Nepal comes on the heels of its foray in Malaysia. The plan is to set up 100 Oyo hotels in Nepal this year.
While its basic model is meant for the value- and cost-conscious traveller, Townhouse caters to those who do not mind paying slightly more for a better service.
"Our core premise is right pricing and right location wit...