Wednesday, May 8

Tag: OYO Hotels

OYO Launches Palette Resorts, Enters Upscale Hotels’ Category
BUSINESS

OYO Launches Palette Resorts, Enters Upscale Hotels’ Category

The pocket-friendly hospitality chain OYO Hotels has announced that it has entered into the upscale hotels' category, that starts with a range of resorts, christened as Palette Resorts. The company stated that It is organizing a range of resorts that will offer exclusively designed staycations. These will basically cater to those people who are in search of an intuitive experience at competitive prices. “OYO’s genesis lies in enabling value-driven, trustworthy experience for its guests while operating high-yielding successful businesses for its asset partners. With Palette by OYO, we are expanding our playfield to upscale resorts, while remaining committed to our core value proposition - location, quality, and price. These are hand-picked, premium accommodations that guarantee a memora...
OYO to Invest US$20 Million to Fuel its Malaysian Expansion
BUSINESS

OYO to Invest US$20 Million to Fuel its Malaysian Expansion

India’s largest budget hotel network and hospitality chain, OYO Hotels is gearing up to expand its operations in Malaysia and has committed an initial capital of US$20 million for the expansion. The company has plans to expand its Malaysian team from 50 to 500 employees where the leadership and employees will comprise of Malaysian locals. Commenting on the recent development, Abhinav Sinha, chief operating officer, OYO Hotels said, OYO plans to create more than 5,000 new jobs in Malaysia over the next few years, and achieve “twenty-fold increase” by onboarding 1,000 hotels over the next 12 months. We are looking to expand into Sarawak, adding on to the list of 50 hotels it has across major cities in Malaysia, including Kuala Lumpur, Penang, Langkawi, Johor and Melaka. According to Sin...