Indian hospitality startup OYO Hotels intends to invest over $100 million in this high growth market and plans to expand to the top 35 cities in Indonesia, including Yogyakarta, Bandung, Bali, over the next 15 months.
At the time of entry, OYO Hotels will offer guests the high quality and affordable experience perfectly suited for the needs of millennial travelers, aspiring for hassle-free accommodations.
These properties will be operated under models of machine, lease with full inventory control similar to other markets like India and China. These hotels will provide affordable and trusted living options for Indian, Indonesian and International tourists, business travelers, and local city-dwellers.
OYO said that this expansion is in line with its quest to support Indonesia’s hospitality ecosystem and creating infrastructure for asset owners to grow and run successful businesses, all of this while ensuring high standards of quality.