MUMBAI, Oct. 20 (Xinhua) -- Indian-owned hospitality company OYO has extended its services in Indonesia and decided to invest over 100 million U.S. dollars in the country as part of its expansion in Southeast Asia.
OYO has started its operations with over 30 hotels and more than 1,000 rooms in Jakarta, Surabaya and Palembang, according to the Press Trust of India.
The hospitality giant is seeking to expand the brand in Indonesia along with offering benefits of its service experience to asset owners, property investors and travellers in country.
OYO founder and CEO Ritesh Agarwal told the press, "We intend to invest over 100 million USD in this high-growth market and plan to grow in the top 35 cities in Indonesia, including Yogyakarta, Bandung and Bali, over the next 15 months."
OYO is seeking to create over 60,000 direct/indirect livelihood opportunities in Indonesia and ready to tap this opportunity of the market since Indonesia is one of the top choices for the both global and Indian travellers.
