May 6: OYO Hotels and Homes, an international chain of fast growing franchised hotels, has expanded its footprint from three to 10 cities in Nepal. The company launched its operations in Kathmandu in May 2017 and is currently present across Pokhara, Dhulikhel, Bhaktapur, Nagarkot, Chitwan, Biratnagar, Hetauda, Nepalgunj and Dhangadhi.

According to the company, over 200+ franchised hotels with 3,400+ exclusive rooms are a part of OYO’s chain in Nepal.

“Backed by strong local talent and execution, the company has been consistently growing its footprint in the country while reiterating  its strong commitment towards adding value to Nepal’s hospitality industry,” reads a statement issued by OYO.

Commenting on the development, Aditya Ghosh, CEO of OYO Hotels and Homes for India and South Asia, said, ‘’We commenced our operations in Nepal and have learnt a lot from the country’s hospitality landscape and the huge opportunity it offers. We are focused on growing our presence to ensure high-quality, affordable experiences for tourists while driving high and consistent yields for asset owners.”

Ghosh said that the company is investing IRs 14 billion (Rs 22.4 billion) for India and South Asia.

“With Nepal as a strategic market, we are working tirelessly to transform the country’s hospitality industry by adding value to every form of real estate and creating quality living spaces,’’ he added.

After gaining a stronghold in its home markets in India and China, OYO Hotels and Homes said Nepal has emerged as the next big opportunity for the company.

The statement further said there is a huge disconnect between demand and supply of quality living spaces, forcing travellers and Nepalese to compromise on location, quality and price. OYO said it uses technology and talent to fix this problem. 

Since its launch in Nepal, OYO claimed it has transformed over 200+ hotels to ensure standardization and consistency in the guest experience. The company’s approach towards transforming and renovating living spaces is powered by technology.

Aditya further added, ‘’We are persistent in bringing the best OYO experience to Nepal for global travellers and are committed to the country’s vision 2020.  Our expansion to 10 cities in Nepal is a testament to the trust and confidence that our asset owners and guests have shown in us.  We will continue to deepen and widen our presence in the country in the coming months.’’