OYO Hotels and Homes have expanded its footprint from three to 10 cities in Nepal on May 4 within two years of its operations in Nepal and are currently present across Pokhara, Dhulikhel, Bhaktapur, Nagarkot, Chitwan, Biratnagar, Hetauda, Nepalgunj and Dhangadhi. Over 200 franchised hotels with over 3,400 exclusive rooms have become part of OYO’s chain in Nepal and the company states in the press statement that it has been consistently growing its footprint in the country while reiterating its strong commitment towards adding value to Nepal’s hospitality industry.
Commenting on the development, Aditya Ghosh, CEO - India & South Asia, OYO Hotels and Homes said that the company has learnt a lot from the country’s hospitality landscape and the huge opportunity it offers, and are focused on growing presence to ensure high-quality, affordable experiences for tourists while driving high and consistent yields for asset owners. “We have recently announced an investment of INR 1,400 crores for India and South Asia and 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,’’ highlighted Ghosh.
