Oyo checks into Nepal, aims 100 hotels in 2017

Oyo Rooms, the budget hotel platform, has stepped into Nepal with an aim of on-boarding almost 100 possessions by the end of 2017.

The room aggregator, which initiated its 1st asset here, is also tending to introduce its ‘Townhouse’ brand in the regions of the Himalayas, which recently is observing a tourist arrival after a strenuous earthquake a couple of years back. According to administrative statistics, of the 174,803 travelers who had a trip to Nepal in 2016, a majority of them were from India. The strategy is to lay down 100 Oyo hotels in Nepal in 2017.

While its fundamental model is meant for the cost- and value-conscious traveler, Townhouse supplies to those who do not have concern paying a little more for an enhanced service. “Our main principle is right location and right pricing with hygiene on the mind,” CEO and Founder of Oyo, Ritesh Agarwal, told media after the launch of its primary possession in Kathmandu. “The brand Oyo permits minute domestic hotel operators to employ innovation and technology to bring in more footfalls.”

To a question on the looming Goods and Services Tax, he stated that GST will be a “great game-changer and enabler.” Greeting the 5% tax block for smaller hotels, Agarwal anticipates a bother-free experience underneath the new unified tax arrangement but does not decree out the issues of teething. As for future investment and fundraising, the firm stated that few strategies are in the pipeline; but it refused to share any specific details.

Asked about the comparatively youthful profile of his squad, where he himself is of 23 years, Agarwal said the payment is on skills with an equal weight on experience. The Deputy Prime Minister of Nepal, Bimalendra Nidhi, initiated the Nepal property of Oyo Rooms, along with the Indian Ambassador, Manjeev Singh Puri, to the Himalayan nation. Established way back in 2013, Oyo has developed its system across 200 cities with 7,000 hotels.

Well, it is just a matter of time for Oyo to extend its business in Nepal and make a fortune out of it. All we can do for now is wish all the luck for Oyo.

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