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OYO Hotels to invest $100m in Indonesia

Indian budget hotel chain says it is ahead of plans to expand into 100 cities

An Oyo hotel in Noida, near New Delhi. (Photo by Akira Kodaka)

JAKARTA -- Indian budget hotel chain OYO Hotels and Homes said it is planning to invest $100 million in Indonesia, or half of the total amount earmarked for Southeast Asia, to strengthen its presence there within the next two years. 

Indonesia is key to OYO’s growth in Southeast Asia and globally, said founder and group CEO Ritesh Agarwal in a statement.

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