OYO Hotels appoints new CEO for ME, Southeast Asia

DUBAI: OYO Hotels and Homes, the world’s thirdlargest and fastest-growing chain of leased and franchised hotels, homes & living spaces has announced the appointment of Dr. Mandar Vaidya as the Chief Executive Officer for Southeast Asia and the Middle East, effective August 1, 2019. This appointment comes as a part of the company’s efforts to continue to invest in and atract worldclass leadership, as part of its ongoing focus to drive accelerated growth in two of its high potential markets - Southeast Asia and the Middle East.

A seasoned professional with over 15 years of experience, Dr. Vaidya would be responsible for driving business growth for OYO in these two regions, which include markets like Indonesia, Malaysia, the Philippines, Vietnam, UAE, and the Kingdom of Saudi Arabia. The company has already commited over $200 Million in investment in Southeast Asia which will help in fueling its aggressive expansion plans in the region over the next couple of years.

OYO Hotels continues to bring its successful model of combining design, hospitality, and technological expertise, financial acumen and operational capabilities to real estate owners around the world, giving them the ability to get a higher return on investments, access easy financing opportunities, transform their hotels, and offer good quality customer service, thereby significantly increasing occupancy and profitability – in every OYO building. There are over 23,000 of these buildings worldwide with 1,500+ buildings being located in Southeast Asia and the Middle East.