The online hotel aggregator has officially entered Nepal. The launch of this hotel in Kathmandu is OYO’s second venture in overseas markets, according to PTI. The company is known to have ventured into Malaysian markets earlier in January 2016. OYO Founder and CEO Ritesh Agarwal said: âFollowing our successful overseas foray into Malaysia, we are now delighted to ‘To offer the standardized and hassle-free OYO stay experience to travelers visiting Nepal. He said. Agarwal added that OYO has been at the forefront of the small budget hotel revolution in India. Speaking to PTI, he said: “We are delighted with the opportunity to co-create another successful travel and hospitality ecosystem in Nepal”
According to Medianama, the OYO website said the hotel name will be shared after booking. According to this report. the price of the room was set at Rs 1600 and a 25% discount was authorized by the company. The report also states that according to the Immigration Ministry, the largest number of tourists who visited Nepal in 2016 were from India.
Reports say that when the online hotel aggregator launched in Malaysia, it spoke of plans to expand its reach to Southeast Asia, Africa and South America. So it appears the company has changed its plans and focused on smaller areas close to home. It should be noted that OYO deals with small hotels and rents them out to users after standardizing the experience, according to Medianama.