Mexico on the radar for Oyo Hotels and Homes
India budget hotel chain Oyo Hotels and Homes has yet another new market in its sights.
It has made a first move into Latin America with a handful of hotel signings in Mexico, according to people aware of the development.
It has launched with more than 10 hotels, according to the source.
Oyo has declined to comment, but chief operating officer Abhinav Sinha all but confirmed the news.
"Mexico, being an emerging tourist destination, is surely on the cards. We, however, can’t confirm this at the moment. Oyo continues to look for opportunities to expand its international presence," Sinha told Bloomberg.
A move into Mexico makes sense, purely to boost its brand recognition in the all-important US market.
More than 56% of all international air arrivals to Mexico are from the US.
Oyo recently made a big push in the US market, and signed a landmark deal to take over the Hooters Hotel and Casino in Las Vegas.
In June this year, Oyo announced it would inject $300 million to increase the number of hotels across the US.
The company also revealed this week it has now has a presence in 500 cities in its home market of India.
Globally, Oyo says its portfolio numbers about 23,000 hotels and 125,000 vacation homes.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025