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Wed 7 Aug 2019 02:02 PM

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India's Oyo hires new CEO to drive Middle East expansion

Oyo Hotels and Homes has announced the appointment of Dr Mandar Vaidya as CEO for Middle East and Southeast Asia

India's Oyo hires new CEO to drive Middle East expansion
Ritesh Agarwal, founder and CEO of Oyo Hotels & Homes.

Oyo Hotels and Homes, the India-based global hospitality chain, has announced the appointment of Dr Mandar Vaidya as the CEO for Middle East and Southeast Asia.

The appointment, effective August 1, comes as part of its ongoing focus to drive accelerated growth in two of its high potential markets – Middle East and Southeast Asia.

“Vaidya would be responsible for driving business growth for OYO in these two regions, which include markets like UAE, the Kingdom of Saudi Arabia Indonesia, Malaysia, the Philippines and Vietnam,”, Oyo said in a statement.

Before joining Oyo, Vaidya was working at McKinsey and Co for 15 years, mostly in India with stints in Singapore and the UK.

At McKinsey, he was a partner and led the health services practice in India, and the hospitals practice for Asia.

“These two markets – Middle East and Southeast Asia - are crucial to our international expansion strategy and in a brief period of time, we are delivering high-quality accommodation experience to guests in these countries including UAE and the Saudi Arabia," said Ritesh Agarwal, founder and CEO of Oyo Hotels & Homes.

"Under Mandar’s leadership, we look forward to establishing a strong relationship with asset owners in these regions," he added.

Oyo Hotels and Homes has over 275 hotels and homes with 8,000 exclusive rooms in the Middle East and 1,260 hotels and 32,600 exclusive rooms under management in Southeast Asia.

The company has also extended its multi-brand strategy to UAE by introducing Oyo Home and Capital O recently.

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