{"id":4913,"date":"2019-09-06T01:00:46","date_gmt":"2019-09-06T01:00:46","guid":{"rendered":"http:\/\/zestmag.com\/online\/?p=4913"},"modified":"2020-02-29T08:33:03","modified_gmt":"2020-02-29T08:33:03","slug":"oyo-hotels-homes-appoints-mandar-vaidya-as-ceo-for-southeast-asia-and-the-middle-east","status":"publish","type":"post","link":"https:\/\/zestmag.com\/online\/oyo-hotels-homes-appoints-mandar-vaidya-as-ceo-for-southeast-asia-and-the-middle-east\/","title":{"rendered":"OYO Hotels & Homes appoints Mandar Vaidya as CEO for Southeast Asia and the Middle East"},"content":{"rendered":"\n

OYO Hotels & Homes, the world\u2019s third largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, today announced the appointment of Dr. Mandar Vaidya as chief executive officer for Southeast Asia and the Middle East effective August 1, 2019. This appointment comes in light of the company\u2019s efforts to continue to invest in and attract world-class leadership as part of its focus on driving accelerated growth in two of its high-potential markets\u2014Southeast Asia and the Middle East.<\/strong><\/p>\n\n\n\n

A seasoned professional\nwith more than 15 years of experience, Dr. Vaidya will be responsible for\ndriving business growth for OYO in these two regions, which include markets such\nas Indonesia, Malaysia, the Philippines, Vietnam, the UAE and the Kingdom of\nSaudi Arabia. The company has committed more than US$200 million in investment\nin Southeast Asia, which will help in fueling its aggressive expansion plans in\nthe region over the next couple of years. <\/p>\n\n\n\n

OYO Hotels continues to\nbring its successful model of combining design, hospitality and technological\nexpertise, financial acumen and operational capabilities to hotel owners around\nthe world, enabling them to achieve a higher return on investments, access easy\nfinancing opportunities, transform their hotels and offer good-quality customer\nservice toward significantly increasing occupancy and profitability in every\nOYO building. There are more than 23,000 of these buildings worldwide, with over\n1,500 buildings located in Southeast Asia and the Middle East. <\/p>\n\n\n\n

OYO started with the\nbelief that everyone deserves a beautifully designed and comfortable living\nspace. Committed to changing the way people live, OYO continues to transform\nunbranded hotels into quality living spaces, offering them at affordable prices\nin the best locations around the world.<\/p>\n\n\n\n

Commenting on the development, Ritesh Agarwal, founder and CEO of OYO Hotels & Homes, said, \u2018\u2019We are thrilled to welcome Mandar to the OYO family as he takes on the responsibility of strengthening OYO\u2019s presence in Southeast Asia and the Middle East. He exhibits the true characteristics of an OYOpreneur and has the problem-solving attitude necessary to help OYO move toward its goal of transforming the global hospitality landscape. These two markets are crucial to our international expansion strategy as we are currently delivering high-quality accommodation experience to guests in Indonesia, Malaysia, the Philippines, Vietnam, the UAE and the Kingdom of Saudi Arabia. Under Mandar\u2019s leadership, we look forward to establishing a strong relationship with asset owners in these regions while staying true to our mission of delivering a chic hospitality experience at hard-to-ignore prices. I wish him the best for the journey ahead.\u2019\u2019<\/p>\n\n\n\n

Before joining OYO, Dr.\nVaidya worked at McKinsey and Co. for 15 years from 2002 to 2017, where he was\na partner and led the health services practice in India and the hospitals\npractice for Asia. His work focused on operations\u2014both hospitals and\npharmaceutical companies\u2014and health policy. He also led the Delhi office of\nMcKinsey for four years. After this long stint, Mandar went on a sabbatical for\ntwo years. He also taught a problem solving course at Ashoka University’s Young\nIndia Fellowship program.<\/p>\n\n\n\n

Dr. Mandar Vaidya, newly appointed chief executive officer, OYO Hotels & Homes, Southeast Asia and Middle East, said, \u2018\u2019Today, OYO Hotels & Homes is synonymous with quality stays and innovation, and is driven by passionate individuals who are working toward a mission. I am thrilled to be a part of this ecosystem that is shaping the company\u2019s future in Southeast Asia and the Middle East, which are critical growth markets for the company. In a short span of six years, OYO has established itself as the world\u2019s fastest-growing chain of hotels, homes and living spaces while being the preferred choice of millions of customers and asset owners. I am keen to work with the best minds in the industry to drive value for every stakeholder as we come together to create something exciting.\u2019\u2019<\/p>\n\n\n\n

Dr. Vaidya is a qualified\nmedical doctor, having completed his MBBS and internship from Grant Medical\nCollege and JJ Hospital in Mumbai. After a brief stint as a medical officer, he\nopted out of an MD in Obstetrics and Gynecology and pursued an MBA at Jamnalal\nBajaj Institute, Mumbai.<\/p>\n\n\n\n

Today, OYO Hotels & Homes\nhas more than 1,260 hotels and over 32,600 exclusive rooms under management in\nSoutheast Asia and more than 275 hotels and homes with over 8,000 exclusive\nrooms in the Middle East. The hospitality chain forayed into Southeast Asia in\n2016 with its first room in Malaysia and has grown its presence to more than\n125 cities in Indonesia, the Philippines, Malaysia and Vietnam. <\/p>\n\n\n\n

OYO has a strong presence\nacross 10 cities in the Philippines, including Boracay, Davao and Cebu, with 2,100\nrooms in 75 hotels. With Dr. Vaidya\u2019s appointment,\nOYO will continue to remain committed to providing quality service and\nexperience to travelers in the Philippines by transforming properties across\nthe country.<\/p>\n\n\n\n

***<\/h2>\n\n\n\n

About OYO Hotels & Homes:<\/strong><\/p>\n\n\n\n

Opening its doors in\n2013, OYO Hotels & Homes is the world\u2019s third-largest chain of hotels,\nhomes, managed living and workspaces. The portfolio combines fully operated\nreal estate comprising more than 23,000 hotels and 46,000 vacation homes. OYO\nalong with Vacation Homes categories managed by the company under OYO Homes,\nBelvilla and Dancenter brands can be found in more than 800 cities in 80\ncountries, including the U.S., Europe, U.K., India, Malaysia, Middle East,\nIndonesia, Philippines, and Japan. For more information, log onto  <\/a>https:\/\/www.oyorooms.com\/<\/a><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The move reiterates OYO\u2019s commitment to two of its most important regions\u2014Southeast Asia and the Middle East. Mandar\u2019s rich experience in management consulting, in particular service operations, will fuel OYO\u2019s mission of creating quality spaces.<\/p>\n","protected":false},"author":3,"featured_media":4914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,4,13],"tags":[2217,2216,2215],"class_list":["post-4913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-profiles","category-newsmakers","category-business-builders","tag-appointments","tag-mandar-vaidya","tag-oyo-hotels-homes"],"_links":{"self":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/4913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=4913"}],"version-history":[{"count":2,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/4913\/revisions"}],"predecessor-version":[{"id":4916,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/4913\/revisions\/4916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/4914"}],"wp:attachment":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=4913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=4913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=4913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}