Indian hospitality company OYO Hotels & Homes (OYO) on Wednesday announced that it has appointed Mandar Vaidya as the Chief Executive Officer (CEO) for Southeast Asia and the Middle East.
Concurrently, Gaurav Ajmera has been made the Chief Operating Officer (COO) for India and South Asia.
Vaidya would be responsible for driving business growth in markets including Indonesia, Malaysia, the Philippines, Vietnam, UAE, and the Kingdom of Saudi Arabia, the company said in a statement. The company said it has already committed over $200 million in investment in Southeast Asia.
“These two markets are crucial to our international expansion strategy and in a brief period of time, we are delivering high-quality accommodation experience to guests in Indonesia, Malaysia, the Philippines, Vietnam, UAE and the Kingdom of Saudi Arabia. Under Mandar’s leadership, we look forward to establishing a strong relationship with asset owners in these regions,” Ritesh Agarwal, group CEO of Oyo Hotels & Homes, said.
Prior to joining OYO, Vaidya worked with McKinsey and Co. for about 15 years, from 2002 to 2017. He also taught a problem-solving course at Ashoka University’s Young India Fellowship programme.
Meanwhile, Ajmera will play a key role in growing OYO’s business in South Asia. He will be reporting to Aditya Ghosh, the company’s chief executive officer for India and South Asia, it added.
He is one of the early OYOpreneurs and during his four-year stint as the head of North region, he has been a key driver to the company’s growth and expansion across the country, OYO said.
“In my new role, I look forward to enabling OYO to continue and excel in its mission of creating quality living spaces across India and South Asia. I am super excited to be working closely with Aditya to make this vision a reality,” Ajmera said.
Prior to joining OYO, he had a successful stint with Schlumberger working across various countries in the Middle East in project management and operations. He holds a B.Tech and M.Tech degree in Chemical Engineering from Indian Institute of Technology, Delhi.
Commenting on the appointment, Aditya Ghosh, Chief Executive Officer, India & South Asia, OYO, said, “Gaurav has been with OYO since its initial days and understands the brand ground-up. His appointment further strengthens OYO’s South Asia leadership that is dedicated and focused towards building the most loved and preferred hospitality brand.”
OYO’s portfolio combines fully operated real estate comprising of more than 23,000 hotels and 46,000 vacation homes.
OYO along with Vacation Homes categories managed by the company under OYO Homes, Belvilla and Dancenter brands is present in more than 800 cities in 80 countries, including the U.S., Europe, U.K., India, Malaysia, Middle East, Indonesia, Philippines, and Japan.