OYO Hotels and Homes hits 4.3x sales growth YoY globally in 2018

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OYO sets sights on market-leading position globally with 458,000 rooms as of last year, adds more rooms than the world’s top three hotel chains combined

Manila, Philippines, February 28, 2019: OYO Hotels and Homes, South Asia’s largest, one of China’s top five, and the world’s fastest-growing chain of leased and franchised hotels, homes and spaces, announces that it posted a 4.3x sales growth YoY globally last year as it shares details of its financial performance as of December 2018.

With more than 458,000 rooms globally as of December 2018 and a Realized Value run-rate of $1.8 billion, OYO is poised to become the world’s largest hotel chain. The company’s 4.3x sales growth YoY achieved last year was a result of a continued increase in global stayed room nights across its properties over the years. OYO saw global stayed room nights (Annualized based on December run-rate) surging from 6 million in 2016 to 13 million in 2017 to 75 million (99m based on December 2018 peak) last year (with the growth of 5.7x on YoY basis).

The revenue growth can also be attributed to strong business drivers, including a notable increase in exclusive room supply and in commission incomes. Partnering with OYO significantly improves the quality of stand-alone hotels and the occupancy from 25 percent to 65 percent on an average, thereby increasing yield on underutilized assets for property owners.

“2018 was a very good year for OYO as we marked our presence in a total of eight global markets. We are growing exponentially, and we will continue to invest in technology and build long-term capabilities while getting top talents onboard to sustain this growth. We are optimistic that we will maintain this momentum as we redefine the hospitality experience around the world. OYO will continue to create more value for both our asset owners and their customers,” shares Abhishek Gupta, OYO Hotels & Homes Chief Financial Officer.

OYO Hotels & Homes is now present in more than 500 cities across ten countries – India, China, Malaysia, Japan, Kingdom of Saudi Arabia, Nepal, the UK, the UAE, Indonesia, and just recently, the Philippines. With an initial investment of $50 million, OYO is planning to open more than 20,000 rooms among the 10 key cities in the Philippines, which is expected to generate more than 1,000 direct and indirect employment for Filipinos by 2020.

About OYO Hotels & Homes:

OYO Hotels & Homes is South Asia’s largest, one of China’s top five, and the world’s fastest-growing chain of hotels, homes, and spaces, with footprint in more than 500 cities across India, China, Malaysia, Nepal, the UK, the UAE, the KSA, Indonesia, Philippines, and more recently Japan. OYO Hotels & Homes is one of a kind and has pioneered the world’s first full-scale technology-led business model in the hospitality and real estate industry. It currently operates over 13,000 franchised or leased hotels and over 6,000 homes as part of its chain. In India, OYO is present in over 180 cities, and hosts guests in over 8700+ properties, in over 170,000 rooms. OYO is backed by leading investors, the SoftBank Group, Sequoia India, Lightspeed India, Hero Enterprise and China Lodging Group. For more information, log on to https://www.oyorooms.com/

Philippines Airlines, 2 Go Travel, Royal Air and Cebu Pacific's biggest deals are up for grabs this March

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SEAT SALE ALERT! 

Philippines Airlines, 2 Go Travel, Royal Air and Cebu Pacific's biggest deals are up for grabs this March.

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Filinvest Projects Vinia and Studio A Transform Quezon City Cityscape

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Filinvest Land Inc., one of the country’s largest property developers, is proud to be a part of the rapid emergence of the newest business district in the biggest city in the country — Quezon City.

Dubbed as the “City of New Horizons,” it is deemed as the next real estate investment destination considering its location, accessibility, and livability. Filinvest projects Vinia and Studio A have certainly contributed to the transformation of QC’s cityscape. These projects, both under the Filinvest brand, Aspire are dynamic high rise residential condos that echo the millennials’ preference of having their own space and doing things at their own pace. It caters to the lifestyle that boosts independence and having an adventure in one’s own refreshing haven.

Both ideally located in two of the most progressive districts in Quezon City, Vinia and Studio A allows one to experience all around living and going around the metro for work, school or play with each projects’ close proximity to the LRT and MRT network.

STUDIO A

Studio A is a dynamic vertical condo community that boasts of youth spirit. Designed with facilities that make everyday living more comfortable, convenient and connected through a social hub, fitness center, outdoor and indoor study lounge, swimming pool and fitness center with yoga or dance studio, Studio A’s amenities allow you to recharge and maximize your day.

Studio A units are designed to meet every client’s demands for comfort, style, and quality. There are only 21 units per floor, which is considered a unique indulgence for urban communities. It offers units that suit the needs and preferences of different individuals. Studios are perfect for students, while young professionals may opt for the more spacious one-bedroom unit. For start-up families, the two-bedroom units give them ample living space. Studio A also caters to the members of the academe, who are looking for homes near the workplace.

Conveniently situated in Xavierville Avenue, Studio A makes daily essentials easily accessible being near the LRT-2 Katipunan station and major arteries like EDSA and C5. It is also a stone’s throw away from various commercial establishments and prime educational institutions like UP Diliman, Ateneo de Manila, and Miriam College.

VINIA

A 25-storey mixed-use condominium that gently infuses city life with nature. Vinia offers flexible living spaces with its residential units and Small Office Home Office units or SOHO — Filinvest’s way of seamlessly integrating productivity and versatility in condo living. These SOHO units or versatile flats are perfect for professionals who want to work efficiently in the comfort of their homes.

The residential levels have 27-29 units per floor suited for start-up families or young couples who have been renting or staying with their parents but are ready to own their first home. Similarly, the Versaflat levels have 28 to 29 units per floor suited for start-up business entrepreneurs, professionals engaged in private practice or young professionals who are on the lookout for an office space for a small business to house a lean team, or a flexible space where they can work and rest.

Vinia also features fine amenities such as the grand lobby & reception lounge, sky lounge, function room and a fitness studio. Pocket gardens, garden walls and a sky park that boasts of lush flora and free-flowing air aims to bring residents closer to nature can also be found here. Strategically located at the lifestyle belt of Quezon City, Vinia is just a few steps away from the North Avenue MRT Station along EDSA, linking urbanites to the rest of the metropolis, particularly the booming north.

“These project features make Vinia and Studio A a rewarding investment with its huge potential for steady lease income from students and from the growing number of millennial workforce looking for rental accommodation in the area,” said Mai Yang, Filinvest Vice President for High Rise projects.

Yang added that important factors in choosing a great real estate investment are location, accessibility and livability. Yang believes that this is where Quezon City stands out. “It is a growing Central Business District and has an efficient business climate and employment opportunities as evidenced by the continuous rise of infrastructure projects and of IT parks within the city. Being the largest city in the country, it is also a center of education, wellness and healthcare as well as dining and entertainment spots.”

She further noted that Quezon City was also hailed the Most Competitive City in the country in terms of infrastructure, economic dynamism and government efficiency. It also awarded first runner-up as the Best City Disaster Risk Reduction and Management Council for Highly Urbanized Areas in the 19th Gawad Kalasag Awards. 

“This enviable location really makes Studio A and Vinia a sound investment either to live in or rent out,” she said.

“Both projects are now ready for occupancy. We invite you to come visit Vinia and Studio A to see what our projects in the infinitely thriving Quezon City have to offer.”

Other Filinvest mixed-used projects in Quezon City include Studio 7 located in Timog Avenue along Edsa, and Activa in Aurora Boulevard corner Edsa.

Know more about Studio and Vinia by visiting www.filinvest.com or schedule a site visit by calling (632) 850-0888 and 0917 545-7788.

ORLY: Building Generations of Beauty and Style

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ORLY, the leading nail polish brand worldwide, held a beauty dialogue featuring three inspiring Filipina women who have led significant contributions in their respective fields: Doctor Geraldine Zamora, whose strength and resolve to help her patients is known in the field of Rheumatology and Internal Medicine; Journalist Margaux Salcedo, with her crystal-clear narrative of events and places in her weekly column; and compleat Actor Pinky Amador whose talent is well-known globally, were invited to join ORLY International Vice President for Sales, Nadia Deering, in discussing the importance of women helping other women thrive in their particular areas of expertise. 

The event emphasized the need for everyone to look closely at their own uniqueness, especially in this era where one is gauged by the optics of social media and celebrate distinctiveness to promote a kinder and a more loving look of oneself and others. 

The all-white afternoon tea party last Tuesday, 19 February, at the Marco Polo Hotel also served as the launch of ORLY’s newest innovation, the ORLY Gel FX Builder in a Bottle. The product is an effortless, all-in-one, brush-on builder application that offers flawless and more natural looking nail extensions. 

Elsbeth Schutz, ORLY Ambassador, was also present to train professional nail technicians who will be the primary users of the new product. 

“For over forty years, we have delivered quality without compromise at great value and we’d like to keep that streak going with the Builder that hopes to disrupt all the nail care offerings of today,” she said. 

“Compared to Acrylic or Hard/ Soft Gel, the Builder allows for an easier application, has flexible strength that eliminates painful cracking, and follows a fuss-free soak-off removal that actually protects your natural nails and allows them to grow,” she furthered. 

Deering gave a style report on nail care trends and top polish colors this 2019, with the nude tones getting a shimmer and glitter upgrade and the bolder colors of Vibrant Reds and Aqua Blues being a staple of everyone’s Summer wardrobe. Light Coral and Iridescent Pearl also make its usual rounds, renewing a fresh take on a new season. 

ORLY has built its heritage on leading through innovation and their continuous effort in reinventing the game puts them at the forefront of building beauty and style for generations to come. 

Daikin Soaring High at 10

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 Daikin Soaring High at 10 : In photo (From L-R) Division Manager of Sales Operation - Mr. JED Caburian, Vice President - Mr. Toshiyuki Tanaka, Daikin Philippines’ President - Mr. Lee Wai Kok, Division Manager of Human Resources And General Affairs - Mr. Gerry Cortez and Daikin Consultant for After Sales Services – Mr. Ogie Quitco. 

Daikin's 10th year anniversary in the Philippines celebrates with a media conference held last February 21, 2019 at Marriott Grand Ballroom, Resort World Manila.

Dubbed as "Soaring High at 10", Daikin Philippines announce more development this year 2019. Also, they told us that a new  Daikin brand ambassador will be presented these coming days.


Daikin sets its sights on improving the Air Quality

Air conditioning is more than just the basic concept of heating and cooling as it can be further defined by improving the quality of the air to not just make the surrounding comfortable but maintain its livability as well. 

Indoor Air Quality (IAQ) refers to the air quality within and around buildings and structures, especially as it relates to the health and comfort of building occupants. Understanding and controlling common pollutants indoors can help reduce your risk of indoor health concerns.

Health effects from indoor air pollutants may be experienced soon after exposure or, possibly, years later. 

It is also an advocacy recognized by Green Building Organizations as it is very much evident how the air quality in the world is worsening thus the need to take action and make adjustments and stop compromising wellness with progress. 

Therefore, Daikin, through its various products have taken the steps to further promote the importance of IAQ and reinforcing its presence in various areas. In the residential market, Daikin has released a full range of Air Purifiers to help families in reducing the risks of illness such as asthma. While for the commercial market, Daikin has developed products that is capable of inducing fresh air that is essential to attaining the best conditions for the people occupying the space.

Revolutionizing the Residential Air Conditioning Market 

Traffic. In many ways, this word has become an absolute description of Metro Manila’s roads, which brought about the trend of Filipinos changing their lifestyles by renting or buying small spaces close to their schools or workplaces. This has, unfortunately, become the new reality. 

With this in mind, it was the aim to develop a product that perfectly fits this lifestyle, hence the development of the Super Multi S. 

The Super Multi-S is a single condensing unit that allows connection of up to 3 indoor units compared to the conventional single-split units. Though the Multi Split technology has existed for a while now, it is not suitable for the current Philippine market because most Multi-Split systems are designed or optimized to connect to up to 5 indoor units, which is just not possible given the current condominiums development trends. Thus, making the Super Multi-S perfect for smaller spaces and applications that fit the typical working-class Filipino, wherein 20 sqm. spaces are now considered a 1-BR unit. With this product’s compact design and low power output, it is not a chore to install and be energy efficient, therefore giving the user all the benefits of an Inverter Split-Type Air Conditioner at a bargain. It is truly luxury at a great value. 

Also, to be launched is Daikin’s brand new Premium Inverter, the FTKM. With the latest features that’s includes a sleek and stylish Coanda Panel Design that gives you the best air-conditioning experience. The powerful air draft does not fall on your head directly, but it is steered upward letting air circulate into the corners of the room creating a comfortable ambience. The FTKM aims to be most efficient Air Conditioner available in the market and be the mother of all 5-Star Energy Efficient Residential Air Conditioners. 

 

New Large Floor Standing and Enhancements to the VRV 

Daikin’s New Large Floor Standing model is the latest addition to its extensive line of Packaged Air Conditioners. With a larger capacity and superior performance, this unit aims to be the go-to product for the market in terms of various applications such as factories, airports, and of the like.

This year will also be another unveiling of Daikin’s continued innovation and improvement to its flagship product, the VRV. With the New Anti-Corrosion model, Daikin will be providing a solution to the longstanding problem that projects located in reclamation areas face. The unit features the use of a remarkably superior corrosion-resistant hot-dip Zinc-Aluminum-Magnesium (ZAM) alloy coated steel sheet product, which is 10-20 times better than hot dip zinc coated steel sheets which will enable the end users to protect their investment as well as get the best out it.