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Ovolo poised for growth as tourism industry rebounds

Posted : 23 June 2022 10:37:40 | By TWO Bureau | GNN Bureau

Ovolo poised for growth as tourism industry rebounds

Leading independent lifestyle hotel brand Ovolo is poised for expansion to capitalise on the long-term growth of the travel sector. Having tripled its room count in the last five years, including adding two assets during the pandemic, market conditions are now ripe to seek value-add and conversion opportunities to take advantage of the recovery.

Ovolo is looking to expand further in Australia, New Zealand, and selected APAC target markets where it can leverage its strong brand value. After opening its first hotel in Indonesia late last year, Ovolo is keen to grow in major urban and leisure destinations in Asia including Tokyo, Singapore, Bangkok, and Phuket. In addition, the group is eyeing key source markets in Europe and beyond.

“This is the perfect time to expand the Ovolo brand and we are open to discussions with strategic partners who would like to be part of our growth journey,” said Girish Jhunjhnuwala, Ovolo Hotels Founder and Executive Chairman. “After 20 years of building the Ovolo brand, we want to share our expertise and build long-term partnerships that can unlock an asset’s full potential and drive higher returns.”

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Tags : #ovolo, #expansionplans, #reboundtourism, #girishjhunjhunwala, #luxurybrand

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