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OYO confirms launch in Philippines & promised generation of 1000 jobs

On Wednesday, the Indian unicorn OYO has announced its launch in the Philippines and said that it is planning to begin operations with over 21 franchised and leased hotels. The start-up is moving ahead with the aim of marking its presence in 10 cities of the Philippines. It said that the company will make an investment of over $50 million in order to reconstruct the country’s hospitality landscape.