India's Oyo Hotels and Homes has appointed Dr. Mandar Vaidya as the chief executive officer for Southeast Asia and the Middle East, effective August 1, 2019.
A seasoned professional with more than 15 years of experience, Dr. Vaidya will be responsible for driving business growth for Oyo in these two regions, which include markets like Indonesia, Malaysia, the Philippines, Vietnam, UAE, and the Kingdom of Saudi Arabia.
Prior to his current role, Dr. Vaidya was with McKinsey and Co. for 15 years, from 2002 to 2017, mostly in India with stints in Singapore and the UK. At Mckinsey, he was a partner and led the health services practice in India, and the hospitals practice for Asia. His work was focused on operations - both hospitals and pharmaceutical companies, and health policy. He also led the Delhi office of McKinsey for four years.
He then went on sabbatical for two years, during which time he taught a problem-solving course at Ashoka University's Young India Fellowship programme.
He is a qualified medical doctor, having completed his MBBS and internship from Grant Medical College and JJ Hospital in Mumbai. After a brief spell as a medical officer, he opted out of an MD in Obstetrics and Gynaecology and pursued an MBA from Jamnalal Bajaj Institute, Mumbai.
Today, Oyo Hotels and Homes has more than 1,260 hotels and 32,600 exclusive rooms under management in Southeast Asia and more than 275 hotels and homes with 8,000 exclusive rooms in the Middle East. It aims to add two million rooms under management in Southeast Asia by 2025. In the Middle East, Oyo is present in the UAE and the Kingdom Saudi Arabia. The company has extended its multi-brand strategy to UAE by introducing Oyo Home and Capital O.