OYO, the India-based budget hotel chain has been foraying into various countries since a long time. And yet again, the company has entered into another region that is in the United Arab Emirates (UAE).
OYO has become one of the most reached hospitality chain in India and is growing its existence day by day in other countries as well. The company has stated that with over ten full-inventory, franchised and operated hotels and over 1100 rooms in three Emirates in Dubai, Sharjah and Fujairah, the room rates in the market will start at 150 dirhams.
“With over 170 countries committing to the World Expo 2020, the hospitality sector in the Middle East, and more specifically UAE, is poised to grow substantially and with our market learnings and expertise we are ready to tap this opportunity,” Founder and CEO Ritesh Agarwal said.
The company mentioned its plans to host guests in over 12,000 rooms, 150 Hotels and all 7 Emirates, across United Arab Emirate by the end of 2020. According to the reports, talking about Dubai’s hotel market, the room supply there is set to reach 132,000 by the end of 2019.
UAE is also aiming to open over 75,070 rooms, across the country and other neighboring countries and also preparing to welcome over 25 million visitors at World Expo 2020.
“We are really excited about the opportunity offered by the UAE. This expansion, therefore, is in line with our quest to support the country’s hospitality ecosystem and creating infrastructure for asset owners to grow and run successful businesses, all of this while ensuring high standards of quality,” said Manu Midha, regional lead, UAE, OYO Hotels.
OYO has been growing at a great pace since a long time and it is sure to see more success in future.