Hospitality company OYO has expanded footprint by launching its operations in the United Arab Emirates (UAE). It has already expanded its operations to China, Malaysia, Nepal and UK.
The Softbank-backed company has started its operations in UAE with 10 full-inventory franchised and operated hotels and over 1,100 rooms in Dubai, Sharjah and Fujairah with room rates starting at 150 dirhams. The company further plans to host guests in more than 12,000 rooms, 150 hotels and all seven Emirates by 2020.
Ritesh Agarwal, Founder and CEO, OYO Hotels, said, "With over 170 countries committing to the World Expo 2020, the hospitality sector in the Middle East, and more specifically the UAE, is poised to grow substantially, and with our market learnings and expertise we are ready to tap this opportunity."
Manu Midha, Regional Lead, UAE, OYO Hotels, stated, "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."
