Hospitality brand Oyo launches operations in UAE

Chennai

With a string of over ten full-inventory franchised and operated hotels and over 1100 rooms in 3 Emirates - Dubai, Sharjah and Fujairah, in the UAE, Oyo Hotels is ready to offer the benefits of its full-stack technology led hospitality model to hoteliers across the country, with room rates starting 150 dirhams.

Oyo plans to host guests in over 12,000 rooms, 150 Hotels and all 7 Emirates, across UAE, by 2020. According to data from Dubai Corporation of Tourism & Commerce Marketing (Dubai Tourism), overall, Dubai hotel room supply is set to reach 1.32 lakh by end of 2019.

It also forecasts the hospitality sector to experience sharp, sustained growth over the coming years, with occupied room nights set to reach 35.5 mn annually in 2019, representing a 10.2 pc compound annual growth rate over the next 24 months.

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 UAE, is poised to grow substantially and with our market learnings and expertise we are ready to tap this opportunity. As per a recent report, Dubai alone will host over 20 mn visitors and now records about hotel keys per resident at 29.9 per 1,000 people, which is on the higher side when benchmarked against international hub cities, a clear indicator of the potential of this market.”

The UAE is working on a target of opening over 75,070 rooms, across the country and other neighbouring countries, and preparing to welcome over 25 million visitors at World Expo 2020.