After UK Foray, OYO Hotels will be opening in UAE

Oyo hotels after launching their operations in UK has forayed into United Arab Emirates. The same news was shared by the company  officials on Monday.

OYO Hotels is starting with 10 full inventory franchised and  the operated hotels and with more than 1,100 rooms in  the three Emirates those include Fujairah, Dubai and Sharjah havong the room rates commencing at 110 dirhams.

OYO even said that it would be targeting the hosting guests in more than 12,000 rpums 8n 150 hotels and all the seven Emirates by the end of 2020.

ALSO READ: Google is planning to partner with Flipkart, Paytm for launching its ‘Shopping’ tab in India

According to the data from the Dubai Corporation of Tourism and Commerce Marketing showed that the overall Dubai hotel rooms supply is for setting to reach 132,000 by the end of 2019.

The tourism of Dubai also forecasts the hospitality sectors for experiencing sharp and sustained growth rate over the next two years.

The UAE is working on a target of opening over 75,070 rooms across the Emirates and other neighbouring countries and has plans of welcoming over 25 million visitors at the World Expo 2020.

“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,” said Ritesh Agarwal, founder of OYO Hotels.

The property of OYO will be operating under the manchise model; lease with full inventory control those are similar to other markets like China and India. OYO’s properties will be operated under the manchise model; lease with full inventory control similar to other markets like India and China.

“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 the Manu Midha the regional lead of OYO hotels.

The Country lead, Vartika Goel, the country lead of OYO Hotes UAE, said the company has received an overwhelming response for its soft launch in the market.

ALSO READ: DailyNinja, hyperlocal subscription based delivery startup has acquired WakeupBasket