HomeBusinessOYO Rooms Starts Operation in UAE

OYO Rooms Starts Operation in UAE

Reader's Pick

As India-based OYO becomes the most recent debutant in the hospitality eco-system of UAE, founder and CEO Ritesh Agarwal looks forward to leveraging opportunities and set the firm on a path of aggressive expansion.

Operations have been launched with over 1.1K rooms in Dubai, Fujairah and Sharjahan, starting at a rate of 150 dirhams ($40.8), signifying the commencement of Oyo’s fifth overseas market foray after China and Malaysia.

This development comes at a time when UAE is preparing to host over 25 million visitors at the World Expo 2020. Oyo strategizes on partnering in this vision, by creating opportunities for local players and expanding
their presence at the same time.

As it is known to the world, the company has a demonstrated experience in being the forefront of budget and mid-segment hotels in the market.

- Advertisement -

Similarly, it plans to utilize the same functional competency with a technological-edge and be a benefactor of lucrative infrastructure to independent hotel owners, thus ensuring quality living experiences at affordable pricing for their customers.

According to a May 2018 KPMG report, Dubai had recorded 15.8 Mn tourists in 2017 which is projected to grow to 20 Mn in 2020.

The company has set a target to expand their footprint to 150 Hotels in all of the seven Emirates within the next two years and create over 4000 direct and indirect jobs in the UAE by the end of 2019.

Backed by leading investors such as the SoftBank Group, Greenoak Capital and Sequoia India Group, Oyo aspires to become the most trusted solution to hassle-free accommodations for travelers from GCC countries, India and other International tourists in the United Arab Emirates.

close

Stay on top of Budget 2023 with our newsletter

- Advertisement -

We don’t spam! Read our privacy policy for more info.

close

Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Vanshika Singh
Vanshika Singh
A CA as well as an MBA aspirant. With a knack for writing and a demonstrated interest in the Indian startup ecosystem, currently exploring different niches of commerce, marketing, and Entrepreneurship, to have a better understanding of the corporate world.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Budget 2023 Wishlist: Expectations from Bikanervala, CEF Group & Indian Auto LPG Coalition

The upcoming budget for 2023-24 has sparked interest and anticipation among dif...

Telecom sector has high expectations from the 2023 budget: Gaurav Gandhi, CEO of Echelon Edge

Speaking on the Union Budget 2023 expectations, Gaurav Gandhi, Founder & CE...

Union Budget 2023: What Are the Pre-Budget Expectations for the FinTech and Digital Lending Sector?

As the poster child of India’s digital growth story, the FinTech sector is pois...