Indian hospitality company, OYO Hotels and Homes has announced the commencement of its operations in Saudi Arabia, thereby further expanding its international footprint. Last year, the budget hotel chain ventured into the Indonesian market with the signing for over 30 properties in three cities- Jakarta, Surabaya, and Palembang. Additionally, Oyo also has a presence in Nepal, China, Malaysia, UAE, UK, and the Philippines.
In Saudi Arabia, Oyo has launched operations with over 50 signed properties, having 3,000 rooms across seven cities under franchise and lease agreements. The new Oyo additions are designed to cater to the needs of millennial travellers.
Furthermore, the introduction of Oyo in Saudi Arabia is expected to boost Saudi Government’s Vision 2030. For this, the brand has also signed an MoU with the Public Investment Fund, Saudi Arabia to explore more business opportunities in the region.
Manu Midha, Region Head, OYO Hotels and Homes, Kingdom of Saudi Arabia, said, “We are honored and deeply thankful to SAGIA and PIF for providing us an opportunity to support Vision 2030 and manage quality accommodations for pilgrims to the holy cities.
“We are also excited at the prospect of bringing our brand of reliable quality living spaces to more and more cities in Saudi Arabia. KSA is an attractive market with sizeable internet and mobile presence, which complements our approach. We’ve received an overwhelming response to OYO’s offerings in the country since our soft launch and look forward to hosting more guests in the coming years.” oyorooms.com