OYO, an Indian unicorn hospitality startup, is planning to foray into Saudi Arabia, along with the UAE’s emirates of Abu Dhabi and Al Ain, as a part of the company’s expansion scheme in the GCC.
OYO is also planning to increase its Middle Eastern portfolio to 12,000 rooms by 2020, compared to the current 1,300 in the UAE.
“Having covered four major cities in UAE since we entered the Dubai market in April last year, we will soon be expanding our operations to Saudi Arabia in a big way,” OYO Hotels & Homes’ head of Middle East Manu Midha told Arabian Business.
The Indian company is planning to introduce a new category cater to the religious tourists in Saudi Arabia, the top official revealed.
“We are in negotiations with some of the leading developers and hospitality chains in the GCC region for tie-ups,” Midha stated.
He noted that OYO is seeking to reach the markets of Oman and Bahrain in the GCC and enter other neighbouring nations including Egypt.