India's OYO inks multi-hotel deal to expand Saudi Arabia business
The hotel chain will add more than 500 rooms to its inventory and will extend its portfolio across the 3- and 4-star category
Indian hotel chain OYO Homes & Hotels has announced its multi-hotel deal with Saudi Arabia's Al-Hokair Group, which specialises in hospitality and tourism.
The hotel chain formalised four marketing and operational consulting agreements with Al-Hokair Group to manage MENA Andalusia in Olaya district, Riyadh; MENA Hotel Riyadh, Olaya district, Riyadh; MENA Taif, Abu Baker Street, Taif; and MENA Tabuk, Abu Jafar Al Mansur Street, Tabuk.
Speaking about the partnership, the executive vice president of business development and marketing at the Al-Hokair Group, Mishal Al Hokair, said: “The tourism landscape in Saudi Arabia is changing, in line with the kingdom’s Vision 2030, and offers unprecedented opportunities for the hospitality sector. This agreement will further diversify the type of hospitality offerings in both cities for international and domestic travellers alike.”
The multi-hotel deal will mark OYO's expansion within the kingdom's hospitality industry. The hotel chain will add more than 500 rooms to its current inventory and extend its portfolio across the 3- and 4-star hotel category.
OYO currently operates more than 18,000 rooms across 22 cities and provinces in more than 200 hotels in the kingdom.
Commenting on the partnership, head of Middle East & Africa, OYO, Manu Midha, said: “Saudi Arabia remains a key strategic market for OYO in the GCC. The mid-range segment in the kingdom holds a lot of promise for us, given the rapid growth of the hospitality industry over the last few years.”