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This Indian Hospitality Company Has Arrived In Saudi In A Big Way And They’re Already Up For Booking
The Saudi hospitality industry has been a shining star in the non-oil sector. We already have the world’s biggest names operating in it, one of the latest entrants is Indian hospitality startup OYO.
The concept of OYO is simple, it leases out portions of various hotels and kinds of standardises the experience for those who stay in it. People book online on OYO’s website and they can be assured for getting the standard OYO experience.
OYO is huge internationally in emerging markets like India and China and looks to replicate that success in the Saudi market as well. According to the Financial Experience, OYO has inked deals with 50 hotels spread across seven cities of Saudi.
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These Comments About Saudi Will Want To Make You Visit ASAPThis will give OYO access to 3000 rooms across the country.
A statement by OYO mentioned that they will be employing 300 Saudis by the end of the year and 5,000 by next year.
And, that’s not just it as they will also launch two OYO skill institutes, one in Riyadh and the other in Jeddah.
We checked on OYO’s website for listings and yes they are available for booking already. Some rooms are prices as low as 72 SAR for a night in a city like Riyadh.
Image Credit: Screenshot/oyorooms.com
Saudi Arabia’s Public Investment Fund tweeted that they signed an MOU with OYO.
Today #PIF signed an MoU with India’s largest hospitality company @oyorooms. #OYO will be a strong international partner in developing and localizing Saudi Arabia’s tourism, hospitality and technology industries. pic.twitter.com/wQmya69WIH
— صندوق الاستثمارات العامة (@PIFSaudi) February 20, 2019
This comes just one month after a deal was signed by OYO’s 25-year-old founder Ritesh Agarwal and the kingdom’s minister of Hajj and Umrah to improve the services provided to pilgrims.
#OYO is honoured to join hands with the Ministry of Hajj and Umrah, Kingdom of Saudi Arabia. We’ll make sure that anyone who stays with us, has a hassle-free experience. @HajMinistry @riteshagar https://t.co/FeF8NXUW0W
— OYO (@oyorooms) January 28, 2019
