DUBAI, U.A.E. - In a bid to expand its footprint across the United Arab Emirates, the South Asian hospitality chain OYO Hotels has decided to open 150 hotels in the country by the year 2020.
As part of its project, OYO aims at launching 12,000 rooms in 150 U.A.E. hotels.
Originally launched in 2013, the company currently operates in over 350 cities around the world and raised $1 billion in funding through SoftBank Investment Advisers last month.
OYO Hotels has more than 12,000 asset partners in countries including India, China, Malaysia, Nepal and the U.K.
Now, the hospitality brand has said that it will open a training facility in the U.A.E., also plans to create over 10,000 jobs in the U.A.E. within the next three years.
The company announced in a statement that it will begin operations in Dubai, Sharjah and Fujairah before expanding into the U.A.E.'s other emirates.
The company said it will have ten franchised and operated hotels, with a combined total of 1,100 rooms across the U.A.E.
OYO Hotels founder and CEO Ritesh Agarwal said, "With over 170 countries committing to the World Expo 2020, the hospitality sector in the Middle East, and more specifically UAE, is poised to grow substantially and with our market learnings and expertise we are ready to tap this opportunity. We’ve been at the forefront of the budget and mid-segment hotels revolution in the markets we operate in and can bring in our operational expertise and technology edge to the benefit of independent hotel owners."
In addition, Vartika Goel, OYO’s U.A.E. country leader, said that the country “is an attractive market with sizeable internet and mobile presence, which complements our approach.”
Goel added, “We’ve received an overwhelming response to OYO Hotels offerings in the country since our soft launch and look forward to hosting more guests in the coming years."
OYO Hotels said that its properties will be operated under franchise models, with full inventory control.