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DUBAI: OYO Hotels & Homes, South Asia’s largest, China’s 2nd largest, and the world’s 6th largest and fastest-growing chain of leased and franchised hotels, homes & living spaces, has stated that bookings from India and China constitute nearly 25% of its total bookings and are on the rise for the upcoming summer months. With over 1000 weekly flights between India and UAE, coupled with the visa on arrival status for Chinese tourists, UAE is now one of the most sought after destinations for tourists from these two countries. OYO, with its presence across five emirates, including Dubai, Sharjah, Fujairah, Ras Al Khaimah, Ajman and over 80 hotels and homes is hosting thousands of discerning travellers on the lookout for unique experiences.
Commenting on the trend, Manu Midha, Regional Head, Middle East, OYO Hotels & Homes, said, ‘’We predict 75% plus occupancy rate across all OYO hotels and homes during the upcoming summer months. We are witnessing a sustained increase in bookings from China since we established our footprint in UAE. The numbers from China has also increased due to the introduction of direct and additional flights between the two countries. Apart from the leisure travellers there are several business travellers that visit UAE for business opportunities. The number of Chinese tourists travelling to the GCC is expected to touch 2.9 million in 2022 and the numbers are on the rise each year,”
To address this growing demand in the near future, OYO plans to touch close to 12,000 rooms across 150 hotels in all the seven Emirates in UAE by 2020. OYO has welcomed over 100,000 guests from 78 countries across 1700 rooms in 80 plus hotels and homes, since its launch in the UAE last year.
“Back in India, this is the durations when families plan their yearly vacations and several Indians are in the midst of travelling abroad. UAE has now become one of the most sought after destinations due to its close proximity to India. The country offers something to all travellers, right from the variety of cuisines from across the length and breadth of India, a huge Bollywood theme park, among several other leisure destinations. Several families who are planning to spend longer time in the country prefer to stay at OYO Home and we are committed to delivering a high-quality, standardized experience across our categories to these travellers.’’
The city of Dubai received close to 16.7 million visitors from around the world in 2018 as per the recent Euromonitor international report. Dubai currently ranks amongst the top ten cities ahead of New York.
“OYO is working closely with asset owners across UAE to accommodate this burgeoning demand. Dubai is set to attract 25 million visitors by 2025, and these visitors will comprise of a mix of trade and leisure visitors. With close to 190 nations signed up for the multi-billion dollar EXPO, we are confident that we will be able to support the inbound trade visitors,” added Manu.
Launched in May 2013, OYO Hotels mission is to create quality living spaces, anywhere, for everyone. The company was set up with the purpose to address the lack of equilibrium between demand and supply of quality living space, resulting in varied customer experiences and unpredictable business for hotel owners. OYO Hotels aims to address this gap, using technology and talent, leveraging its built distribution, operational and transformational capabilities to redefine the hospitality landscape, globally. It has gone from a young start-up in the city of Gurgaon in India to a well-renowned name in the hospitality industry, with over 700,000 rooms in 800+ cities across 24 countries and is working towards becoming the world’s largest and most-loved hotel chain in the coming years.
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About OYO Hotels and Homes:
OYO is the world’s 6th largest hotel chain operating from Tokyo to Texas and the world’s fastest growing chain of hotels, homes & spaces! With the @Leisure Group joining the chain, OYO today has footprints in more than 800 cities across 24 countries including - UK, US, Japan, China, Malaysia, Nepal, UAE, Indonesia, Saudi Arabia, India and the Philippines. With over 20,000 buildings and 700,000 keys under management, OYO is backed by leading investors, including the SoftBank Vision Fund, Sequoia Capital, Lightspeed Ventures, Hero Enterprise, and China Lodging Group and has a mission to bring better living spaces for the world. For more information, log on to https://www.oyorooms.com/
Media contact:
Prem Ramachandran
Managing Director
White Water Public Relations
GSM: 0097150-4537253
prem@whitewaterpr.com
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