Riyadh: OYO (Oyo Homes and Hotels), the world’s leading tech-driven hospitality chain has formalised four marketing and operational consulting agreements with Al-Hokair Group in Saudi Arabia to manage MENA Andalusia Olaya District, Riyadh, MENA Hotel Riyadh, Olaya District, Riyadh, MENA Taif, Abu Baker Street, Taif and MENA Tabuk, Abu Jafar Al Mansur Street, Tabuk.
The multi-hotel partnership which was signed and announced at Abdul Mohsen Al Hokair Head Office in Riyadh will see OYO add 500+ rooms to its current inventory and extend its portfolio across the 3 and 4 star hotel category. The agreement with Al-Hokair Group, a leading name in the tourism and hospitality sector in the Kingdom of Saudi Arabia further consolidates and expands OYO’s footprint within the hospitality industry in the kingdom.
Representing OYO at the event was Manu Midha, Head of Middle East & Africa, OYO, while Mishal Al-Hokair, Executive Vice President, Business Development & Marketing, Al-Hokair Group represented the company. The formalisation of the agreement was witnessed by Clive Smith, Director of Operations at Al-Hokair Group and Bader bin Saidan, Director, Business Development, OYO in Saudi Arabia.
Commenting on the partnership, Manu said: Saudi Arabia remains a key strategic market for OYO in the GCC. The mid-range segment in the Kingdom of Saudi Arabia holds a lot of promise for us given the rapid growth of the hospitality industry over the last few years.
“The agreement with Al-Hokair is testimony to our success here in the kingdom and demonstrates our commitment to the development of the rapidly evolving hospitality sector in the Kingdom. We are proud to collaborate once with our esteemed long-term partner, Al Hokair Group to bring OYO’s brand hospitality options to a broad range of travellers”, concluded Manu.
At present OYO Hotels & Homes accounts for 18,000+ rooms in 200+ hotels across 22 cities and provinces in the Kingdom of Saudi Arabia. The hospitality chain has also hosted over 50+ nationalities across its properties in the country since its launch in January 2019.
OYO also operates 400+ properties in 40+ cities in UAE and Oman.
Mishal Al Hokair, Executive Vice President, Business Development and Marketing, Al Hokair Group added: “OYO understands the market and has demonstrated its credentials to us as a strong partner with key technology for the online travel business. The tourism landscape in Saudi Arabia is changing, in line with 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 travelers alike.”
Clive Smith, Director of Operations, Al Hokair Group added: “We are pleased to be working with a young global hospitality company such as OYO to consolidate our footprint in the Kingdom of Saudi Arabia. In line with the changing landscape of the online travel systems, there continues to be an increase in the number of guests booking online and through applications and this agreement will give us an opportunity to offer quality online presence to our international and domestic guests. OYO is a brand known and preferred by travelers across the globe and we are confident the hotels will continue to be a huge success in 2020.”
About OYO Hotels and Homes
Opening its doors in 2013, OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels and homes. The portfolio combines fully operated real estate comprising more than 43,000 hotels with over 1 million rooms. Through its vacation homes business, the company offers travellers and city dwellers access to over 130,000 homes around the world under OYO Home, Belvilla, Danland, Dancenter and Germany-based Traum-Ferienwohnungen brands. OYO today operates in over 800 cities in 80 countries, including the U.S., Europe, U.K., India, Middle East, Southeast Asia, and Japan. For more information, visit www.oyorooms.com
Director, Corporate Communications – OYO Middle East
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© Press Release 2020