OYO hotels eye Saudi recovery after COVID-19 pandemic
Published 24 Feb,2021 via Arab News - Economy - RIYADH - Indian hotel and hospitality chain OYO Hotels and Homes is on track to return to pre-pandemic occupancy levels, with 15 percent of the company’s properties already hitting that mark, a spokesperson told Arab News.
A hospitality chain of leased and franchised hotels, homes and living spaces, OYO has had a presence in Saudi Arabia since September 2019, when an agreement was signed with the Saudi Arabian General Investment Authority to invest SR4 billion ($1.07 billion) developing its portfolio across the Kingdom.
Today, OYO accounts for more than 18,000 rooms in about 200 hotels across 22 Saudi cities and provinces.
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