Oyo and Al-Hokair formalise multi-hotel deal

OYO (Oyo Homes and Hotels) 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 three- and four-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, 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. 

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 travellers 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 travellers across the globe and we are confident the hotels will continue to be a huge success in 2020.”