Oyo opens first luxury hotel in Dubai, eyes boosting premium properties

Travel tech platform Oyo on Monday announced the opening of its first luxury hotel in Dubai — Palette Royal Reflections Hotel and Spa — as the IPO-bound unicorn eyes strengthening its premium property portfolio globally.

The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year.

“Oyo is expecting more than 1 lakh Indian tourists to visit Dubai this year. Dubai has long been a favourite destination for Indian travellers, thanks to its luxury shopping, stunning architecture, and vibrant culture. The launch comes as the emirate prepares to welcome a record number of Indian tourists in 2024,” Oyo stated.