<p>New Delhi: Travel tech platform <a href="https://www.deccanherald.com/tags/oyo">OYO</a> on Monday announced the opening of its first luxury hotel in <a href="https://www.deccanherald.com/tags/dubai">Dubai</a> -- Palette Royal Reflections Hotel and Spa -- as the IPO-bound unicorn eyes strengthening its premium property portfolio globally.</p>.<p>The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year.</p>.At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder.<p>"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.</p>.<p>The initiative is part of OYO's ongoing efforts to strengthen its premium property footprints across the world, including the Middle East.</p>.<p>OYO has over 700 properties in the UAE, including over 200 only in Dubai, the company said.</p>.<p>India is the biggest source country for Dubai tourism. The country ranked on top in terms of the number of passengers with a total of 11.9 million visitors to Dubai in 2023, followed by Saudi Arabia with 6.7 million tourists and the UK with 5.9 million.</p>.<p>Nitin Gupta, Business Head, OYO Middle East, said, "We have been seeing a surge in the number of Indian tourists asking for luxury accommodation in the region. OYO plans to meet the requirements of tourists visiting Dubai through this initiative."</p>
<p>New Delhi: Travel tech platform <a href="https://www.deccanherald.com/tags/oyo">OYO</a> on Monday announced the opening of its first luxury hotel in <a href="https://www.deccanherald.com/tags/dubai">Dubai</a> -- Palette Royal Reflections Hotel and Spa -- as the IPO-bound unicorn eyes strengthening its premium property portfolio globally.</p>.<p>The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year.</p>.At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder.<p>"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.</p>.<p>The initiative is part of OYO's ongoing efforts to strengthen its premium property footprints across the world, including the Middle East.</p>.<p>OYO has over 700 properties in the UAE, including over 200 only in Dubai, the company said.</p>.<p>India is the biggest source country for Dubai tourism. The country ranked on top in terms of the number of passengers with a total of 11.9 million visitors to Dubai in 2023, followed by Saudi Arabia with 6.7 million tourists and the UK with 5.9 million.</p>.<p>Nitin Gupta, Business Head, OYO Middle East, said, "We have been seeing a surge in the number of Indian tourists asking for luxury accommodation in the region. OYO plans to meet the requirements of tourists visiting Dubai through this initiative."</p>