Oyo to double number of premium hotels for high-spending customers

Hospitality tech company Oyo plans to double the number of its premium hotels in the country. Oyo said that this year the number of these hotels will be increased by about 1,800. Its premium hotel brands include Townhouse Oak, Oyo Townhouse, Collection O and Capital O.

Oyo has around 1,800 premium hotels in the country. Increasing the number of these hotels will help the company capitalize on the rise in business travel. Oyo said that the number of premium hotels will be increased in Delhi and Noida in North India, Mumbai in West India, Kolkata in East India and Bangalore, Chennai and Hyderabad in South India. Anuj Tejpal, Chief Merchant Officer of the company Said“The number of people spending more on experiences is on the rise. As a result, hotels are offering additional services and amenities to enhance and enhance the travel experience for guests.”

The demand for premium segment hotels has increased in the last few months. Reasons behind this could be increase in domestic leisure travel, recovery in business travel and increase in the number of foreign tourists. Rating agency ICRA had said in a report that the supply of hotel rooms in the country could increase by about four percent during the current financial year. About 94,000 rooms are likely to be added in the premium category of hotels across the country.

earlier this year oyo Had shared an interesting data. This showed that Goa was not the most popular place to celebrate the new year, rather people have turned to a city that is recognized worldwide for religion and culture. The CEO of Oyo, Ritesh Agarwal) told that on the last day of last year, a large number of people had turned to Varanasi to celebrate the new year. He told that for the new year people booked hotels for Varanasi more than Goa. While Goa is popular for its beach and nightlife, in contrast, Varanasi in Uttar Pradesh attracts people from across the country and abroad for the religious and cultural importance of the city.