OYO to open 600 additional hotels and residences in South India this year

6 Sep 2022 , 07:56 AM

OYO, a leading global provider of hospitality technology, is aiming to considerably increase the number of hotels and residences in South India on its platform, encouraged by the robust booking patterns in both the business and leisure travel categories. The company plans to build 35 hotels weekly.

OYO plans to expand its shops by 500—700 in the southern states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and the Union Territory of Puducherry, where it now manages about 1,350 properties.

As a result of the rise in demand, travel is reviving in the nation and occupancy rates are continuing to rise. Some of the top 10 business markets for OYO in India are in the south, in places like Bengaluru, Hyderabad, and Chennai. In addition, Kochi, Visakhapatnam, and Pondicherry have become significant tourist destinations in the nation.

Since January 2022, OYO has had consistent growth in the travel market with a boost in business from a variety of industry sectors. In addition to Delhi, Bangalore and Hyderabad are the top two cities where OYO hotels are most frequently booked nationwide. According to the corporate statement, studies have shown that the momentum is likely to continue, supported by a recovering economy and the approaching holiday season. As a result, the company is enthusiastic about its expansion goals.

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