Oyo to focus on US, S Asia & India
The homegrown hospitality unicorn OYO has suffered significantly because of the global pandemic, forcing it to reduce expenses and lay off thousands of employees across foreign markets, including Japan and China, besides India. Noe Oyo will primarily focus on European, South-East Asian, and Indian markets for fresh bookings as they open up domestic air travel and hotels, said Rohit Kapoor, chief executive officer, India and South Asia, Oyo. Oyo has seen a recovery in hotel bookings in India, following institutional demand for self-quarantine facilities. Mint reported on 25 June that the online travel segment, including hotel and domestic flights, have seen some demand recovery. Bookings have started reviving from the top 20 cities and its suburbs, after the first month of reopening, said Kapoor. This demand is mostly coming from business travellers and individuals booking homestays and self-quarantine rooms, he said.
Tags : ALLIED