Strong demand recovery in the hospitality business and a higher number of storefronts on Oyo’s platform gives the budget hotel chain much reason to cheer.
Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.
As new distribution capabilities and alternative strategies emerge, travel agents' traditional reliance on global distribution systems for selling tickets is changing.
European destinations have predictably missed out on being included in the list of preferred outbound travel choices from India for the summer. Retrograde visa policies have effectively ensured that these destinations lag behind in the competition to attract Indian travelers.
Despite being the third largest civil aviation market in the world, India lacks trained personnel to manage airports. Perhaps both manpower and technology need an upgrade.
Zuzu Hospitality's increased focus on expanding its operations in India suggests that the emergence of the country as a prominent player in the travel industry is not lost out on companies.
To become creators of equipment, platforms and systems will require a thriving indigenous research, design, development and manufacturing infrastructure.
There’s perhaps more opportunity than ever for cybercriminals to take advantage of consumers who are increasingly getting lured in by deals that are literally too good to be true.