Hotel Rooms News

OYO has not received any formal communication from any of its asset owners and the company continues to engage with its franchisee hotel owners on a one-to-one basis to resolve issues, OYO Hotels & Homes Head of Supply Ayush Mathur said.

Oyo B Direct has a simplified process of getting a GST invoice for hotel bookings and also makes it easy for employees to claim travel reimbursements from their office. While Oyo B is targetted at corporate travellers, Oyo B Direct is aimed at independent corporate travellers, small-scale business travellers and SMEs.

Softbank-backed Oyo now has over 180,000 franchised and leased rooms and more than 4,000 hotels under franchise, manchise and leased format as part of its chain in China.

The GST Council has accepted the hotel industry's demand to levy tax only on the actual room rate

Hyatt Hotels Corp. said it has rebranded its Bengaluru MG Road property to Hyatt Centric, marking it the brand's first hotel in India and twenty-third worldwide

Leisure Hotels Group operates 26 boutique properties with around 700 rooms across the country and it plans to add 15 hotels, of which, it will own eight properties

Hotel room occupancy across the country has recorded a nine-year high in the financial year ending March 2018, touching over 67%

Oyo Rooms currently claims to have 68,300 rooms across 5,855 partner hotels in India and targets to triple the inventory by 2016 end

The deal concluded after Zo Rooms, run by Zostel Hospitality, could not convince investors to put up fresh funds

With excess room capacity in India and a moderate 4-5% growth in international tourism, it is clear that hotels still have a long way to go before a recovery