Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus outbreak eases up in some parts of the country, the Indian hospitality startup's Chief Executive Ritesh Agarwal told Reuters on Tuesday.
The global tourism industry could not have been hurt so badly any time in history other than the year 2019−20. The tourism industry involves temporary displacement of people from one place to another, whereby demand is generated. Thus, any factor that impedes tourist flow will cause a negative demand shock in the industry one way or another. The impact on tourism demand depends on the nature of the shock as well as how long it persists.
Marriott was already having trouble in Asia-Pacific in 2019 before the coronavirus impact hit. The company isn't forecasting a major impact outside of Asia, and it's already reopening hotels inside China. It pays to collect fees — and not actually own or run hotels — during a crisis like this.
What's happening with Oyo cannot be looked at separately from the modern Indian milieu that gave birth to it, and in which it operates. Oyo now needs to rise above that legacy and bring in the global business practices that ensure it survives and thrives in the future.
When OYO first shifted to the hotel franchise business in 2015, it seemed like a great proposition for budget hotels. Struggling with lack of visibility and guidance on how to upgrade their properties, small hotel owners ticked along thanks to word-of-mouth referrals and an unorganised system of touts, tour operators and agents.
In 2018, so-called overtourism has begun to emerge as a serious and dangerous phenomenon. Various cities, cultural heritage sites, recreational areas and islands have been affected by this phenomenon. Overtourism is often associated with extremely crowded tourism destinations and has become a topic of great concern for all stakeholders. According to the UN World Tourism Organization, 'overtourism' is: the impact of tourism on a destination, or parts thereof, that excessively influences perceived quality of life of citizens and/or quality of visitors' experiences in a negative way. As a result, tourism experts are—by and large—at a loss as to how to cope with both the increasing tourist numbers and tourism's multifaceted impacts on these destinations.
On November 26, 2008, 10 young men in an inflatable dinghy came ashore in Mumbai, India, and slipped into the city undetected. They had been sent by Lashkar-e-Taiba, a Pakistani-based terrorist group. Armed with assault rifles, grenades and improvised explosive devices, they quickly fanned out across the city. Over the course of the next three days, the terrorists wreaked havoc, killing more than 170 people and bringing Mumbai to its knees.
Security industry stakeholders from across the subcontinent have descended upon Mumbai for the 8th edition of Secutech India, which opens its doors today at the Bombay Exhibition Center. Taking place from 25 - 27 April, the fair offers business, networking and sourcing opportunities for India's commercial security, smart home and fire safety sectors. In addition, plenty of educational value can be gained through the fairs fringe events, which include a fire safety training and two full days of smart city and security technology forums.
On April 1st, leading Japanese hospitality company Fujita Kanko Inc. will open a new overseas office in Guangzhou, China, its second in China after Shanghai.
Wyndham Hotels & Resorts, Inc. (NYSE: WH) announced that it has reacquired exclusive direct franchising rights for its Days Inn® brand for the People's Republic of China.
Dream Bangkok have been awarded the Best Luxury Boutique Hotel Regional Winner for South East Asia at the World Luxury Hotel Awards 2018 recently held in Bali, Indonesia.
It was 2014 and social entrepreneur Samir Lakhani was working on sustainable aquaculture projects in the villages of Northern Cambodia. Watching a mother wash and bathe her new baby using laundry powder rather than soap is a vision that has stayed with him to this day.
New bullet trains zipping between Hong Kong and mainland China are set to make travel for tourists faster, cheaper and easier than ever - although finding a hotel room amid rising visitor numbers could well become that much harder.
Budget hospitality firm OYO on Monday announced its entry into 'OYO Living' a long term fully managed housing rentals. Starting with ₹ 7999, per bed, per month, OYO Living will help residents save on brokerage, lock-in periods, and the hassle of searching house helps and support services involved while moving to a new residence.
A quick drink at Enso Ango involves a little more effort than most hotels - the bar is in a different building from most of the bedrooms, a good 10-minute walk away. Breakfast in the hotel restaurant? That's a five-minute stroll to another building. With five separate locations around the centre of Kyoto, Enso Ango is Japan's first "dispersed" hotel, though scattering the rooms and amenities a few roads apart is not for lack of space: the aim is to immerse guests in the local culture.
AccorHotels and Luneng Group recently signed a memorandum of understanding forming a strategic partnership in China. The MOU outlines cooperation between the two leading companies to create a solid platform combining the management of hotels, luxury and upscale serviced apartments and timeshares in unique destinations in China.
The rising security requirements of Vietnam's commercial and residential property sectors have set the stage for a fruitful three days of business at the show, which takes place from 16 - 18 August 2018. A new zone showcasing smart home and smart building technology is among numerous additions, which have seen total exhibition space climb 11% to a new record of 10,000 sqm (2017: 9000 sqm).
Based in Hong Kong, Gordon Oldham is a UK-trained lawyer who has recently created his own hotel group. The Pavilions Hotels & Resorts celebrate Oldham's love of of design, life, nature, history, conservation, adventure and culture. Since launching, the group has rapidly expanded, with boutique locations now including Amsterdam, Madrid, Rome, Lisbon and Niseko, as well as a unique pop-up adventure camp in Mongolia. A keen adventure traveller, throughout his life and career, Oldham has ventured to some of Asia's most remote and beautiful locations. It was through these experiences that he developed the idea for Pavilions.
Tourists who visit their ancestral homelands carry with them personal connections that "influence how they gaze upon its people, culture and landscapes", according to Dr Wei-Jue Huang, Professor Brian King and Dr Wantanee Suntikul of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University. Through interviews with second-generation Chinese-Americans who recently visited China, the researchers found that instead of searching for the "exotic", as tourists normally do when visiting a foreign country, migrant tourists tend to seek out similarities that help them to feel connected with their families and heritage.
Revenue generated by outbound tourism from China continues to grow in 2018. The United Nations World Tourism Organization (UNWTO) found that spending from Chinese tourists abroad now makes up 21% of all tourism spending. In addition, each Chinese traveller spends on average more per trip than tourists from any other country.