Hotel franchise business
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Preeti Shishodiya Dec 08 2020 - 4 min readToday, in the difficult times of COVID, the hospitality industry is facing the biggest challenge. Only the companies that have evolved with a robust business model can survive and sustain post-COVID. OYO is one such company. It started in 2013 and currently, it is present in 800 cities in 80 countries. There are two major ...
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Vaishnavi Gupta Jul 30 2020 - 5 min readThe hotel industry has been largely dominated by unorganized players even till now. Back in 2006/07, the organized segment was dominated by International chains which primarily expanded with either management contract or franchise business model in the country. It was in 2009/10 when domestic chains also started to expand and increase their share in ...
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Vaishnavi Gupta Jun 01 2020 - 4 min readCoronavirus pandemic has caused an unpredictable market crisis that any of the sectors has ever witnessed. With leisure and business tourism coming to a standstill due to this pandemic, India's hospitality sector is facing its biggest crisis ever. In conversation with Entrepreneur India, Ritesh Agarwal, Founder & CEO, OYO Hotels and Homes, highlights the kind of ...
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Nibedita Mohanta May 15 2019 - 3 min readIndia’s rising middle class and increasing disposable incomes has continued to support the growth of domestic and outbound tourism. As per the Ministry of Tourism, foreign tourist arrivals (FTAs) in India increased 19.5 per cent year-on-year to 630,000 in May 2017. FTAs on e-tourist visa increased 55.3 per cent year-on-year to 68,000 in May 2017. ...
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Sneha Santra Dec 06 2018 - 2 min readThe trend of travelling for business is booming nowadays and that trend doesn’t appear to be going away anytime soon. Business travellers can be bread and butter for many hotels. A recent survey conducted on business travellers aged 23 to 35 found that 56 percent of millennial employees create reasons to travel for work. So, ...