Daily Newsletter

08 August 2023

Daily Newsletter

08 August 2023

OYO to add 50 hotels and homestays in Tamil Nadu, India

The hotels and homestays are planned to be added near Ramanathaswamy Temple in Rameswaram town as well as Ramanathapuram district.

Umesh Ellichipuram August 08 2023

Hospitality technology platform OYO has announced its plan to add 50 hotels and homestays in the Indian state of Tamil Nadu by the end of 2023, reported PTI via Moneycontrol.

The hotels and homestays are planned to be added near Ramanathaswamy Temple in Rameswaram town as well as Ramanathapuram district. Rameswaram is a municipality in the district.

According to OYO, the plan aims to promote Rameswaram as a major tourist destination and tap its rich cultural heritage.

Rameswaram is a popular location for pilgrims and spiritual seekers.

Among the other attractions for tourists at the place include Pamban Bridge, pristine beaches., etc

Most of the homestays at Rameswaram will be located close to Ramanathaswamy Temple.

The company intends to provide training to homestay owners which will enable them to tap earning opportunities by improving guest experience and efficiently managing their property.

The training will also focus on ways to promote their homestays through marketing techniques.

Oyo also plans to introduce and develop activities for tourists, including outdoor camping, marine biodiversity exploration, water sports, and walking trails.

It aims to co-create nature and marine walking trails and advertise them on numerous online travel sites for nature and bird lovers, reported ETHospitalityWorld.com.

OYO founder and CEO Ritesh Agarwal said: "OYO is excited to play a supporting role in the development of Rameswaram as a tourist hotspot. We plan to unveil the hidden gems, showcase the unique experiences, and elevate the tourism potential of this iconic destination through a sustainable tourism development plan.

"We are committed to working closely with government authorities, local stakeholders, and the community to implement this tourism development plan effectively."

The company has also launched homestay development projects for leisure travellers in Jammu and Kashmir and for religious travellers in Ayodhya.

Demand for upscale and luxurious products has been rising steadily in the travel and tourism sector

The theme of premiumization, and the upscale and luxury markets, now have the opportunity to thrive in an industry that has had to rapidly change to meet new changes in traveler demands. The increased need for privacy, a greater focus on health and wellbeing, a desire to tick off ‘bucket list’ experiences, unintentional saving of money, the tendency to take longer trips, the focus on eco-tourism, and an increase in millionaires means the theme of premiumization will continue to grow in importance. The travel industry will experience a surge in demand for higher-end and customized offerings as experiential consumption keeps growing. For many, ‘premium’ means a variety of things. However, it refers to first-rate service, extreme comfort, and one-of-a-kind experiences in travel and tourism. Premiumization is closely linked to luxury travel. While premiumization attracts only a small number of global travelers, it is important for companies as it is a valuable revenue stream that is unlikely to be impacted by external factors like economic downturns. Personalization is key in premium offerings, the shift from focusing solely on premium products to an emphasis on delivering exclusive and personalized offerings is apparent. Therefore, smart destinations can help to create hyper-personalized services and products. Leveraging the Internet of Things, destinations can curate offerings based on gathering real-time data on guest preferences and behaviors. This enables the industry to transcend typical offerings and remain competitive.

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