Currently, OYO operates 1,350 properties in Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Telangana, and the Union Territory of Puducherry and the plan is to add 500 to 700 in the region, the company said.
“Travel is rebounding in the country with continued growth in occupancy rate owing to the increase in demand. Down South, cities like Bengaluru, Hyderabad, and Chennai are among the top 10 business markets for OYO in India,” it said in a statement. Additionally, Kochi, Visakhapatnam, and Puducherry had emerged as prominent leisure markets in the country among others, it said.
OYO said it had witnessed sustained momentum in travel with a jumpstart in business from various industry sectors since January 2022 as Bengaluru and Hyderabad top the list of most-booked OYO hotels in the country besides Delhi.