The India OTA market is becoming consolidated with very few players dominating. This helps investors to scale.
This transaction is subject to customary closing conditions and is expected to be completed in the second half of 2019.
But that does not mean development can continue completely unmonitored.
F&B experience should reflect the core and style of the property. For hotel guests it should also be a memorable experience, adding to their overall stay.
Hoteliers today need to find the right balance of technology and hospitality to cater to what their guests want.
OYO says the deal marks a "massive opportunity" for it to capitalize on a $2 trillion market in private accommodation.
Next week, Marriott said it would start renting 2,000 homes in 100 cities across the U.S., Europe, and Latin America.
RXR will be responsible for the execution and management of the locations, while the Airbnb platform will be used to market and book rooms.
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