Moneycontrol PRO
HomeNewsBusinessOYO plans 400 properties in spiritual destinations, including Ayodhya, this year

OYO plans 400 properties in spiritual destinations, including Ayodhya, this year

The planned expansion in major spiritual hotspots across the country has been fuelled by a surge in domestic travel and rising interest in spiritual tourism, OYO said in a statement.

January 15, 2024 / 17:09 IST
OYO plans 400 properties in spiritual destinations, including Ayodhya, this year

Hospitality tech platform OYO on Monday said it is planning to launch 400 properties in major spiritual destinations like Ayodhya, Varanasi, Tirupati, and Katra-Vaishno Devi by the end of this year. The planned expansion in major spiritual hotspots across the country has been fuelled by a surge in domestic travel and rising interest in spiritual tourism, OYO said in a statement.

The hospitality platform has selected various destinations, including Ayodhya, Puri, Shirdi, Varanasi, Amritsar, Tirupati, Haridwar, Katra-Vaishno Devi, and Char Dham route, to launch properties. There has been a 350 per cent increase in searches for Ayodhya on the OYO platform over the past year, driven by the upcoming opening of the grand Ram Mandir on January 22, 2024, it added.

"Spiritual tourism in India is on the precipice of a monumental surge, poised to be one of the biggest growth drivers of our industry in the coming five years. The opening of the Ram Mandir in Ayodhya stands as a testament to this, and witnessing the excitement firsthand as I join in the grand ceremony will be truly humbling," OYO founder and Group CEO Ritesh Agarwal said. Renewed fervour for spiritual journeys extends far beyond Ayodhya, with destinations like Puri, Shirdi, and Varanasi experiencing similar excitement, he added.

"By offering comfortable and affordable accommodation options across these sacred sites, we aim to ensure every spiritual journey finds a welcoming haven, allowing pilgrims to fully immerse themselves in the transformative power of religion and spirituality," Agarwal said. OYO said Ayodhya has consistently held the top position in searches on its app over the past year. On New Year's Eve, the city witnessed a 70 per cent surge in OYO app users, surpassing popular leisure destinations, such as Goa at 50 per cent and Nainital at 60 per cent.

To cater to the influx of pilgrims in Ayodhya, OYO has launched 50 homestays, offering a total of approximately 1,000 rooms, it said, adding that the properties are strategically situated near key landmarks, providing easy access to prominent religious sites and tourist attractions. OYO has also partnered with the Ayodhya Development Authority and Uttar Pradesh State Tourism Development Corporation to ensure smooth and timely operations, the statement said.

 

PTI
first published: Jan 15, 2024 05:09 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347