OYO, a hospitality technology platform, announced on Friday its plan to launch 500 new hotels in the upcoming three months. These additions aim to meet the expected rise in booking demand in the host cities of the forthcoming men’s ODI cricket World Cup in India. Strategically located near the stadiums, these hotels will provide easy access to cricket fans worldwide.
What Happened? According to an OYO spokesperson speaking to Zee Business, travel demand typically spikes when marquee cricket tournament dates are announced. By expanding its hotel offerings, OYO seeks to ensure comfortable and affordable accommodations for those travelling to support their favourite teams.
OYO noted that hotel rates have already seen a surge due to the increased demand in host cities. They expect this trend to continue throughout the tournament.
See also: If You Invested ₹15,000 In Ideaforge IPO, Here’s How Much You’d Have Today
The ICC ODI Men’s World Cup is set to kick off on Oct. 5 and conclude on Nov. 19. Matches will take place in various Indian cities, with the final in Ahmedabad.
In related news, online travel services provider MakeMyTrip is encouraging residents in host cities to list their properties on its platform. This initiative follows a significant increase in the search for homestays, especially in cities like Ahmedabad and Dharamshala.
To aid cricket fans, MakeMyTrip has introduced a new feature that indicates the distance of the accommodation from the city’s cricket stadium. According to Parikshit Choudhury, MakeMyTrip Chief Business Officer, plenty of economical homestay options are still available for cricket enthusiasts in October and November.
Do not miss: Exclusive: This Startup Is Looking To Hunt Down Shares Your Grandfather Bought Years Ago—And Then Forgot About
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.