HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

OYO to focus on vacation homes for driving growth in Europe: Ritesh Agarwal

Wednesday, October 14, 2020, 12:15 Hrs  [IST]

Ritesh Agarwal, Founder & Group CEO, OYO Hotels and Homes Pvt Ltd today while addressing the session ‘Reimagining Technological Innovation’ during the FICCI LEADS 2020, said that after being hit hard by pandemic, vacation homes have emerged as the clear favorites for European customers with business growing by 140-150 percent in the last six months. “Oyo Hotels & Homes would have a major focus on the segment while cultivating the European markets,” he added.


Sandip Somany, Immediate Past President, FICCI & Vice-Chairman and Managing Director, HSIL, stated, “In these VUCA times, industries globally are realigning their business strategies and looking for growth regions for market expansion. India remains a natural partner to European countries to further deepen technological ties and rediscover rapidly expanding entrepreneurial zeal at the grassroots level.”


Dr Anish Shah, Dy. Managing Director & Group CFO, Mahindra Group, India said, “Manufacturing technology upgradation in cars and tractors have changed significantly with the use of AI and the process will only get hastened in the times to come.”


Speaking about initiatives at the Mahindra Group, Dr Shah mentioned, “M&M’s Krish- e is a low-cost innovation on improving the production and increasing production per acreage.”

KS Kumar, Group CCO Sutherland Global, stated that Sutherland believes in being ‘globally consistent, but locally relevant’. “This has allowed the organization to make effective use of technology to keep the workplaces close to where the people reside,” Kumar noted.


Speaking on sustainability, Kumar highlighted four factors. “To focus and meet the expectations of a Country, Community, Client and Company,” he said. This has been driving the organization’s growth story and has allowed it to expand its operations across continents. He further said that India needs to leverage on technological innovation which are pockets of innovation in Europe.


Dr Bernd Montag, CEO, Siemens Healthineers noted that the Indian healthcare entrepreneurs holistically run their business which could be used as an export model by India. “Collaboration with India is exciting as Indian healthcare is run in a holistic manner to make it affordable.”

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  OYO contributes to ‘Invest in Denmark’ with acquisition of Nordic based Bornholmske Feriehuse
»  Indian hospitality sector witnessed a 339.3% YoY RevPAR growth in Q2, 2022: JLL
»  OYO announces Independence Day Explore the Unexplored offer with stays starting INR 399
»  'We continue to focus on the cloud kitchen vertical with our established brands for the delivery business':Anjan Chatterjee, MD, Speciality Restaurant
»  Industry Status will help accelerate the growth and development of the industry, says HAI
»  RateGain announces Results for Q1FY23; Continues Strong Momentum with 59% Y-o-Y Revenue Growth
»  Premium liquor stores are driving the trends of browsing and experimentation in the alcobev industry, says Nita Kapoor, CEO, ISWAI
»  OYO distributes laptops to meritorious underprivileged students in Gurgaon
»  ‘Sustainability is the key focus area of Mercure Hyderabad KCP’ : Soumitra Pahari, General Manager, Mercure Hyderabad KCP
»  “We foresee a 60% expansion growth in FY 2023-2024”: Sadgun Patha, MD & Co-Founder of Platform 65
»  OYO slashes tariffs upto 60% to help rain drenched Mumbaikars
»  OYO halves stay prices for small businesses to mark World MSME Day
»  Frontline Performance Group and HM Corp Join Hands to Fuel Growth and Empower Hoteliers in Indian Hospitality Marketplace
»  Betting big on business travel, OYO adds more than 1,250 corporate clients since March 2022
»  HRAWI Delegates Meet Tourism Minister In Mumbai; Discuss Revival & Growth of Tourism & Hospitality
»  SoftBank-Backed Oyo to Shelve Plans for IPO in 2022, Sources Say
»  ‘Optimism amongst industry players and the upcoming vacation season looks promising’: Gurbaxish Singh Kohli
»  Cygnett Hotels & Resorts appoints Amit Mahajan as Chief Growth Officer
»  OYO announces a free stay after 5 night stays
»  FHRAI Submits Representation To Tourism Minister For The Revival & Growth Of Hospitality Industry
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd