The comments by Ritesh Agarwal underscore the anticipation within the hospitality industry that the coronavirus outbreak will fundamentally change the nature of travel.
Oyo, founded by Agarwal in 2013 when he was 18, allows guests to book hotels through its mobile app and also franchises its brand and offers standardized amenities at hotels on its network. In the United States, where Oyo customers are primarily truckers, pharmaceutical reps and so-called essential workers, the company’s revenue per available room is around 92% of pre-coronavirus levels and OYO has seen record sales, Agarwal said.
riteshagar I agree. I’ve even moved away from all hotels at this time in lieu of an Airbnb home.