Pankaj Parwanda

OYO, led by Ritesh Agarwal, has successfully acquired G6 Hospitality LLC, the operator of Motel 6 and Studio 6 brands, from Blackstone Gulf Real Estate Broker LLC. The deal, worth $525 million, is expected to significantly boost Oyo's earnings, with projected Ebitda exceeding ₹2,000 crore by FY26. Read more: thekarostartup.com #OyoAcquiresG6 #HospitalityIndustry #Motel6 #Studio6 #BlackstoneRealEstate #RiteshAgarwal #HotelChain #Acquisition #BusinessGrowth #EarningsBoost #FY26Projections #IndianHospitality #TravelAndTourism

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We were not having first mover advantage in cab, we still entered! We were not having first mover advantage in Flight ticketing, we still entered! We were not having first mover advantage in Hotel, we still entered... In Q1 24-25 alone, on an avg discount offered per night per room is Rs 810 , on hotels across India. Sometimes, your ability to play outside your comfort zone with right intent, becomes a good business model. 😀 #businessmodel #evolution

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To explore Kashmir effectively, planning the journey to Delhi, Jammu, or Srinagar as a base point is crucial. Here's what we suggest: Decide Your Entry Point I) Delhi: Best for travelers from central, southern, and western India. It's well-connected by flights, trains, and buses. II) Jammu: Ideal for those traveling by train or road from nearby states like Punjab, Himachal Pradesh, or Haryana. III) Srinagar: Convenient for those preferring direct flights, especially from metros like Mumbai, Bangalore, or Kolkata. Travel to Your Entry Point I) By Air: Major cities across India have frequent flights to Delhi, Jammu, and Srinagar. Opt for Srinagar if time is limited, as it’s the heart of Kashmir. II) By Train: Take a train to Jammu Tawi, which is the nearest railhead to Kashmir. From Jammu, you can continue by road or take a flight to Srinagar. III) By Road: Reach Delhi or Jammu by interstate buses if you're from a nearby state. From Jammu, you can travel to Srinagar by road, enjoying the scenic views. Journey from Entry Points to Kashmir I) From Delhi: Fly to Srinagar (1.5 hours). Take a train to Jammu (8–10 hours) and proceed by road. Road journey to Srinagar via Jammu (~15 hours). II) From Jammu: Flights to Srinagar (1 hour). Drive (~8–10 hours), passing through Udhampur, Ramban, and the iconic Jawahar Tunnel. III) From Srinagar: Start your Kashmir exploration directly from here (e.g., Gulmarg, Pahalgam, Sonmarg). Recommendations for Travel Planning I) Mode of Travel: Opt for flights to save time; road trips are scenic but longer. II) Season: The best part about Exploring Kashmir is that you can visit all around the year. III) Duration: Allocate at least 5–7 days to explore Srinagar, Gulmarg, Pahalgam, and Sonmarg. IV) Permits: Ensure you have ID proofs and any necessary permits for regions near the LoC (like Gurez Valley). #kashtiadventures #kashmir #srinagar #explore #kashti #shikara #mountains

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OYO has introduced a new check-in policy in Meerut, where unmarried couples need to provide proof of relationship to check into partner hotels. This change might expand to other cities, stirring discussions on cultural norms versus individual freedoms in the hospitality industry. OYO OYO Vacation Homes #OYO #OYORooms #OYOHotel #Hotel

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The hospitality business in India is currently experiencing a boom. With the rapid growth of the tourism industry, the market is poised for high potential. Global hospitality brands are expanding their footprint through new hotel openings across India. Moreover, these brands are actively seeking new joint venture opportunities to further capitalize on this flourishing market

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WeWork India has posted a strong 26.7% revenue growth for FY24, reaching Rs 1,665 crore, despite challenges faced by its parent company. Membership revenue accounted for 84% of total income, reflecting a 48.9% rise. While ancillary services saw a decline, the company improved its bottom line by reducing losses by 7.6% to Rs 135.7 crore. Non-operating income boosted total revenue to Rs 1,737 crore. WeWork India is eyeing an IPO with a target valuation of $2-2.5 billion after WeWork's bankruptcy proceedings and failed stake sale attempt in the country. #WeWorkIndia #RevenueGrowth #FY24Performance #Startup77 #FlexibleWorkspace #BusinessGrowth #IPOPlans #WeWork #CoworkingSpace #OperationalEfficiency #LossReduction #WeWorkResilience #Startup77

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🔹 Why Choose an offline Travel Agent? 🔹 In the world of travel, unexpected hiccups are sometimes inevitable. What sets a dedicated travel agent apart is our commitment to ensuring that you’re never left in the lurch. At ALifetimeTrip India Private Limited we believe in taking full responsibility for your travel experience, which means that when things don’t go as planned, we’re here to make it right. We meticulously handle every detail and are always ready to step in and resolve issues, often going above and beyond to rectify any situation that arises. Choosing a travel agent means you have a partner who stands by you, not just through the booking process but throughout your journey. It’s this level of accountability and personal touch that makes the difference between a seamless experience and a stressful one. Travel with confidence knowing that your agent is dedicated to your satisfaction and will work tirelessly to ensure your journey is smooth, no matter what. #TravelWithConfidence #TravelAgent #CustomerCare #TravelResponsibility #TravelExperience

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RedBus CEO Urges State Transport Corporations to Embrace Digital Ticketing According to a report in The Hindu, travel aggregator redBus has urged state-owned bus operators to make their services available on booking apps, arguing that this move could significantly boost revenue for state road transport corporations (RTCs). States such as Maharashtra, Tamil Nadu, and Karnataka, which manage some of the largest inter- and intra-state bus networks in India, have recently pulled back their online booking options. https://lnkd.in/gwNzikgz #redBus #CEO #Urges #statetransportcorporation #Digital #Ticketing #RTC #boost #revenue #interstate #intrastate #networks #pulled #back #online #options #travel #traveling #traveladvisor #travelindustry #travelagent TraveLICE TraveLICE Customercare

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The Indian hotel industry witnessed a marginal growth of around 2% in YoY RevPAR during October 2024. Overall occupancy declined by 100-300 bps Y-O-Y to 58-60%, states a report by HVS India & South Asia-ANAROCK. The RevPAR growth was driven by an increase in ARR by approximately 6% even as the industry witnessed a drop in occupancy. While Q1FY25 witnessed a sluggish start to the financial year with India’s hotel industry RevPAR growing at a mere 4-5% at industry level, July 2024 saw a strong bounce-back in demand with industry ARR growing by 8-10% YoY to approximately Rs 7000, and occupancies rising 3-5% YoY, leading to YoY RevPAR growth of around 15% Mandeep Singh Lamba #indiahotels #hospitalityindustry

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Decline of Tourism in Goa: Understanding the Challenges —— Check the full article here:  Jadetimes.com | Travel News  —— Visit the link in our bio. #Jadetimes #TourismChallenges #GoaTourism #TravelDecline #SustainableTourism

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Kochi registered the highest increase in occupancy rate, while Hyderabad and Mumbai experienced declines in year-on-year occupancy rates, according to HVS Anarock's interactive newsletter H2O for July 2024. Read more: https://lnkd.in/d5tjp8Td #hotelierindia #hospitalityindustry #hospitalitytrends #newsletter #traveltrends

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Where are we heading as a society? Recently, I had two frustrating experiences: a bus ticketing agent who displayed poor behavior and a security guard at Vivekananda Road metro station who seemed utterly clueless about his responsibilities. It's easy to brush off such incidents by saying they're just doing their jobs, but aren't we, as a society, partly responsible for this? Doesn't this reflect the authorities’ inefficiency in providing proper training, especially in behavioral skills? Our education system also plays a role in this. In the past, during the "Baby Boomers" era (1946-1964), moral science was an essential part of our curriculum, instilling values and ethics. Over time, however, this focus has diminished, leaving a gap in the development of interpersonal skills and empathy. Adding to this is the growing influence of digital platforms that encourage people to purchase unverified products by offering rewards. When these products turn out to be substandard, such platforms absolve themselves of responsibility, claiming to be “just a platform” with no accountability for product quality. To make matters worse, when customers reach out to these platforms' call centers, they are met with scripted responses that rigidly adhere to policies, offering little to no real solutions. The so-called training provided to customer service representatives appears designed solely to deflect questions and soft-pedal issues, often lacking any genuine empathy for the customer’s concerns. As we move forward, the generational divide continues to grow. We now coexist with Gen X (1965-1980), Millennials (1981-1996), Gen Z (1997-2010), Gen Alpha (2010-2024), and soon, Gen Beta (2025-2039). Rapid advancements in AI and robotics are reshaping the world, accelerating the pace of life, and widening this gap. Younger generations, shaped by technology, often adopt a highly practical, less emotional approach to life. While this mindset suits the modern world, it can leave older generations feeling disconnected and out of place. The question arises: how do we bridge this gap? Will older generations retreat into nature, seeking solace, or resign themselves to being left behind in a world they no longer recognize? The world is undoubtedly changing, and the challenge lies in adapting without losing the human touch that binds us together.

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This is why Goa is attracting savvy investors from around the world, making it a perfect year-round investment opportunity. ⭐ Government Plans and Infrastructure Development ⭐ High Rental Yield  ⭐ Capital Appreciation ⭐ Tourism Boom ⭐ Diverse Investment Opportunities  ⭐ Increased Demand for Luxury Properties By investing in Goa, you're not just buying property; you're securing a slice of paradise with the potential for substantial financial returns. Read more about Goa for your next investment, and watch your portfolio thrive in this ever-popular destination⬇️ https://lnkd.in/dG-bTcf7  . . . #ALYF #SmartOwnership #HolidayHomes #MarketGrowth #MarketValue #FractionalOwnership

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The Indian hotel industry witnessed a marginal growth of around 2 per cent in YoY RevPAR during the month of October 2024 while the overall occupancy declined by 100-300 bps on-year to 58-60 per cent, stated a report by HVS ANAROCK . . . . . . . #hospitalitysector #learnwithremc #hotelindustry #growwithremc #demand #hospitality #hotelindustry #remcindia

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Thailand and Singapore See Travel Surge with Paytm's 10% Flight Discount and Free Cancellation Thailand and Singapore see a boost in travel as Paytm launches a 10% flight discount and Free Cancellation offer, making international trips more accessible. One97 Communications Limited (OCL), the parent company of Paytm and a leader in India’s payments and financial services sector, has unveiled exciting travel deals for adventurers planning trips to Southeast Asia’s top destinations—Singapore and Thailand. https://lnkd.in/gM9nUTvy #Thailand #Singapore #travel #Surge #Paytm #flightdiscount #free #Cancellation #international #trips #OCL #IndiaPayments #FinancialServices #adventures #SouthEastAsia #destinations #travel #traveling #traveladvisor #travelindustry #travelagent TraveLICE TraveLICE Customercare

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