The event also witnessed a product showcase that highlighted the technology applications introduced by OYO to automate customers, hotel partners and employee touch points.
The New Delhi Municipal Council (NDMC) decided to auction the hotel after IHCL’s 33-year lease ended in 2011, though it continued to operate it on temporary lease extensions.
Starting its operations with four properties in London that would offer about 80 rooms, OYO plans to take the number to more than 5,000 rooms by 2020.
The property spread across 45 acres is currently under minor renovation to comply with all the ITC's exemplary sustainability practises, it added.
IHCL also operates Taj Dubai in downtown Business Bay and has two new hotels, Taj Jumeirah Lake Towers and Taj Exotica Resort & Spa, The Palm, Dubai opening in late 2018 and 2019 respectively.
Louvre Hotels Group and Orange Tiger Hospitality to launch midscale full-service brand Kyriad in India
Louvre Hotels Group operates in India through brands like Sarovar Hotels, which it acquired in January 2017, Golden Tulip, Tulip Inn and Royal Tulip and now has 126 operational hotels.
India and Morocco share strong historical, economic and political ties and the signing of the MoU will further strengthen and develop this well-established relationship, the ministry of tourism said in a statement.
CAPA estimates that only 2.4-2.6% million people visit India each year for the purpose of holidays which is lesser compared to a city state like Singapore or beach destinations.
Kerala Tourism on Wednesday rolled out a 12-point action plan to revive the sector, which include rebuilding and repairing roads that connect popular tourist destinations.
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