OYO to Expand Footprint with 500 Hotels in Religious Hubs

23 Jan 2025 CW Team

OYO, the global hospitality tech leader, announced plans to launch 500 hotels in major Indian pilgrimage destinations, aligning with the government’s push to enhance spiritual tourism. The expansion covers popular hubs such as Ayodhya, Varanasi, Prayagraj, Haridwar, Puri, and more, ensuring quality stays for millions of devotees.

Ayodhya will see the highest focus, with over 150 new hotels to meet rising demand following the Ram Temple inauguration last year. Ayodhya also became the most-searched spiritual destination on the OYO app, recording a 39 per cent growth in searches for New Year holidays. With the temple’s first consecration anniversary on January 22, 2025, the city anticipates a surge in devotees.

OYO will add 100 hotels in Varanasi and 50 each in Prayagraj, Haridwar, and Puri, catering to significant demand, including bookings for Prayagraj’s Maha Kumbh. The hotels will operate under the ‘company-serviced’ category, ensuring enhanced guest experiences.

India’s spiritual tourism market is poised to generate INR 59 billion by 2028, creating 140 million jobs by 2030, according to government data.

[ET]

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..