LATEST NEWS

EIH’s Oberoi Hotels Sees Surge in Domestic Luxury Travel Demand Despite Global Disruptions Impacting Foreign Visitors

📰 India's luxury hotel market, led by EIH (Oberoi Hotels & Resorts), is seeing a significant rise in domestic affluent travelers. Vikram Oberoi, CEO of EIH, mentioned on Friday's earnings call that the domestic share has increased substantially. Despite a dip in inbound foreign travel due to the Iran war affecting air connectivity, strong domestic demand has more than compensated. April, usually strong for foreign tourists, faced disruptions, yet local demand remains robust.

Innovation

Neobanks Like Revolut and N26 Disrupt Traditional OTAs with Single-App Travel Booking Features

📱 Neobanks like Revolut and N26 are transforming travel booking by integrating it into their apps, challenging traditional OTAs like Booking.com. This shift caters to tech-savvy Millennials and Gen Z, who use fintech apps frequently. Neobanks offer 3%-10% cashback incentives, and possess deep spending data, enabling personalized travel recommendations. WIWT.travel supports this by acting as a financial distribution switch for hotels, connecting them to this evolving ecosystem of…

Mergers & Acquisitions

Hotel Operations


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