OYO eyes UP Tourism's loss-making properties as it expands hotel chain

Only 15 of 100 hotels and rest houses run by state tourism are profit-making; efforts to turn around loss making ones by leasing them out to private partners have been failed so far

Fast-growing budget hotel aggregator OYO is exploring the possibility of adding the loss-making properties of Uttar Pradesh Tourism Department to its chain of hotels.

OYO today held preliminary discussions on the issue with UP Tourism Department and UP State Tourism Development Corporation (UPSTDC) officials in Lucknow. “We are keen to partner with the state tourism department for operating their existing assets and turning them around. State government officials have seen our system and how we operate,” OYO Hotels and Homes (operated business) COO Ankit Tandon told Business Standard here.

Noting the company was keen on taking the idea forward, he maintained if