Oravel Stays, the parent company of hospitality unicorn OYO, plans to launch the first Palette hotel in Morbi, Gujarat - the ceramic hub of India. The 48-room hotel aims to cater to the business travelers needs in the region that is home to 90% of India's tile production with an annual turnover of about INR 50,000 crore. Oravel Stays had first piloted 10 Palette hotels in cities like Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bengaluru last year and now plans to take direct operational control of select properties in high-growth locations. Once completed, it will have 23 Palette hotels in total, operating on a self-managed model similar to OYO hotels. This marks the restart of OYO's self-operated business that was discontinued in 2020.Read more
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