Oyo forays into leisure segment with Palette Resorts

Hotels chain Oyo today said it has forayed into the leisure category with its new brand Palette Resorts.

The hotels chain is currently partnering with select resorts that offer amenities including rooms, private villas and beaches, gourmet dining, spa and other recreational provisions, a release said.

"With Palette by Oyo, we are expanding our playfield to upscale resorts, while remaining committed to our core value proposition - location, quality, and price. These are hand-picked, premium accommodations," its chief of strategy, Maninder Gulati said.

The Gurugram-based company is starting with a property in Pondicherry named Palette Resorts - Le Pondy.

Gulati said Oyo will look to expand the footprints of Palette Resorts to other tourist destinations in India and other international markets based on the learnings on ground and feedback from asset owners and guests.

India currently has over 4,000 unbranded independent resorts and branded assets across heritage, beach properties, and inland, with over 65 per cent of these concentrated in primary leisure travel locations like Kerala, Goa, Karnataka, Rajasthan and Uttarakhand.

Palette Resorts by Oyo will be operated under models of manchise (contract management and franchise) and lease with full inventory control like the economy and mid-market segments.