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At 1.27 lakh, OYO sees highest daily bookings in May as travel surge builds

Yatra, Booking.com, Ixigo also see business uptick as travel picks up

Hospitality major OYO increases its ESOP pool by 41%
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Shivani Shinde Mumbai
Homegrown global travel technology company, OYO, has seen a record daily booking of 127,000 in May, reflecting a nearly 460 per cent year-on-year (Y-o-Y) increase. Sources attributed the increase to a steady surge in travel and changes in the way OYO allows visitors to pay directly to the hotel.

Last May, India was hit hard by the second wave of Covid-19, leading to a steep decline in travel. The company’s data shows an uptrend in travel since the beginning of 2022, with an almost 104 per cent jump in bookings in May 2022 in comparison with January 2022, and a 21