India: Oravel Stays, the parent company of global hospitality chain OYO, has announced that its European vacation rental brand, DanCenter, is to officially launch in India – the country where OYO is headquartered.
DanCenter, which was previously acquired by OYO Vacation Homes in 2019, will debut initially with luxury villas in Siolim, North Goa, as part of its expansion into India.
In a statement, OYO said that it was committed to launching only newly constructed properties in India, thereby ensuring a premium experience for guests, and that it was in advanced discussions with real estate investment banking firm Provident Group to launch serviced apartments in Goa.
Aditya Sharma, luxury business head of Oravel Stays, said: “We are excited to bring DanCenter’s unique vacation home experience to India, starting with Goa—a destination synonymous with leisure and luxury. The demand for luxury holiday home rentals is growing in India, making this the right time to introduce the DanCenter experience to Indian guests.”
Arjun Singh Meena, business head at DanCenter India, said: “Indian travellers today seek more than just accommodation; they desire personalised, high-quality experiences in well-managed, luxurious spaces. With our legacy of over six decades in Europe, we bring deep expertise in curating exceptional vacation stays.”
Originally based out of Denmark, and founded in 1957, DanCenter is reported to be currently managing 12,000 properties across the likes of Denmark, Sweden, Norway and Germany.
Last year, however, the holiday home rental brand announced further plans to grow its presence in Europe, including investing DKK 350 million in its native Denmark through to 2029, and providing Faroese operator Vert [[formerly known as Ognartænastan] with a €120,000 investment to support its expansion efforts.
As well as DanCenter, OYO Vacation Homes operates full-service provider Belvilla and online marketplace Traum-Ferienwohnungen.
It comes as Softbank-backed OYO is rumoured to be preparing to refile its draft red herring prospectus [DRHP] for an initial public offering [IPO] in the first quarter of this financial year, possibly even as soon as March.
It would mark OYO’s third attempt at going public, having delayed multiple attempts thus far due to volatile market conditions.
