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Leisure travel rules the roost this monsoon: OYO
The monsoon showers breathe a new life into the earth, giving travel enthusiast a perfect opportunity to immerse themselves in the lush beauty and serenity of nature. As monsoon sweeps across the country, global hospitality technology company, OYO, shared some interesting travel trends. As per the company, there is a 32% uptick in booking demand during the monsoon season as compared to last year. The surge in travel demand is primarily driven by leisure destinations, highlighting a growing inclination among travellers to embark on vacations during the rainy season. Conventionally, vacations have been primarily associated with the summer season, but this trend indicates a shift in preferences, with individuals now seeking delightful getaways amidst the monsoon showers. With 124% increase in travel demand, mountains are the clear favourite this monsoon. The top mountain destinations that have captured the imagination of travellers this monsoon are Nainital, Mussoorie, Shimla, Lonavala, and Ooty. With their serene landscapes, picturesque views, and pleasant weather, these destinations have become sought-after choices for those seeking a rejuvenating getaway amidst nature's lap. Beach destinations also witnessed an uptick of 112% compared to last year. Among beach destinations, Goa and Pondicherry emerged as the top choice, followed by destinations like Digha, Alibaug, and Kollam, indicating an increasing desire among travellers to explore offbeat destinations this monsoon. Spiritual destinations also witnessed increased traction during monsoon, with Varanasi, Puri, Tirupati, Amritsar, and Haridwar emerging as the top choices. Speaking on the monsoon travel trends, an OYO spokesperson said: “With the upsurge in bookings for leisure destinations during the monsoon season, it is evident that travellers are embracing the freedom of traveling any time, any day. Traditionally, summer has been the peak travel season, but the current trend showcases an interesting shift in preferences. People are now seeking to unwind and rejuvenate amidst the monsoon's charm, underscoring their yearning to create cherished memories whenever wanderlust strikes. At OYO, we are committed to catering to these evolving preferences and providing our guests with exceptional stays and unforgettable experiences.” Customers can do hotel bookings through a simple three click booking process on OYO Hotels app. Customers choose OYO’s platform for many reasons, including accessibility to hotels at competitive prices, quality accommodation, ease of use of the app, personalization, and flexibility of the platform. Customers can also resolve their queries quickly with OYO’s 24*7 chatbot – Yo! C
OYO to support first generation hoteliers to facilitate 1000 hotel expansion in new markets
Global hospitality technology company OYO has announced that it will add more than 1000 hotels as part of the Accelerator Program by December 2023. It also plans to add more than 100 first generation hoteliers operating these hotels across India. OYO is also offering financial assistance to facilitate expansion in new markets. It has already extended support worth INR 10 crore. Hoteliers who participated in this program recorded approximately 20% increase in revenue in three months. The Accelerator Program was launched in March this year with a stated target supporting 50 first generator hoteliers. OYO has already added more than 300 hotels operated by 30 hoteliers since the announcement of the plan which is higher than the initial target of adding 200 properties in the first phase of the program. Delhi NCR is a major contributor to the growth accounting for 40% of hotels followed by Hyderabad and Bangalore which together added 40% of hotels to the program. The rest of the growth came from other parts of India. Hotel owners with more than 5 running hotels are eligible to be a part of the Accelerator Program. OYO Accelerator Program is aimed at encouraging and empowering first generation hoteliers to accelerate their hotel portfolio expansion as travel surges in both business and leisure cities. Under this program, OYO is also helping them achieve long-term profitability and increase earnings by offering them mentorship, access to technology, dedicated relationship managers, financial support, and access to OYO’s network of over 15,000 corporate accounts and more than 10,000 travel agents across India boost business prospects. The Indian hospitality sector is showing signs of promising growth in the next few years. CBRE South Asia recently unveiled its report, 'Indian Hospitality Sector: On a Comeback Trail,' shedding light on the sector's growth and overall revival. It says that the sector is projected to attract over $2.3 billion in investments over the next 2-5 years. It also anticipates the addition of approximately 12,000 hotel rooms in 2023 alone. To cater to the growing demand, OYO is now focusing on first generation hoteliers planning to grow their business in top leisure travel destinations such as Shimla, Amritsar, Udaipur, Goa, Mysore, Tirupati, Puri, Gangtok among others to expand its Accelerator Program network. The plan is also aligned with OYO’s focus on increasing the number of premium hotels brands such as Townhouse Oak, OYO Townhouse, Collection O and Capital O in 2023. Elaborating on the encouraging response from the first-generation hoteliers, Anuj Tejpal, Chief Merchant Officer, OYO said “Since the unveiling of our Accelerator Program, we have been actively engaging with our hotel partners to gather their insights, concerns, and suggestions. Their enthusiasm and willingness to embrace expansion of their hotel portfolio have reinforced our belief that we are on the right path to achieving our goals.” Ganesh K, Director, G Silver Hotels, Chennai expressed his satisfaction with the program and said “The Accelerator Program has helped us resolve operational issues quickly as we get a daily report on customer feedback etc. Additionally, it has also increased the occupancy in our hotels since the properties are now visible to a larger universe of guests”. Deepak Rana, Owner of DSR Hospitality Service in NOIDA added “I have been working with OYO since 2017. The Accelerator program has enabled us to achieve swift growth, unlock the full potential of our properties and thrive in today's highly competitive hospitality landscape. We have leveraged OYO's advanced revenue management tools and techniques to ensure optimal pricing, maximise occupancy rates, and drive revenue growth”. OYO Rooms has simplified, modernised and digitalised its tech stack to help hoteliers increase their visibility and in turn improve their revenue. Its revamped technological products, like Co-OYO are now equipped to help patrons design and run their own promotional offers to increase occupancy and support revenue maximization. The AI based self-onboarding tool OYO 360 provides a simple two-click platform to enroll patrons on its platform. With a simple review, in a single click the property will be live in just 30 minutes across all platforms. Guests looking for comfortable stays choose OYO's platform for many reasons, including accessibility to OYO’s hotels at competitive prices, quality accommodation, ease of use of its app, personalization, and flexibility of the OYO hotel platform. They can also resolve their queries quickly with OYO’s 24*7 chatbot - Yo! Chat.
OYO to open 300 hill station hotels this summer
Global travel technology company OYO is expanding the number of hotels across key mountain getaways in India to capitalize on the summer vacation rush. The company is on course to open 300 new hotels by August 2023 across cities such as Manali, Mussoorie, Nainital, Srinagar, Shimla, Dalhousie, and Haridwar in the North; Ooty, Munnar, and Kodaikanal in the South; Gangtok, Darjeeling, and Shillong in the East; and Lonavala and Mahabaleshwar the West. Observing high traveller interest, OYO has already opened more than 180 hotels in the said cities since March 2023. With an increasing number of travellers seeking domestic getaways, the company is witnessing a significant surge in demand across major hill stations this summer. According the OYO’s Summer Vacation Index 2023, 82% Indians have plans to travel this summer, with 92% travelling domestic. With 30% upvotes, mountains are the clear choice this summer, followed by beaches at 26%. OYO's expansion in hill destinations comes at an opportune time, enabling travellers to make the most of their vacations while creating a positive impact on local economy and communities. As per the company, Manali has emerged as the most booked hill destination, followed by Haridwar and Gangtok. The other top destinations in terms of bookings are Ooty, Nainital, Srinagar, Mussoorie, Munnar, and Darjeeling. In terms of growth, Munnar takes the lead with 95% year-on-year increase in bookings, followed by Srinagar and Nainital at 61% and 53% respectively. Commenting on the expansion plan, an OYO spokesperson said, “Summer travel holds a special place in our hearts, evoking nostalgic memories of a carefree time from our childhood. Now, more than ever, people want to relive those cherished moments and reconnect with the nature. The surge in demand we are witnessing for hill stations is a testament to that. The trend will continue throughout the next 3 months, giving a major boost to the tourism and hospitality industry. With our expansion across key hill stations in India, we aim to provide a wide range of options for travellers, while also contributing to the growth of domestic tourism. As we move forward, OYO remains dedicated to delivering an exceptional hospitality experience and ensuring that our guests have a memorable stay.” In addition to expansion across hill destinations, OYO is also aiming to add 1800 new hotels to its portfolio in 2023 as part of its ongoing bid for premiumisation. By offering high-quality accommodations in addition to the existing budget-friendly options, OYO intends to cater to the diverse needs and preferences of its customers. Customers can do hotel bookings through a simple three click booking process on OYO Hotels app. Customers choose OYO’s platform for many reasons, including accessibility to hotels at competitive prices, quality accommodation, ease of use of the app, personalization, and flexibility of the platform. Customers can also resolve their queries quickly with OYO’s 24*7 chatbot – Yo! Chat.
OYO introduces “Stay Now Pay Later” for summer vacationers in India
Global hospitality technology company OYO has announced a Stay Now Pay Later (SNPL) option to provide Indian travellers greater flexibility while planning their summer travels. As per OYO’s Summer Vacation Index 2023, 82% Indians have plans to travel this summer, with 92% travelling domestically. Introduction of the SNPL feature allows travellers to plan their summer trips without the immediate financial burden, making travel more accessible and flexible. OYO has partnered with Simpl, a credit-based payments service, for this feature. SNPL provides customers with a credit limit of up to INR 5,000 which can be settled after 15 days of the stay. The feature can be accessed on the home screen of the OYO app. Customers can then opt for the SNPL plan that best suit their requirements. During a pilot conducted with 10% of its user base, OYO saw payment completion rates increase by 8%. Over 40% of the users utilised SNPL for transactions exceeding INR 2,000, indicating its appeal to cash-flow conscious travellers seeking a flexible payment solution. The feature is currently available for Android users and will soon be rolled out for iOS users as well. Commenting on the launch of the scheme, Abhinav Sinha, Global COO and Chief Technology & Product Officer, OYO said: “As a customer-centric organisation, we are constantly striving to make travel more convenient for our consumers. Travelling should only be about enjoying the experience with loved ones and we are constantly looking for solutions that help overcome any financial constraints that hinder our customers from pursuing their dream vacations. SNPL offers a convenient payment solution that caters to the needs of cashflow-conscious travellers. Through this, we aim to make travel more accessible and enjoyable, ensuring that our customers can focus on creating memorable experiences." OYO continues to revolutionise the travel industry by introducing innovative solutions that prioritise customer convenience and satisfaction. The new “Stay Now Pay Later” feature represents another step in this direction. Customers can do hotel bookings through a simple three click booking process on OYO Hotels app. Customers choose OYO’s platform for many reasons, including accessibility to hotels at competitive prices, quality accommodation, ease of use of the app, personalization, and flexibility of the platform. Customers can also resolve their queries quickly with OYO’s 24*7 chatbot – Yo! Chat.
OYO announces 60% discount for nearby international destinations
Global hospitality technology company OYO has announced a special discount scheme for Indian tourists planning to visit Southeast Asia and Middle East for summer holidays. They can avail up to 60% discount on their stay in OYO hotels and OYO homes in countries that include Thailand, Indonesia, Malaysia, Vietnam and Philippines in Southeast Asia and United Arab Emirates (UAE), Saudi Arabia, Oman and Bahrain in the Middle East. The discount is available on all segments of OYO hotels and OYO homes including Collection O, Townhouse Oak, Townhouse, Capital O and OYO Rooms. To avail this discount, guests can download the OYO App, search for the destination, and identify the best hotel as per their budget and location preferences. While making the booking, discounted prices will be activated via coupon code ‘OYOSPLSUMMER’. Guests can complete the booking after hitting the Book Now button and resolve their queries quickly with OYO’s 24*7 chatbot - Yo! Chat. Coupon is valid until June 30, 2023, and hotel bookings can be made until September 30, 2023.There are approximately 4000 OYO hotels and OYO homes across all these countries offering this discount. Many of these hotels are categorised as ‘Super OYO’ hotels that provide the most consistent and high-quality customer experience that includes spotlessly clean and well-maintained rooms and public areas, regular cleaning and maintenance, range of amenities and facilities to cater to guests' needs such as comfortable beds, quality linens, toiletries, and a variety of entertainment options, smooth check-in experience among others. Indonesia is the second biggest market for OYO after India with more than 2500 live and exclusive properties that include both OYO hotels and OYO homes. While OYO hotels are spread across all major leisure and business travel destinations, there are many OYO homes as well located around key tourist destination in Indonesia such as Bali, Sanghyang Kenit, Rajamandala and Kabupaten Bandung Barat, Desa Cibeunying, Cibodas, Kabupaten and Desa Carangsari. These destinations are famous for tourist activities such as rafting, cultural tours and smart farming. OYO Rooms also has a large and continuously growing network of hotels in Malaysia (Kuala Lumpur, Melaka City, Cameron Highlands), Thailand (Phuket, Bangkok, Chiang Mai), Philippines (Manila, Cebu, Quezon City) and Vietnam (Hanoi, Ho Chi Minh City, Da Nang, Dalat). In addition to this, OYO also has a strong presence in the middle east, United Arab Emirates, Saudi Arabia, Oman and Bahrain. Guests can also choose to stay at comfortable OYO homes at Dubai Marina, Business Bay and Discovery Gardens across UAE and Dubai. Recent travel statistics show that there is an increased interest in oversea travel, but rising air travel is making it more difficult for people to visit abroad. As a result, nearby countries in Southeast Asia and the Middle East are gaining popular among Indian tourists. Guests can enjoy snorkeling at Cebu (Philippines); beach holidays at Pattaya, Mai Khao and Ko Phi Phi, Pattaya floating market (Thailand); beach resorts, marble mountain and temples (Vietnam); sky diving and scuba diving (Bahrain); beach holidays (Oman) and visit mosques in Saudi Arabia. Elaborating more on the special scheme for Indian tourists, Ankit Tandon, Global CBO and CEO, Southeast Asia and Middle East said “OYO has a strong presence in Southeast Asia and Middle East where a lot of Indian tourists are expected to travel during the summer vacations this year. Most of the travelers prefer to travel to these regions since it offers a diverse range of attractions including beautiful beaches and tropical islands, rich cultural heritage sites and vibrant cities. This diversity appeals to a wide range of Indian tourists, including families, adventure-seekers, and cultural enthusiasts. Our special scheme is tailored to make their stay comfortable and memorable”. Guests choose OYO's platform for many reasons, including accessibility to OYO’s hotels at competitive prices, quality accommodation, ease of use of its app, personalization, and flexibility of the OYO platform. Members of the loyalty program ‘OYO Wizard’ in India can avail its benefits while booking their stay in southeast Asia and Middle East. A Wizard Gold member can earn benefits on his 5-night stay, while a Wizard Silver member can earn benefits on his 6-night stay and a Wizard Blue member can earn benefits on his 7-night stay.
OYO to double Char Dham hotels seeing record demand
Global travel technology company OYO has announced that it will double the number of properties available for the Char Dham Yatra 2023. The new properties will be spread across key locations along the Yatra route to make it easier for pilgrims to find a comfortable, reliable, and affordable place to stay throughout their journey. At present, the company has 40 hotels in Rishikesh, Haridwar, Srinagar, Kedarnath, Joshimath, and Uttarkashi, which will be doubled to 80 hotels. The Char Dham Yatra is a spiritual pilgrimage of four sacred shrines nestled high up in the Himalayas. These shrines include Yamunotri, Gangotri, Kedarnath, and Badrinath, attracting millions of pilgrims every year from across the world. As per the Uttarakhand government, 1.6 million devotees have already registered for this year's Yatra, and the number is slated to increase in the coming months. OYO has also witnessed a 206% increase in bookings for the Char Dham Yatra compared to the same period last year. With a year-on-year increase of 186%, Srinagar has taken the lead as the most booked destination for the Yatra followed by Rishikesh and Haridwar. Despite the challenging weather conditions this year, Indians are still exhibiting a strong desire to take the holy pilgrimage for spiritual enrichment. Commenting on the increased bookings, an OYO spokesperson said, “The Char Dham yatra holds immense significance for devotees across the world. However, the adverse weather conditions often disrupt it, sometimes even leading to its suspension for days. We are committed to making the journey easier and more comfortable for pilgrims. By doubling the number of properties available for the yatra, we want to ensure that pilgrims have access to affordable, comfortable and reliable accommodation throughout their journey.” Customers can do hotel bookings through a simple three click booking process on OYO Hotels app. Customers choose OYO’s platform for many reasons, including accessibility to hotels at competitive prices, quality accommodation, ease of use of the app, personalization, and flexibility of the platform. Customers can also resolve their queries quickly with OYO’s 24*7 chatbot – Yo! Chat.
OYO offers up to 70% discount on Hari Raya holiday bookings in Malaysia
Global hospitality technology company OYO is offering a special discount scheme for Hari Raya holidays in Malaysia. Under this scheme, guests will be eligible to avail up to 70% discount on their stay in more than 500 properties spread across 100 cities in Malaysia. The discount is available on all segments of OYO properties including OYO Rooms, Capital O, Collection O, OYO Townhouse and Townhouse Oak. There will be more than 10,000 rooms available for bookings in these hotels. There is a special focus on premium hotel brands such as Townhouse Oak and Collection O which meet premium hotel criteria such as design, service quality and high level of safety and health standards. It will encourage guests to stay longer and have a memorable Hari Raya holiday experience. To avail this discount, guests can download the OYO App, click on the red 'Nearby' icon to discover a valid participating hotel, and discounted prices will be activated via coupon code 'HARIRAYA70'. They can complete the booking after hitting the Book Now button and resolve their queries quickly with OYO's 24*7 chatbot - Yo! Chat. OYO is also giving OYO Money, up to MYR 50 to every guest who signs in on OYO App. The amount can be redeemed while checking into OYO properties across Malaysia from April 19 to May 1, 2023. OYO is focusing on the most popular destinations for Hari Raya holidays such as Kuala Lumpur, Malacca, Cameron Highlands, Ipoh and Kuantan. It is actively engaged with hotel partners to ensure an exceptional guest experience by prioritising the needs and preferences of guests. Elaborating more on the scheme, Akshay Rathod, Country Head, OYO Malaysia said, "Selamat Hari Raya Aidilfitri. Malaysia is an important market for us and we want to celebrate Hari Raya with a special discount scheme to encourage people to enjoy their holidays. We hope that it will help them enjoy comfortable and affordable stays while celebrating Hari Raya with their loved ones". There has been a significant rise in travel during the Hari Raya holiday in Malaysia. According to the Malaysian Association of Hotels, hotels in Kuala Lumpur reported an average occupancy rate of 80% during the Hari Raya Aidilfitri period, with many hotels fully booked. Additionally, data from the Malaysian Aviation Commission revealed that passenger traffic during the Hari Raya period increased by 8.7%, indicating a growing trend of travel during the festive season.
OYO joins the cricket fever, launches special offers
As the 16th season of India’s professional Twenty20 cricket league progresses, OYO has a special delight in store for all the cricket fans. The global technology hospitality company has rolled out unique offers on its app to reward both new and existing users. OYO is offering exclusive check-in rewards to consumers who stay in OYOs during the tournament along with refer and win scheme. The check-in rewards include Speakers, Smartwatches, Earphones, and Amazon vouchers, among others. Top 20 winners of the refer and win scheme will be rewarded with Amazon vouchers worth Rs 10,000. The company is also running exciting cricket trivia questions every day on its app through a feature called OYO-Q. As the fervour around the tournament continues to build, OYO is looking forward to welcoming cricket-fans from across the world and enable them to enjoy their favourite sport while also experiencing OYO’s signature hospitality. India’s professional Twenty20 (T20) cricket league has amassed a massive following since its inception in 2008. Cricket enthusiasts travel from across the world to witness their favourite teams compete for the championship. As per OYO’s current booking trends, Delhi, Hyderabad, Bangalore, Kolkata, Chennai, Mumbai, Lucknow, and Jaipur, are witnessing a surge in demand, a trend that the company anticipates will continue through April and May. OYO is expecting a greater influx in demand as the tournament proceeds towards the final stages. Commenting on the initiative, an OYO spokesperson said, “Cricket is not just a sport, it's an emotion that binds people together. We are just as excited as all the cricket fanatics to witness our favourite teams battle it out for the ultimate glory. With our special offers during the tournament, we aim to provide cricket fans with the best possible experience by offering comfortable and affordable stays across India. We are confident that our guests will enjoy watching their favourite teams play while also experiencing the comfort and convenience of OYO." To avail these offers, download the OYO App, and click the ‘OYOZATT’ tab. The offers will run throughout the course of the tournament.
OYO plans to double premium hotels in 2023
Global hospitality technology platform OYO has announced that it plans to double the number of premium hotels in India in 2023. It plans to support the surge in business travel by increasing its footprints across all the major business cities. Its premium hotel brands include hotels such as Townhouse Oak, OYO Townhouse, Collection O and Capital O. OYO plans to add approximately 1800 premium hotels this year. OYO’s focus on premium hotels started in the last quarter of 2022 when it added more than 400 new premium hotels between October to December. OYO’s expansion will focus on key business cities such as Bangalore, Hyderabad and Chennai in South India, Delhi and NOIDA in North India, Kolkata in East India and Mumbai in West India. Hotel owners to benefit from a bouquet of specially curated services such as enhanced exposure of the hotel to potential guests with the help of OYO’s network of over 15000 corporate accounts and more than 10000 travel agents across India and payment flexibility. This is over and above the customers that come through OYO’s App, website and all the key Online Travel Agents (OTA’s). OYO’s app is the third most downloaded travel app in the world. In addition to this, they also get the advantage of the trust and safety of the OYO platform, and a round-the-clock customer support through OYO’s Artificial Intelligence powered Yo! Chat and end-to-end proprietary customer support platform. The demand for premium segment hotels has picked up significantly in last few months. This could be attributed to the surge in domestic leisure travel, transient travel, pent-up demand from meetings, incentives and weddings segment, and gradual recovery in business travel and foreign tourist arrivals (FTAs). A report by credit rating agency ICRA says that India’s hotel room supply pipeline is expected to grow at 5-year CAGR of 3.5-4% adding approximately 15,000 rooms to the pan India premium inventory of approximately 94,000 rooms in financial year 2023. As per the findings of the report, pan-India premium hotel occupancy is expected to be 68-70% for FY23. Service industry is anticipated to lead the demand for business travel in the first quarter of the year 2023. Increase in air travel is also leading to higher demand for premium hotels. Directorate General of Civil Aviation (DGCA) shows that India's domestic air traffic rose 95.72% year-on-year (YoY) to 125.42 lakh passengers in January this year as compared with 64.08 lakh passengers in the corresponding period last year. Elaborating on the plan, Anuj Tejpal, Chief Merchant Officer, OYO said “We are seeing a clear trend of people's willingness to spend more on experiences. Therefore, hotels are now offering additional services and amenities to enhance the travel experience and make it more convenient for guests. Our expansion plan focusing on the growth of premium hotels is aligned with this trend”. While traditional business travel is a strong growth opportunity, alternative business travel adds an additional layer of growth in 2023. Bleisure travel, extending work trips for leisure, and flexcations, combining remote work with leisure travel are upcoming trends which are likely to shape the growth.
Come visit teamLab Planets in Toyosu Tokyo
Starting in March artworks featuring cherry blossoms that bloom across the space will be on view for the spring season only. Approximately 100,000 people from overseas visited teamLab Planets in Toyosu, Tokyo, between 9 December and 9 January 9, 2023. Of the visitors across one month, around 60% , or 1 in 2 visitors, were non-residents visiting Japan (*1), and the number of visitors from overseas has tripled compared to the same month in 2019 (before COVID-19). From Wednesday, 1 March, 2023 to Sunday, 30 April, 2023, two works, Floating in the Falling Universe of Flowers and Drawing on the Water Surface Created by the Dance of Koi and People - Infinity, will feature cherry blossoms that bloom across the space, on view during the spring season only. Floating in the Falling Universe of Flowers, an artwork in which flowers bloom and change with the passage of time, and the universe of life spreads across the space, will be filled with cherry blossoms during this limited period. In the work Drawing on the Water Surface Created by the Dance of Koi and People - Infinity, visitors walk in water and koi swim on the surface of the infinitely expanding water. When the koi collide with people, they turn into cherry blossoms and scatter. teamLab Planets is a museum where you walk through water, and a garden where you become one with the flowers. There are four massive exhibition spaces and two gardens. By immersing your entire body with other people in these massive artworks, the boundary between the body and the artwork dissolves. The self, others, and the world become continuous, and we explore a new relationship without boundaries between ourselves and the world. Enter barefoot, immerse your body with others in the artwork spaces, and become one with the world.
Toyota of Stamford
909 E Main St, Stamford, CT, USA
Toyota of Stamford
909 E Main St, Stamford, CT, USA
OYO
Bangkok, Thailand Thailand
joyoung
New York,
joyoung
New York,
joyoung
New York,
OYO
United States
OYO Netherlands
Netherlands, Amsterdam, Netherlands
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