The comments underscore the anticipation within the hospitality industry that the coronavirus outbreak will fundamentally change the nature of travel.
"The hospitality industry will never be the same again, that is absolutely clear," Ritesh Agarwal says. "Small hotels are going to be in vogue. In my view, small is going to be the new big, wherein people will rethink a lot about going back to that 1,000-room hotel versus going to a 40-room niche hotel."
Oyo, founded by Agarwal in 2013 when he was 18, allows guests to book hotels through its mobile app.
It franchises its brand and offers standardized amenities in its network of more than 43,000 hotels and over 1 million rooms across more than 800 cities in 80 countries.