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3 mins read
Post Covid travel boom helps OYO revive its IPO plans
Global hospitality services platform OYO filed an addendum to its draft red herring prospectus subm…
2 mins read
Consumers are taking more shorter trips through the year says OYO
Indian travelers have now switched to more frequent shorter domestic trips instead of planning elab…
2 mins read
OYO raised $660 million in debt funding to repay past debts
OYO has raised $660 million in debt from undisclosed institutional investors as the Gurugram-based …
3 mins read
August has a long weekend and Indian consumers are packing their bags to travel to Goa and Bali
Goa is where everyone’s headed for the long weekends in August.
6 mins read
Over 8.5 million new user bookings were made on the OYO app and website in 2020: Rohit Kapoor
Rohit Kapoor, CEO, OYO Hotels & Homes, India & South Asia tells us about India's favourite tourist …
4 mins read
Indians are travelling again! OYO saw a 72% surge in bookings for destinations like Jaipur, Goa and Kochi during the long weekend
Here is a list of the most popular travel destinations.
2 mins read
OYO founder Ritesh Agarwal announces ESOPs worth ₹130 crore for furloughed employees
Indian hospitality unicorn OYO has allotted ESOPs (employee stock ownership plan) worth ₹130 crore …
2 mins read
70% of OYO hotels in China have reopened — and bookings are rising slowly, the company says
While 70% of OYO hotels in China are now operational, it plans to open the remaining hotels in the …
3 mins read
Gen Zs & Millennials aid spiritual & wellness-driven tourism recovery in India
A survey by travel agency Agoda found wellness to be one of the top three motivations for Indians t…
2 mins read
After Flipkart Flights, the ecommerce player ventures into hotel bookings business
Ecommerce major Flipkart announced the launch of a new hotel-booking feature, Flipkart Hotels, on…
2 mins read
2 backpackers say they had to sleep outside an airport in Vietnam after their hotel booking was canceled at the last minute, and they documented the ordeal on TikTok
Backpacker Robbie Leigh posted a TikTok that showed him sleeping outside an airport after being kic…
Marielle Descalsota
4 mins read
Varanasi, Tirupati, Puri are top travel destinations, as spiritual tourism gains favour -OYO
Northern India has emerged as the most favoured spiritual travel destination followed by Southern, …
2 mins read
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
As hospitality major OYO firms up plans for its initial public offering (IPO), financial services c…
2 mins read
OYO is cutting costs in Japan by merging its hotel and rental apartment business
OYO in Japan is merging its hotel business and its rental venture – OYO Life. The merged entity wil…
6 mins read
Here's how OYO is enabling micro-entrepreneurship and creating crorepatis—many of them are from Gujarat
OYO Hotels & Homes, the world’s second-largest and fastest-growing chain of hotels, homes, ma…
4 mins read
The owner of Oberoi and Trident defers results triggering a sell-off in India's hotel stocks
However, EIH is not alone. Chalet Hotels, which runs the premier hotels – Marriot, Hyatt and Nov…
3 mins read
It's not just Zostel, OYO has 20 other lawsuits to fight
OYO — in its DRHP for the $1.2 billion IPO — had noted that the number of legal disputes, lawsuits …
2 mins read
SBI’s former chairperson Rajnish Kumar joins OYO’s board ahead of IPO
Hotel and hospitality firm OYO — which is expected to go for an initial public offering (IPO) soon …
2 mins read
OYO reportedly invokes ‘Act of God’ clause to suspend payments to hotel owners says report
According to the report, OYO in a letter to hoteliers has ‘proposed a revenue share model that s…
2 mins read
OYO now plans to layoff 2,000 employees, the company says it may ‘replace some candidates’
Yet, OYO continues to maintain that it is one of the “best places to work”. "OYO continuousl…