Oyo’s Growing Losses and 7 Other Top Hospitality Stories This Week
Photo Credit: Oyo Hotels and Homes this week disclosed widening losses in a new financial report. Oyo Rooms
Skift Take
This week in hospitality, Oyo Hotels and Homes disclosed bigger financial losses, mostly from China, as it continues its expansion. Meanwhile, Marriott is working to revitalize its W brand, and Selina hotels are moving fast to take on WeWork in South and Latin America.
Hotel News Weekly Roundup
Throughout the week we post dozens of original stories, connecting the dots across the travel industry, and every weekend we sum it all up. This weekend roundup examines hotels. For all of our weekend roundups, go here.
Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing: Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three years from now. Skift Research dug beneath the headlines to deliver analysis substantiated by Oyo's latest income statements.
Marriott’s Mission: Make W Hotels Cool Again: W Hotels were once the hottest hangouts in town but two decades after its cre
