Oyo’s Troubles Mirror Modern India’s and 6 Other Top Hospitality Stories This Week
Photo Credit: Oyo is scaling back its ambitions after intense scrutiny of the way it operated, which was very much informed by the country if was founded in. Oyo Hotes & Homes
Skift Take
This week in hospitality news, Oyo played by India's rules until it couldn't anymore. Now the company is scaling back amid media scrutiny, bad reviews, and growing losses. Plus, a new study shows that the surge in short-term rental offerings is putting pressure on the ability of hotels to raise rates.
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.
The Story of Oyo’s Troubles Is the Story of Modern India: What’s happening with Oyo cannot be looked at separately from the modern Indian milieu that gave birth to it, and in which it operates. Oyo now needs to rise above that legacy and bring in the global business practices that ensure it survives and thrives in the future.
Short-Term Rentals a Key Factor in Sluggish Hotel Rate Growth: U.S. hoteliers are finding thei
