Oyo’s Valuation Could Spiral to $6 Billion and 12 Other Top Hospitality Stories This Week
Photo Credit: A guest room at Oyo Hostal Las Murallas in Madrid, Spain. Oyo Hotels & Homes
Skift Take
This week in hospitality news, based on coronavirus impact, particularly from China, Oyo's valuation could plunge to $6 billion based on Skift Research estimates. Plus, Best Western stands out among its hotel peers as a nonprofit with a unique membership model for its owners. Is that holding it back from growth?
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 Post-Coronavirus Valuation Could Fall to Around $6 Billion: Numerous travel companies, private and public, have seen their valuations taken down a peg by coronavirus. But Oyo’s China business, where it fields about 60 percent of its rooms, and its ongoing operational problems in other regions exacerbate its likely valuation decline.
Best Western: A Hotels Anomaly Ripe for Change: Best Western’s unique longstanding model gives much power to its member hotels. But as changes quickly alter the industry’s landscape, can the chain still compete effectively under the old ways?
Myopia, Spin and the End of the Hotel Industry's Winning Streak: Just weeks ago, the trend was for hotel companies to give guidance that didn't include coronavirus fallout with the expectation that anal
