Articles tagged “budget hotels”

Travel Megatrends 2020: Smart Design Isn’t Just for Luxe Travel Anymore

Travel Megatrends 2020: Smart Design Isn’t Just for Luxe Travel Anymore

Raini Hamdi, Skift

There is no turning back on the transformation of low-budget hotels from the “uncategorized” class into a legitimate segment of the global hotel industry. Future technology and the rise of Gen Z will further fuel innovation and change in the design of economy accommodations — especially in Asia.

5 months ago

Best Western: A Hotels Anomaly Ripe for Change

Best Western: A Hotels Anomaly Ripe for Change

Nancy Trejos, Skift

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?

5 months ago

Oyo CEO Defends Business Practices That Anger Some Hoteliers

Oyo CEO Defends Business Practices That Anger Some Hoteliers

Dennis Schaal, Skift

If you were thinking after a tumultuous last few months that a reformed Oyo would emerge, then guess again. The hotel chain is giving little ground on the basics of its business model, although it vows to get better on the execution of it all.

6 months ago

Oyo’s Global Downsizing Hits U.S. as One-Third of Staff Is Fired in Biz Model Shift

Oyo’s Global Downsizing Hits U.S. as One-Third of Staff Is Fired in Biz Model Shift

Dennis Schaal , Skift

If the cliché "no pain, no gain" applies to disruptor Oyo, then the chain is clearly in the pain part of that equation. The brand has definitely taken a huge reputational hit that will play out for months. There are certainly positives in Oyo's renewed value proposition to many properties if the chain doesn't trip over itself.

6 months ago

All of Oyo’s Brands Explained: New Skift Research

All of Oyo’s Brands Explained: New Skift Research

Seth Borko and Danni Santana, Skift Research

Oyo's multi-brand strategy speaks to its ambition to expand out of the budget category it started in. For now most of these brands are concentrated in India, which serves as a test market for Oyo. It will be interesting to watch how these regional offerings fare and evolve to fit into foreign markets.

9 months ago

Wyndham Is Expanding Overseas With Biggest Gains in Southeast Asia

Wyndham Is Expanding Overseas With Biggest Gains in Southeast Asia

Nancy Trejos, Skift

Wyndham Hotels and Resorts took drastic measures last year, buying La Quinta Holdings and splitting from its parent company. It had a mixed third quarter, but the company promises to keep pushing into new territory, especially outside the U.S.

9 months ago

An In-Depth Look at Hotel Chain Oyo’s Financials and Strategy: New Skift Research

An In-Depth Look at Hotel Chain Oyo’s Financials and Strategy: New Skift Research

Seth Borko, Skift Research

Oyo promises a new type of hotel company. It’s an asset-light brand that seeks to connect the global long tail of mom-and-pop hotels through its tech and distribution platform. But can it live up to the hype? Skift Research dives deep into Oyo’s business strategy and financial performance.

10 months ago

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Danni Santana, Skift

Oyo is opening, on average, one new hotel per day. It should be available in all 50 U.S. states in no time.

12 months ago

Hotel Budget Brand RedDoorz Captures Another $70 Million in Funding

Hotel Budget Brand RedDoorz Captures Another $70 Million in Funding

Raini Hamdi, Skift

The super-budget accommodation sector in Southeast Asia has so much potential. That’s old news. What’s new is super investors have finally warmed up to the idea and are backing RedDoorz in the face of Oyo’s entry into the region.

12 months ago

Accor’s Franchise Deal in Singapore Underscores Mounting Challenges for Budget Chain Oyo

Accor’s Franchise Deal in Singapore Underscores Mounting Challenges for Budget Chain Oyo

Raini Hamdi, Skift

The one thing budget hotel upstarts have done is make global hotel chains hungrier for their sector, especially high-growth markets such as Southeast Asia. Oyo probably knows this; it has named a CEO for the region.

12 months ago

Trump Hotels’ Indonesian Partner Invests in Budget Hotel Startup RedDoorz

Trump Hotels’ Indonesian Partner Invests in Budget Hotel Startup RedDoorz

Raini Hamdi, Skift

RedDoorz' latest funding round includes two interesting new investors, Qiming and MNC Group, and it says a lot about the potential of budget accommodation in Southeast Asia, which is also being pursued by Oyo.

1 year ago

Oyo Claims It Has Overtaken IHG as World’s Third Largest Chain

Oyo Claims It Has Overtaken IHG as World’s Third Largest Chain

Raini Hamdi, Skift

Oyo has been making upbeat announcements more than usual in the past few weeks. Is it building itself up toward an IPO or more funding, or is it fending off critics, skeptics, and issues in India and China?

1 year ago