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Articles tagged “budget hotels”

Online Travel

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Hotels

Premier Inn to Expand Budget Hotel Empire in Germany Through Acquisitions

Branded rivals Ibis, B&B, Motel One, and Best Western better watch out. UK-based brand Premier Inn is hungry to grow in the large German market.

Premier Inn to Expand Budget Hotel Empire in Germany Through Acquisitions

Hotels

Whitbread’s Premier Inn Sees Boost From Budget Travel Demand

Cost-conscious consumers might have helped UK-based hotel chain Premier Inn beat performance expectations. Still, the company seems set to find added measures to add value for its shareholders with a potential share buyback program.

Whitbread’s Premier Inn Sees Boost From Budget Travel Demand

News Blog

Oyo Claimed to Have Outpaced U.S. Budget Hotel Recovery

Oyo, which advertises itself online as "India's Best Online Hotel Booking Site for Sanitized Stays," said it is performing well in the U.S. — after de-emphasizing its U.S. presence during the height of the pandemic. The Oyo Las Vegas Hotel. Source: Danielle Hyams/Skift India is Oyo's largest market. The company said Friday that during 2022…

Hotels

New Field & Stream Hotel Brand Backed by Starwood Wagers on Outdoor Travel Growth

Congratulations, Mr. Sternlicht. You just invented motels. Econolodge without the econo. We look at the new brand's pitch deck.

New Field & Stream Hotel Brand Backed by Starwood Wagers on Outdoor Travel Growth

News Blog

Whitbread’s Premier Inn Gains Hotel Guests as Inflation Pounds UK

Whitbread's Premier Inn reported strong third-quarter occupancy figures for its 890 hotels, averaging 85 percent. Executives credited the performance to travelers becoming more cost-conscious during an inflationary period in its key markets of the UK, Germany, and the Middle East and thus migrating away from costlier hotel brands. The budget hotel chain said on Thursday…

Hotels

Premier Inn Sees Upsides for Itself With Economic Headwinds

Premier Inn expects to gain market share as rising energy and labor bills prompt many independent hotel owners to throw in the towel. Sad news for the industry, but good news for parent company Whitbread.

Premier Inn Sees Upsides for Itself With Economic Headwinds

Online Travel

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Not too concerned about the Fitch downgrade, Oyo would rather look at the silver lining — a projected 80 percent growth in financial year 2023. The rating revision is in line with more modest expectations for Oyo's IPO.

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Business Travel

Hostelworld Launching Platform to Connect Solo Travelers Before Trips

Adding social network-like features could win it some more new-to-hosteling customers, clearly needed after racking up losses of $90 million during the pandemic. But doesn't this take the fun out of the haphazard nature of hosteling?

Hostelworld Launching Platform to Connect Solo Travelers Before Trips

Hotels

Oyo Hotels Eliminates U.S. and China as Focus for Growth

Critics have been saying for years that Oyo needed to get its house in order and to tamp down on its reckless growth plans. Whether that actually happens or not will become clear over the next year or two.

Oyo Hotels Eliminates U.S. and China as Focus for Growth