Articles tagged “oyo rooms”

Hotels

Skift India Summit 2024: Oyo’s Funding Needs, Future of Air India and More – India Report

Oyo's IPO has been in focus for years. Its profitability and subsequent stable situation is indicative of the robust Indian hotel industry.

Bulbul Dhawan | 4 weeks ago

Skift India Summit 2024: Oyo’s Funding Needs, Future of Air India and More – India Report

Hotels

Oyo Gets Boost for Program to Aid New Hotel Owners – India Report

Oyo launched an accelerator program last year to support first-generation hoteliers. The credit facility boosts India's hospitality industry.

Skift | 1 month ago

Oyo Gets Boost for Program to Aid New Hotel Owners – India Report

Hotels

Oyo Outlook Stable on Emerging Profit for Hotels and Rentals

Take that money, watch it burn? Rating agency Moody's cautioned Oyo that it should instead consider sinking in the river the lessons it's learned about profitability.

Peden Doma Bhutia | 12 months ago

Oyo Outlook Stable on Emerging Profit for Hotels and Rentals

Online Travel

Oyo Drops Brand Guidelines for Competitive Edge as It Expands in the U.S.

Oyo's new focus on customer support could help, but its relaxation of brand standards in the budget sector could have big reputational risks.

Dennis Schaal | 1 year ago

Oyo Drops Brand Guidelines for Competitive Edge as It Expands in the U.S.

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…

Dennis Schaal | 1 year ago

News Blog

Oyo Plans to Double Premium Hotel Count in Indonesia to 400

Oyo, the India-based budget hotel chain and booking platform, plans to double its premium segment hotel count in Indonesia from around 200 properties to over 400 by the end of 2023. Announcing its plans to double its portfolio, Oyo on Friday said the demand for premium accommodation options is expected to grow significantly in Indonesia in…

Peden Doma Bhutia | 1 year ago

Online Travel

Oyo Still Keen on Long-Anticipated IPO in Early 2023

While Oyo plans to go ahead with its initial public offering, the hospitality company is yet to share the current valuation it is looking at. For sure, it would be nowhere close to its original hoped-for valuation of $12 billion.

Peden Doma Bhutia | 1 year ago

Oyo Still Keen on Long-Anticipated IPO in Early 2023

Online Travel

Oyo Looks to Finally Go Public Early Next Year: Sources

Even as Oyo continues to remain tight-lipped about the initial public offering, the long-awaited IPO looks to be on.

Peden Doma Bhutia | 2 years ago

Oyo Looks to Finally Go Public Early Next Year: Sources

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.

Peden Doma Bhutia | 2 years ago

Oyo Rating Downgraded by Fitch Amid Profit Concerns

Online Travel

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, yet Skift Research dug beneath the headlines to deliver analysis substantiated by Oyo's latest income statements.

Sean O'Neill, Skift | 4 years ago

Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing