Articles tagged “oyo rooms”

Oyo Enters the U.S. Budget Hotel Market

Oyo Enters the U.S. Budget Hotel Market

Sean O'Neill, Skift

Oyo has a seductive model of renovating budget hotels, running them efficiently through technology, and marketing them directly to consumers. But the startup risks imperial overreach by entering markets like the U.S. that differ significantly from its core markets in India and China.

1 month ago

What India Reveals About the Future of Online Travel: A Skift Deep Dive

What India Reveals About the Future of Online Travel: A Skift Deep Dive

Sean O'Neill, Skift

Surprising factors have delayed the coronation of MakeMyTrip Group as India's queen of domestic online travel. Paytm came out of nowhere to grab share, Oyo upended budget hotel distribution, Ixigo tried to make price comparison chic, and Booking.com outmaneuvered Expedia for premium hotel bookings. From this scrappy mix, online travel will find new lessons.

2 months ago

Oyo’s $1 Billion Fundraising Raises Strategy Questions for Hotel Chains

Oyo’s $1 Billion Fundraising Raises Strategy Questions for Hotel Chains

Sean O'Neill, Skift

Hotel groups may be tempted to dismiss Oyo as a company focused on budget travelers. But Oyo is growing faster than you can say "Softbank," the name of its most important funder. Procrastinating foreign brands risk playing a game of catch-up.

6 months ago

Next-Generation Hotel Brand Oyo Is Raising $1 Billion

Next-Generation Hotel Brand Oyo Is Raising $1 Billion

Saritha Rai, Bloomberg

Softbank poured the jet fuel of capital on Oyo's twist on hotel franchising. It has doubled its room count to more than 100,000 in India in two years, and just this year went from zero to 50,000 rooms in China. Wow.

6 months ago

Why India’s MakeMyTrip Made Peace With Rapidly Growing Oyo

Why India’s MakeMyTrip Made Peace With Rapidly Growing Oyo

Sean O'Neill, Skift

The decision by MakeMyTrip, India's largest online travel agency, to start selling Oyo budget lodging is significant. The move recognizes that the heavily funded Oyo is no longer a rival marketplace and is instead primarily a supplier. Asset-light hotel chains need to wake up to Oyo's rise.

10 months ago

India Hotel Brand Oyo Rooms Attracts a $10 Million Strategic Investment From China Lodging Group

India Hotel Brand Oyo Rooms Attracts a $10 Million Strategic Investment From China Lodging Group

Sean O'Neill, Skift

The 23-year-old CEO of loss-generating hotel aggregator Oyo Rooms has a business vision that has attracted total funding of $446 million to date. What could go wrong? Well...

2 years ago

Interview: OYO Rooms CEO on Reinventing Hotel Distribution

Interview: OYO Rooms CEO on Reinventing Hotel Distribution

Dennis Schaal, Skift

OYO Rooms founder believes that the future of travel is brands becoming their own distributors, which is, of course, every brand's dream. It may turn out to be true for super brands in isolated cases but it would be a very fragmented and unsatisfying user experience. There is a lot of convergence going on but the mammoth online travel agency sector isn't checking out anytime soon.

3 years ago

Venture-Funded Indian Hotel-Booking Apps Achieving Success With New Models

Venture-Funded Indian Hotel-Booking Apps Achieving Success With New Models

Adi Narayan, Bloomberg

Apps in India such as Oyo Rooms and Zo Rooms are making a mark attacking real problems: the lack of standards and quality in the country's hotel rooms. Their creative solutions to the problem are showing some promise.

3 years ago