Articles tagged “oyo rooms”

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.

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.

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.

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.

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

Hotels

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

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

Online Travel

Oyo Enters the U.S. Budget Hotel Market

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.

Oyo Enters the U.S. Budget Hotel Market

Online Travel

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

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.

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

Hotels

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

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.

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

Hotels

Next-Generation Hotel Brand Oyo Is Raising $1 Billion

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.

Next-Generation Hotel Brand Oyo Is Raising $1 Billion

Online Travel

Why India’s MakeMyTrip Made Peace With Rapidly Growing Oyo

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.

Why India’s MakeMyTrip Made Peace With Rapidly Growing Oyo