Articles tagged “oyo”

Tourism

India’s Heatwave Has Record Numbers of Travelers Flying Outbound — India Report

Summer is peak travel time for Indians due to vacations. However, this time, it is the heat that is pushing people out of their homes and to cooler destinations - but not the domestic ones. Here's why.

India’s Heatwave Has Record Numbers of Travelers Flying Outbound — India Report

Podcasts

Oyo’s IPO Pause and IndiGo’s Business Class

On this week's podcast, our India-based editors look at IndiGo's new business class offering and discuss the latest on Oyo's IPO plans.

Oyo’s IPO Pause and IndiGo’s Business Class

Hotels

Oyo’s Fitch Rating Gets an Upgrade: What Led to the Change

This upgrade is a testament to Oyo's strengthening financial position and the broader positive trends within India's hospitality industry.

Oyo’s Fitch Rating Gets an Upgrade: What Led to the Change

Daily Lodging Report

Oyo in Talks to Raise up to $90 Million

Oyo is seeking to raise $80-$90 million from InCred's family offices at a reduced valuation to pay off debt and refile for an IPO.

Online Travel

Oyo Pauses IPO – Plans to Refile After Refinancing

Has Oyo withdrawn its draft red herring prospectus? Yes. Has it shelved its IPO plans? No. According to sources, the withdrawal of Oyo's draft papers does not indicate that the hospitality company is abandoning its plans to go public.

Oyo Pauses IPO – Plans to Refile After Refinancing

Hotels

Oyo Plans to Add 250 Hotels in U.S. This Year

While Oyo may look to go upscale in India its growth strategy in the U.S. primarily relies on its budget hotel segment.

Oyo Plans to Add 250 Hotels in U.S. This Year

Hotels

Oyo CEO Discusses Personal Highs and Lows, Shark Tank’s Impact – Full Video

Oyo CEO Ritesh Agarwal talked candidly about his dramatic past year. He saw his business thrive and became a judge on the popular TV show Shark Tank India. However, he also suffered personal loss and saw an IPO filing stall.

Oyo CEO Discusses Personal Highs and Lows, Shark Tank’s Impact – Full Video

Hotels

CEO of Oyo: We Don’t Currently Need Access to Capital

Oyo has been focused on hyper-growth. Its CEO wants to keep going, but he's happy to take a pause first if needed.

CEO of Oyo: We Don’t Currently Need Access to Capital

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.

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.

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