Articles tagged “oyo”

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Danni Santana, Skift

Sometimes it's obvious when a company is growing too fast. This doesn't appear to be one of those times. Oyo wants to be everywhere customers want to vacation.

6 days ago

What If Accor Acquires Oyo?

What If Accor Acquires Oyo?

Raini Hamdi, Skift

A full-blown acquisition or a stake in a tech-focused budget hotel player by a global hotel chain would be yet another strange development in the hospitality industry. But as we've seen, nothing is really strange anymore. This is an interesting development to watch, as the implications could be far-reaching.

3 weeks ago

Why Oyo and Ctrip Need Each Other: Bigger Reach in Asia

Why Oyo and Ctrip Need Each Other: Bigger Reach in Asia

Raini Hamdi, Skift

Oyo has more rooms in China than in India, but India is still its biggest revenue generator. A deal with Ctrip may help correct that imbalance.

4 weeks ago

Agoda CEO: Online Travel Is Becoming Like the Game of Thrones

Agoda CEO: Online Travel Is Becoming Like the Game of Thrones

Tom Lowry, Skift

Agoda has been an online travel leader in Asia for more than a decade. CEO John Brown doesn't doubt that it will stay the same, but the new competition sure indicates winter is coming.

4 weeks ago

An Accor Deal for Oyo Rival Treebo Could Give It a Brand Foothold in Europe

An Accor Deal for Oyo Rival Treebo Could Give It a Brand Foothold in Europe

Patrick Whyte, Skift

Accor is still seemingly on the hunt for acquisitions, and this one is pretty eye-catching. Treebo and its rival Oyo have disrupted the Indian hotel market, and now it looks like they will do the same in Europe and elsewhere.

1 month ago

Oyo Makes European Push With $415 Million Vacation Rental Acquisition

Oyo Makes European Push With $415 Million Vacation Rental Acquisition

Patrick Whyte, Skift

Having raised so much money, it's not surprising to see Oyo splashing the cash. We should expect further acquisitions as it pushes for global scale.

2 months ago

Skift Forum Asia: Why Oyo’s Founder Calls Himself the Chief Clarity Officer

Skift Forum Asia: Why Oyo’s Founder Calls Himself the Chief Clarity Officer

Raini Hamdi, Skift

Who has ever built a portfolio of half a million rooms in six years? Oyo, that’s who. And founder and CEO Ritesh Agarwal, who will be speaking at the first Skift Forum Asia on May 27, says his journey has just begun.

2 months ago

Oyo Taps Hotelbeds to Increase Travel Distribution

Oyo Taps Hotelbeds to Increase Travel Distribution

Patrick Whyte, Skift

Oyo has had plenty of success in its home market of India going direct to consumers, but if it’s to continue its global expansion plans it needs more routes to market.

2 months ago

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank

Raini Hamdi, Skift

Japan is a destination that’s never, ever described as affordable. But Oyo, with its budget hotel concept, could be transformational for its tourism economy.

3 months ago

Airbnb Will Invest Up to $200 Million in India’s Budget Hotel Chain Oyo

Airbnb Will Invest Up to $200 Million in India’s Budget Hotel Chain Oyo

Raini Hamdi, Skift

So it's finally confirmed. Airbnb is investing up to $200 million in India's budget hotel chain Oyo, a deal that India Oyo observers say has big upsides for both companies.

3 months ago

Airbnb’s Potential Investment in Oyo, Explained

Airbnb’s Potential Investment in Oyo, Explained

Deanna Ting and Sean O'Neill, Skift

This year is shaping up to be the year when Airbnb gets all of its ducks in a row before the big IPO. Investing in adjacent businesses like Oyo is a major part of that strategy. But will any of this ultimately matter — or make a difference — once the company goes public?

3 months ago

Airbnb Has Big Plans for China and India

Airbnb Has Big Plans for China and India

Raini Hamdi, Skift

Airbnb projects at least 40 percent of its business will be from emerging markets by 2030, with Asian markets such as China and India driving the growth. The homesharing giant is building the foundations and investing big-time in its Asian future.

4 months ago