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Articles tagged “oyo”

Business Travel

The New Pivot to Managing Travel for Crisis Workers

It's good to see hotels support workers on the frontlines, but consolidation of these bespoke programs and booking platforms may be needed if the pandemic escalates.

Matthew Parsons, Skift | 4 years ago

The New Pivot to Managing Travel for Crisis Workers

Coronavirus

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Numerous travel companies, private and public, have seen their valuations taken down a peg by coronavirus. But Oyo's China business, where it fields about 60 percent of its rooms, and its ongoing operational problems in other regions exacerbate its likely valuation decline.

Seth Borko and Dennis Schaal, Skift | 4 years ago

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Tourism

Asia Tourism Wants to Finally Tackle a Dangerously Hot Situation

With the impacts of climate change already upon us, the tourism sector will soon be forced to take aggressive actions to curb its carbon emissions. Because inaction is increasingly not an option.

Xinyi Liang-Pholsena, Skift | 4 years ago

Asia Tourism Wants to Finally Tackle a Dangerously Hot Situation

Tourism

Does Myanmar Tourism Deserve Another Chance?

Rather than boycotting travel to Myanmar entirely, a more responsible form of tourism would be to avoid unethical establishments while supporting good practices on the ground.

Xinyi Liang-Pholsena, Skift | 4 years ago

Does Myanmar Tourism Deserve Another Chance?

Hotels

Oyo CEO Defends Business Practices That Anger Some Hoteliers

If you were thinking after a tumultuous last few months that a reformed Oyo would emerge, then guess again. The hotel chain is giving little ground on the basics of its business model, although it vows to get better on the execution of it all.

Dennis Schaal, Skift | 4 years ago

Oyo CEO Defends Business Practices That Anger Some Hoteliers

Hotels

Accor Accelerates Luxury Growth to Stay Ahead of the Pack

Accor's transformation over the past few years has been remarkable, but now it's facing a new challenge in Europe from the likes of Oyo. Can its accelerating development of upscale brands help offset growing competition in the midrange and economy sectors?

Patrick Whyte, Skift | 4 years ago

Accor Accelerates Luxury Growth to Stay Ahead of the Pack

Hotels

Oyo’s Annual Losses Ballooned to $335 Million in 2019

Oyo appears to be taking its once-explosive global expansion strategy down a few notches, and that could be a good thing for the young company in the face of still-uncertain impacts from the coronavirus and the reputational damage it recently suffered. These losses aren't pretty.

Xinyi Liang-Pholsena, Skift | 4 years ago

Oyo’s Annual Losses Ballooned to $335 Million in 2019

Online Travel

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

SoftBank founder Masayoshi Son's strategy of investing heavily in headline-grabbing startups is certainly risky. Will investors continue to back him?

Sam Nussey, Reuters | 4 years ago

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

Hotels

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

An expected operating profit of $3.1 billion doesn't sound too bad, but questions over SoftBank's future remain. One of its priorities will be overseeing a turnaround at Oyo.

Sam Nussey, Reuters | 4 years ago

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Hotels

The Story of Oyo’s Troubles Is the Story of Modern India

What’s happening with Oyo cannot be looked at separately from the modern Indian milieu that gave birth to it, and in which it operates. Oyo now needs to rise above that legacy and bring in the global business practices that ensure it survives and thrives in the future.

Rafat Ali, Skift | 4 years ago

The Story of Oyo’s Troubles Is the Story of Modern India