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Articles tagged “oyo”

Hotels

What Oyo’s Latest Results Say About the Business of Budget Hotels

The business of budget hotels is obviously hard when you consider Oyo’s latest financial report. But the startup, now five years in operation and bankrolled by SoftBank, appears to have the stamina to reach the breakeven point in the next few years.

Raini Hamdi, Skift | 5 years ago

What Oyo’s Latest Results Say About the Business of Budget Hotels

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.

Sean O'Neill, Skift | 5 years ago

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.

Sean O'Neill, Skift | 5 years ago

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

Hotels

Oyo Doubles Investment Plans in Southeast Asia to $200 Million

Oyo has the money to spend and is putting skin in the game to scale fast in Southeast Asia. The region’s industry will be hearing a lot more of Oyo in 2019. But not everyone may be enthralled.

Raini Hamdi, Skift | 5 years ago

Oyo Doubles Investment Plans in Southeast Asia to $200 Million

Hotels

Oyo’s Push Into Southeast Asia Is a Wake-Up Call for Budget Hotel Chains

On its own, Oyo entering Southeast Asia should concern existing budget hotel players. Oyo with Grab should make them go shaky in the knees. Consolidation or new alliances will not surprise anyone.

Raini Hamdi, Skift | 5 years ago

Oyo’s Push Into Southeast Asia Is a Wake-Up Call for Budget Hotel Chains

Ground Transport

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

Grab’s $100 million investment in Oyo is just the start of a strategy to have a tag-team under the same major investor, which is leveraging the strengths of each member of its portfolio. Expect to see more "teams of unicorns" attacking incumbents in the next year or so.

Raini Hamdi, Skift | 5 years ago

Grab’s $100 Million Investment in Oyo Is Part of SoftBank’s Bigger Plan

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.

Sean O'Neill, Skift | 6 years ago

Hotels

India’s Oyo Enters UK Hotel Market With First Expansion Outside Asia

Oyo's surprise move represents a big threat to the likes of Whitbread-owned Premier Inn, which has been a dominant force in the UK scene over the past few years. We'll have to wait for more details to see just how serious a player it might become.

Patrick Whyte, Skift | 6 years ago

India’s Oyo Enters UK Hotel Market With First Expansion Outside Asia