Articles tagged “oyo”

India’s travel scene is witnessing rapid growth. With Leela Palaces' $599 million IPO, smart acquisitions, and growing aviation, things are taking off. Visa relaxations just sweeten the deal.

The Motel 6 acquisition marks a huge step forward for Oyo. With an IPO on the horizon, the big question is: Will it be the blockbuster Oyo’s aiming for?

OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.

Oyo, based in India, has tried for years to gain traction in the U.S., but it has claimed that competitors have played hardball. It's now betting that buying a network is its best way to gain scale fast.

Ritesh Agarwal revolutionized the budget hotel industry in India. Oyo has transcended its status as a brand to become a shorthand for budget-friendly hotels.

As Oyo keeps pushing forward in Europe, snapping up Checkmyguest and its affiliates drives home the company’s determination to carve out a spot in the global vacation rental market.

Buses are key to last mile travel in India, connecting people from smaller Indian towns to international and domestic destinations. The funding reflects a positive outlook of investors towards the bus industry as more online players enter the segment.

Trevolution Group's data on international travel to India highlights the country's growing popularity as a tourist destination.

Oyo’s significantly reduced valuation could imply a delay in IPO plans until market conditions and investor confidence improve.

India's move to allow visa-on-arrival to Japan, South Korea, and the UAE nationals can significantly boost international tourism, given the close ties and proximity of the three countries to India. But is it enough?