Articles tagged “oyo”

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?

Oyo looks to make the most of India's burgeoning outbound travel market, as evidenced by its recent launch of premium hotels in popular destinations for Indian tourists.