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Hotels
Now the brand is finally going public, will investors share the Indian company's enthusiasm?
Cameron Sperance and Matthew Parsons, Skift | 3 years ago
Legal disputes with competitor Zostel is the latest example of it being anything but smooth sailing for Oyo's path to going public.
Vishwadha Chander and Abhirup Roy, Reuters | 3 years ago
Yes, 2021 really is the year of the travel IPO. But in Oyo's case, there's a sense of urgency after being hit harder than most by the pandemic.
Chandini Monnappa and Rama Venkat, Reuters | 3 years ago
Online Travel
Consider Tripadvisor's excruciating marketing decisions: It wants to shout to the world that travelers can save hundreds of dollars on a Hilton or Marriott booking for their next trip when enrolled in the subscription program, Tripadvisor Plus. But that's going to piss off Hilton and Marriott.
Dennis Schaal, Skift | 3 years ago
A drop-in-the-ocean investment for the technology giant, but still a vote of confidence ahead of Oyo's IPO.
Chandini Monnappa and Vishwadha Chander, Reuters | 3 years ago
In Skift's top travel stories this week, IHG is launching its 17th brand, global consultancies will cut business travel spend, Oyo edged toward an initial public offering, and British Airways' parent grew its startup accelerator during the pandemic.
It's clear that Oyo will try to go public in some fashion. But will investors buy the story — and the shares?
Institutional investors seem to have confidence that Oyo will be able to survive the pandemic and live to fight on.
Critics have been saying for years that Oyo needed to get its house in order and to tamp down on its reckless growth plans. Whether that actually happens or not will become clear over the next year or two.
Oyo will eventually fix its technology, but it will take a protracted period. It begs the question: Why did the budget chain engage in such a hyper-fast expansion in recent years, and insist on building its own operating system when it was clearly so lacking.
