Articles tagged “oyo”

After Thailand and Sri Lanka, Vietnam is now keen to offer visa-free entry to Indians, a testament to the growing global recognition of India as a powerful force in outbound travel.

OYO is planning to prepay a major portion of its RS 1,620 crore debt ahead of its long-planned IPO. OYO said they will prepay Rs 1,600 crore debt through a buyback process.

Amidst signs of resilience and revival, ICRA's report also highlights the financial strain that some airlines are under, despite incremental improvements. The Indian aviation sector, characterized by intense competition, high operational costs, regulatory issues, and market volatility, has historically been a challenging business environment for airlines.

Bringing cricket superfans into the picture as "quality assurance ambassadors" makes total sense because these die-hard sports enthusiasts are the ones who'll be hitting the road to catch their favorite matches. It's like MakeMyTrip saying, "Let's cater to the people who are at the heart of the action."

Global private equity firms General Atlantic and Norwest Venture Partners are in talks to pick a secondary stake in Oravel Stays Pvt Ltd, the parent of Oyo.

While the Hotelviate report does highlight the surge witnessed in India's organized hotel sector, it also approaches the future with cautious optimism. It serves as a reminder that the exceptional developments witnessed in 2022-23 were unprecedented.

Destinations are betting big on India’s travel market. With a growing economy, young population, and rising middle class, the country is positioned to become one of the most lucrative outbound tourism markets in the world.

Is this the beginning of a wave of IPO activity among Indian travel companies? Yatra is set to become the second online travel agency to be listed on the Indian stock exchanges, following EaseMyTrip. Both Ixigo and Oyo are also poised for potential listings, indicating a growing interest in the public markets within the Indian travel sector.

Ankit Gupta, the India CEO of hospitality technology platform Oyo, and Mandar Vaidya, the head of Oyo's European operations, will both be moving on from the company.

The anticipation of the Cricket World Cup has sparked a surge in travel demand in India. By raising rates and expanding inventory, companies look to cash in on the cricket frenzy.