Articles tagged “ritesh agarwal”

Oyo Hotels founder and Group CEO Ritesh Agarwal is pursuing "relative premiumization" by expanding its upmarket offerings like Townhouse Hotels in India and bringing brands like Sunday to the U.S. market.

Long criticized for mismanagement, Oyo is flipping the script with its company-serviced hotels, focusing on quality and consistency. This shift is a big deal for the brand and could set the stage for its much-anticipated IPO.

Summer is peak travel time for Indians due to vacations. However, this time, it is the heat that is pushing people out of their homes and to cooler destinations - but not the domestic ones. Here's why.

While Oyo's global expansion plans had been on pause mode during Covid, the hospitality company now seems to be diversifying its geographic footprint.

This upgrade is a testament to Oyo's strengthening financial position and the broader positive trends within India's hospitality industry.

While Oyo may look to go upscale in India its growth strategy in the U.S. primarily relies on its budget hotel segment.

Oyo has been focused on hyper-growth. Its CEO wants to keep going, but he's happy to take a pause first if needed.

Oyo's IPO has been in focus for years. Its profitability and subsequent stable situation is indicative of the robust Indian hotel industry.

Among Softbank's holdings, Oyo does not appear to be another WeWork calamity. However, under the glare of being a public company, Oyo would be challenged to get to profitability, and to remedy its ongoing brand reputation challenges.

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.