Articles tagged “softbank”

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

Oyo Investor SoftBank Hit by Another Earnings Setback as Profit Plummets

Sam Nussey, Reuters

SoftBank founder Masayoshi Son's strategy of investing heavily in headline-grabbing startups is certainly risky. Will investors continue to back him?

5 days ago

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Oyo-Backer SoftBank Faces Tough Questions Amid Activist Investor Pressure

Sam Nussey, Reuters

An expected operating profit of $3.1 billion doesn't sound too bad, but questions over SoftBank's future remain. One of its priorities will be overseeing a turnaround at Oyo.

7 days ago

The Story of Oyo’s Troubles Is the Story of Modern India

The Story of Oyo’s Troubles Is the Story of Modern India

Rafat Ali, Skift

What’s happening with Oyo cannot be looked at separately from the modern Indian milieu that gave birth to it, and in which it operates. Oyo now needs to rise above that legacy and bring in the global business practices that ensure it survives and thrives in the future.

2 weeks ago

Oyo Promotes Executive to Board to Aid Growth Efforts

Oyo Promotes Executive to Board to Aid Growth Efforts

Saritha Rai, Bloomberg

Looks like Oyo is taking a more sustainable approach to global growth rather than simply looking to boost hotel numbers at any cost. But will the new board appointment lead to a discernible change in strategy?

3 months ago

Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing

Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing

Sean O'Neill, Skift

Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three years from now, yet Skift Research dug beneath the headlines to deliver analysis substantiated by Oyo's latest income statements.

3 months ago

Airbnb Vs. Local Regulators Is a Lopsided Battle

Airbnb Vs. Local Regulators Is a Lopsided Battle

Shira Ovide, Bloomberg

The cities and municipalities that are trying to contain the likes of growth-hungry startups like Airbnb have a major disadvantage: Their adversaries have fought this fight multiple times before.

3 months ago

Oyo CEO Claims Backer SoftBank Isn’t Trying to Sway Its Hotel Strategy

Oyo CEO Claims Backer SoftBank Isn’t Trying to Sway Its Hotel Strategy

Dennis Schaal, Skift

WeWork's implosion is putting pressure on all of SoftBank's investments, Oyo included. If it's not changing course already, the budget hotel chain may soon have to decide whether, as CEO Ritesh Agarwal put it, to grow fast or grow right.

3 months ago

Budget Chain Oyo Can Be a Nightmare for U.S. Hotel Operators Despite Its Hype

Budget Chain Oyo Can Be a Nightmare for U.S. Hotel Operators Despite Its Hype

Dennis Schaal, Skift

Oyo has a hype machine to rival any brand. But beneath all of the disruption, some hotel owners complain its technology is unstable and lacks functionality, leaving them to clean up the mess. Growth for growth's sake may seem great for a unicorn-like valuation, but the hotel chain will need to grapple with flaws in its business model that can't keep pace.

4 months ago

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Danni Santana, Skift

Oyo is opening, on average, one new hotel per day. It should be available in all 50 U.S. states in no time.

6 months ago

Why SoftBank’s Second $108 Billion Vision Fund Matters to Travel

Why SoftBank’s Second $108 Billion Vision Fund Matters to Travel

Pavel Alpeyev, Bloomberg

With a second Vision Fund, Japan has emerged as the dominant driver of key technologies, many of which apply to travel and tourism. While the first staked ridehailing and the future of work technologies, the second is said to eye opportunities in artificial intelligence and autonomous driving.

7 months ago

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Danni Santana, Skift

Oyo's dynamic pricing strategy could turn out to be a bit of a double-edged sword in the U.S., where the company faces greater competition. On one hand occupancy is sure to go up for many of its hotel partners, but if a majority of rooms are booked last-minute at incredibly low prices, hotel managers can start enduring some losses.

7 months ago

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Danni Santana, Skift

Sometimes it's obvious when a company is growing too fast. This doesn't appear to be one of those times. Oyo wants to be everywhere customers want to vacation.

8 months ago