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Articles tagged “softbank”

Hotels

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

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.

Rafat Ali, Skift | 4 years ago

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

Online Travel

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

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.

Sean O'Neill, Skift | 4 years ago

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

Hotels

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

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.

Dennis Schaal, Skift | 4 years ago

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

Hotels

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

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.

Dennis Schaal, Skift | 5 years ago

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

Hotels

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

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

Danni Santana, Skift | 5 years ago

Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Hotels

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

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.

Danni Santana, Skift | 5 years ago

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

Hotels

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

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.

Danni Santana, Skift | 5 years ago

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

Online Travel

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

SoftBank has upended the sales of tours and attractions by investing record-breaking sums in GetYourGuide and Klook. That's boosted valuations to such lofty levels that it may leave only a few options: Merge or go public.

Sean O'Neill, Skift | 5 years ago

GetYourGuide’s New $484 Million Infusion May Force Consolidation in Travel Experiences

Online Travel

Klook Receives $225 Million SoftBank Investment in Nod to Tours and Activities

For the first time, an Asian startup, Klook, is attracting the highest funding ever in tours and activities. For the last time, can skeptics of this travel sector please bow out?

Raini Hamdi, Skift | 5 years ago

Klook Receives $225 Million SoftBank Investment in Nod to Tours and Activities

Hotels

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank

Japan is a destination that’s never, ever described as affordable. But Oyo, with its budget hotel concept, could be transformational for its tourism economy.

Raini Hamdi, Skift | 5 years ago

Oyo to Flood Japan With Budget Hotels in New Deal With SoftBank