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2 mins read
At ₹100 crore, OYO posts FY24 as maiden profitable fiscal: Founder
"While a delighted customer or a hotel partner brings the biggest smile on my face, our first c…
PTI
1 min read
OYO rolls out a discount for Mumbai’s stranded commuters as the city stays on orange alert till July 14
Heavy showers in India’s financial capital lead to water-logging at a number of places including…
2 mins read
OYO plans to double premium hotels in 2023 as biz travel surges
OYO’s focus on premium hotels started in October-December 2022, when it added 400 such properties. …
2 mins read
Fitch Ratings revises outlook on OYO's long-term issuer ratings to 'positive' from 'stable'
Fitch Ratings on Wednesday said it has revised the outlook on Oravel Stays Ltd's (OYO) long-term fo…
PTI
3 mins read
Post Covid travel boom helps OYO revive its IPO plans
Global hospitality services platform OYO filed an addendum to its draft red herring prospectus subm…
3 mins read
Gen Zs & Millennials aid spiritual & wellness-driven tourism recovery in India
A survey by travel agency Agoda found wellness to be one of the top three motivations for Indians t…
2 mins read
OYO’s Ritesh Agarwal and Nothing’s Carl Pei invest in Dukaan’s $11 million round of funding
Dukaan, an app that helps small offline merchants set up online stores, has raised $11 million, at …
3 mins read
Hyderabad, Texas, Bandung and London among most-booked destinations in 2022, as per OYO
Globally, leisure trips dominated in 2022, while in India, business trips and spiritual travel also…
5 mins read
IPOs pick up steam in last three months of 2022 – Strong pipeline likely to propel listings in 2023
The primary markets have turned optimistic since September, compensating for a lull in initial publ…
6 mins read
Over 8.5 million new user bookings were made on the OYO app and website in 2020: Rohit Kapoor
Rohit Kapoor, CEO, OYO Hotels & Homes, India & South Asia tells us about India's favourite tourist …
3 mins read
OYO cashes in another cheque from Swedish billionaire Martin HP Söderström for its vacation homes business in Europe
Indian hospitality unicorn OYO has raised an undisclosed amount of funding from Martin HP Söderströ…
2 mins read
This is how OYO became profitable at operating level in Q1FY23, reveals Jefferies
As hospitality major OYO firms up plans for its initial public offering (IPO), financial services c…
4 mins read
OYO is now targeting families through its communications to ring in its next phase of growth
How OYO, a hospitality brand, managed to win a million hearts with its campaign promoting travel du…
3 mins read
Has IPO-bound OYO regained trust of its hotel partners?
The company has recently been affected by some of its hotel partners publicly complaining, filin…
5 mins read
OYO bags a $7.4 million cheque as pandemic forces Ritesh Agarwal to reimagine the business
Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a seri…
1 min read
Road to IPO for OYO Rooms is clear as Delhi HC rejects Zostel's plea that restrained the IPO
Justice C. Hari Shankar dismissed the plea of Zostel, seeking an interim order to restrain or in…
2 mins read
IPO-bound OYO acquires Denmark's holiday home chain Bornholmske Feriehuse
In line with its commitment to the 'Invest in Denmark' initiative, online hospitality major OYO has…
3 mins read
August has a long weekend and Indian consumers are packing their bags to travel to Goa and Bali
Goa is where everyone’s headed for the long weekends in August.
3 mins read
OYO valuation drops to $8 billion — but it's the smallest drop compared to other major hotel chains
OYO’s valuation has dropped to $8 billion, according to the latest report by Hurun. The Hurun Globa…
3 mins read
OYO IPO now faces a hurdle from a hotels lobby with 55,000 members, aside from Zostel
The Federation of Hotel and Restaurants of India (FHRAI) — which claims to have over 55,000 hotels …