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Search results for “OYO Rooms”
Airbnb mulls big investment in OYO
03/19/2019
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12:50:29 PM
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If completed, the investment would likely be in the $100 million to $200 million range.
OYO-MakeMyTrip extend commercial agreement for a further five-year period
03/15/2019
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3:34:56 PM
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The deal will continue to see the latter exclude OYO’s rivals, SAIF Partners-backed Treebo Hotels and Accel India-backed FabHotels, from its two primary platforms, including GoIbibo.
OYO pledges $800 million to upgrade hotels in India and China
03/13/2019
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3:25:04 PM
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OYO also plans to pump $600 million into its China operations and continue focusing on Southeast Asia.
US travel income dropped due to stagnating arrivals, OYO sees China profitability, more
03/12/2019
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10:26:17 AM
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Spending by international visitors in the US dropped nearly 1% largely due to stagnating visitor arrivals from China; OYO China CFO said that the firm will think through profitability models in China.
OYO China CFO: We’ll have clear models for hotel operation and profitability
03/04/2019
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8:57:29 AM
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"We know that speed, manpower efficiency and scalability are equally important. What’s not going to happen this year is that we will only manage to keep 5,000 of the 10,000 hotels we signed in 2018."
RedDoorz is raising $50 million to defend its turf against OYO
03/13/2019
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11:36:12 AM
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Malaysia and Thailand are particularly interesting markets for RedDoorz, but it isn’t looking to expand in 2019.
OYO reportedly gets $100 million from China’s Didi Chuxing
02/14/2019
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1:33:03 PM
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The investment would bring to a close of Oyo's $1 billion financing round, valuing it at $5 billion.
Can OYO capture the unbranded hotel market in the U.S. and Europe?
02/11/2019
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3:56:50 PM
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Physical and technological upgrades and higher revenue could make OYO a welcome opportunity for unbranded accommodations in the U.S., which number around 18,000 – 1/3 of all hotels in the country.
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