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Search results for “Ritesh Agarwal”
Fosun cuts stake in Booking Holdings; OYO sees recovery in China | Daily Brief
03/26/2020
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12:49:33 AM
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The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.
Corporate travel to take a $560B hit; searches for flights up 138% | Daily Brief
03/02/2020
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4:49:38 PM
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China allocated USD 814 million to support project construction in the cultural tourism industry; Singapore Airlines is cutting pay for management staff.
China considers airlines bailout; OYO fights to keep hotels open | Daily Brief
02/19/2020
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12:07:04 AM
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Malaysia looks to locals and non-Chinese visitors in fulfilling tourist-arrivals target; China plans to take over indebted conglomerate HNA Group and sell off its core airline assets.
Airbus to restart China plant, OTA reshuffles management | Daily Brief
02/12/2020
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1:27:16 AM
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Singapore expects visitor arrivals to drop 25%-30% this year due to the virus, OYO has brought in 8,500 more rooms in China, and more for the day.
Lightspeed, Sequoia rake in $400m profit from OYO share sale
12/23/2019
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5:43:55 PM
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Lightspeed made a profit of about $250 million from the sale while executives at Sequoia have taken home around $150 million.
OYO CEO claims backer SoftBank isn’t trying to sway its hotel strategy
11/12/2019
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6:09:30 PM
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OYO has cut its losses “by almost 50 percent year over year” according to its CEO.
RedDoorz: The unlikely David to OYO’s Goliath in Southeast Asia
10/29/2019
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6:21:44 PM
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By the end of 2020, RedDoorz is looking to triple its inventory—from the present 1,500 properties to 4,500.
SoftBank looks to Oyo after WeWork setback
09/19/2019
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4:18:00 PM
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80 percent of hotels in OYO's core markets of India and China are unbranded, giving the group a ready pool of neglected outlets to sign up. While it is a completely different picture in Europe and North America.
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