Search results for “budget hotel”
OYO flexes muscles with $250 million raise, looks beyond India
09/08/2017|1:28:06 PM|
OYO's CEO Agarwal claims that 95% of its inventory is sold direct and the company is looking to develop capabilities to add 10,000 rooms a month to its platform.
Indian OTA Treebo raises $34 million from Hong Kong investors
08/30/2017|9:43:35 AM|
Indian budget hotel booking platform Treebo has raised USD 34 million, backed by Hong Kong investment firms. It has nearly 300 franchisees operating under its brand across over 50 cities.
Budget hotel platform OYO launches asset management to trim losses
08/29/2017|10:06:14 AM|
With losses of over USD 50.6 million in FY17, OYO launched asset management service to bring losses under control and enhance business growth.
Indian OYO cuts losses and spend, transforms business model
08/01/2017|5:28:23 PM|
Though OYO Rooms' losses in the year to end-Dec16 were down on $50 million in 2016 compared with $77 million, it still remains in the red. Does it have what it takes to succeed for its transformation?
OYO’s big Townhouse bet
06/23/2017|8:59:34 PM|
India’s largest budget hotel aggregator OYO launches a new brand Townhouse with co-working space and cafe. With not good reputation on transforming to this model before, can OYO succeed?
Podinn Hotel gets New Third Board listing
10/19/2016|5:16:15 PM|
Budget hotel operator Podinn Hotel was listed on New Third Board on October 17. It registered RMB 1.98 million net loss in 2015 and RMB 12.18 million net income in 2014.
BTG-Homeinns goes for franchise as combined net income drops
09/13/2016|9:19:10 PM|
BTG Hotels, the new parent company of Homeinns, reported 66.73% decline in net income for the first half of 2016.
Asia’s budget hotel aggregators spread their wings
03/31/2016|9:58:48 AM|
Asia’s established budget hotel aggregators continue to expand at the same time as new investors pump cash into the sector. Hotel aggregators in India and Indonesia will embrace a golden time in this segmented market.
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