• Oyo reported loss due to rapid expansion

    Published on : Tuesday, February 18, 2020

    Indian budget hotel startup Oyo reported widening losses last year as it ramped up its international expansion. The losses deepened to $335m in the 12 months to 31 March, rising to 35 per cent of revenue compared to 25 per …

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  • OYO officially starts its operation in Thailand

    Published on : Thursday, November 14, 2019

    OYO, the SoftBank Group-backed discount hotel chain, has officially started operating in Thailand.   OYO Thailand marks its entry to Thailand with 8,000 rooms in 250 hotels in 13 cities including Bangkok, Pattaya, Phuket and Hua Hin with a strong pipeline of …

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  • Oyo buys Las Vegas Hooters Casino hotel

    Published on : Wednesday, August 28, 2019

    In what is its first property purchase in U.S., SoftBank-backed Oyo Hotels and Homes, has bought the Hooters Casino Hotel Las Vegas. While, Oyo did not divulge the financial terms of the transaction, a person close to the development said …

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  • Oyo Hotel buys $2 Billion Shares Back From VC Investors

    Published on : Saturday, July 20, 2019

    Oyo hotels founder has led a $2 billion share buyback in the company, which has transformed the country’s budget-hotel industry and gone global. Oyo Chief Executive Ritesh Agarwal is buying part of the shareholdings of early investors Sequoia Capital and …

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  • OYO claims to be world’s third-largest hotel chain by room count

    Published on : Thursday, July 11, 2019

    OYO announced on Wednesday that the hospitality firm has emerged as the world’s third largest chain having per room count with 8,50,000 rooms.     This  growth was propelled due to its presence in China across 337 cites and other …

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  • OYO to inject $ 300 m in U.S. for further growth

    Published on : Thursday, June 20, 2019

      OYO announced it intends to invest $300 million over the next few years in the U.S.  to cater to growth, talent acquisition, competency building and infrastructure development.     At present OYO is managing more than 50 hotels across …

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  • OYO introduced OYO Partner Engagement Network for hotel owners

    Published on : Friday, May 31, 2019

    OYO launched an initiative OPEN, that is OYO Partner Engagement Network and within this, the company has now made an announcement of a new package called the Cash in Bank facility. This CiB facility allows owners of properties and assets …

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  • Oyo to acquire @Leisure for $415 million

    Published on : Thursday, May 2, 2019

    India’s fast-growing hotel chain Oyo will expand in Europe with the acquisition of an Amsterdam-based vacation rental firm @Leisure. It will buy @Leisure from German media firm Axel Springer for a sum of 369.5 m euro (U.S. dollars 415m; 317.9 …

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  • OYO upgrades its technological solutions including OPEN, Co-OYO for hotel owners

    Published on : Monday, April 22, 2019

    OYO will upgrade its technology platform and build a partner network of hotel owners. It will help to extend the company’s reach and brand to a wider and deeper audience on the hotel owner side. In order to grow to …

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  • OYO to set up numerous budget hotels in Japan

    Published on : Saturday, April 6, 2019

    Oyo has plans to flood Japan with numerous budget hotels through a new collaboration with SoftBank and SoftBank Vision Fund.   Details, like the financial investment offered into the joint venture company, Oyo Hotels Japan, were not made public.   …

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  • OYO expects to host 50 hotels in UK by end of this April

    Published on : Thursday, April 4, 2019

    OYO Hotels & Homes expects to hit 50 hotels in UK by the end of April.     Since the launching in the UK in October 2018, the budget hotel chain already has 30 franchised and leased hotels across the …

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  • Airbnb invests in Oyo in Series E funding round

    Published on : Tuesday, April 2, 2019

    Airbnb Inc., the world’s largest home-sharing platform invested in India’s budget hotel startup, Oyo as part of its Series E funding round. The Airbnb-Oyo deal will allow Oyo’s 10,000 villas and homes in India, Dubai and other markets to be …

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  • OYO considering taking over loss-making UP tourism properties

    Published on : Thursday, February 28, 2019

    Rapidly-growing budget hotel aggregator OYO is planning on adding the loss-making properties of Uttar Pradesh Tourism Department to its chain of hotels.   On Wednesday, OYO held preliminary discussions on the issue with the UP Tourism Department and UP State …

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  • Didi Chuxing, China’s ride-hailing giant adds $100 million to OYO

    Published on : Thursday, February 14, 2019

    Chinese ride-hailing giant Didi Chuxing has invested U.S. dollars 100 million in OYO Hotels & Homes – the hospitality chain. It values OYO at a bout U.S. dollars 5 billion. The revenue came from Didi-controlled entity Star Virtue Investment.   …

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  • OYO preparing to debut in the U.S.

    Published on : Wednesday, February 6, 2019

    The Indian hospitality brand sets foot in Dallas and is testing a property in Austin, Texas. OYO has claimed significant gains in India and other markets, including China, Malaysia, Nepal, and Indonesia (this year).       OYO is hiring …

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  • Grab invests $100 million OYO to drive into Southeast Asian market

    Published on : Friday, December 7, 2018

    Grab, Singapore based ride hailing company has invested about $100 million in Oyo Hotels & Homes, the Gurgaon-based hospitality chain said in a filing with the Registrar of Companies on Thursday. A1 Holdings Inc, a Cayman Islands-registered entity controlled by …

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  • Rohit Kapoor appointed as Chief Executive Officer of OYO’s new real estate business

    Published on : Friday, November 30, 2018

    OYO Hotels has announced  the appointment of Rohit Kapoor as the Chief Executive Officer of its new real estate business with effect from December 6 this year.   Earlier, Kapoor was the Executive Director and a member of the board …

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  • OYO to raise $1 billion from Softbank

    Published on : Thursday, September 27, 2018

    Hotel chain OYO Hotels would raise $1 billion from existing investors, including Japan’s Softbank Group (9984.T), to grow its business in India and China, and expand into new international markets.     In the latest funding round, which could value …

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  • OYO steps in UK to put £40 million over 2 years

    Published on : Thursday, September 20, 2018

    SoftBank backed budget accommodation brand OYO Hotels on Wednesday announced its foray into London, marking the expansion of its footprint beyond Asia.     Over the next two years, OYO plans to invest £40 million in the UK and will …

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  • Valuation of Oyo set to cross $4 billion

    Published on : Thursday, August 16, 2018

    Indian hotel chain Oyo is in advanced talks to raise up to $1 billion in a deal that could usher the company into India’s crowding Unicorn club with a valuation of over $4 billion, said three people familiar with the …

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