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OYO HOTELS
Oyo parent Prism Hotels receives Sebi nod for IPOPrism Hotels, Oyo’s parent, received Sebi approval for a Rs 6,650 crore IPO. Targeting a $7–8 billion valuation, the firm will use funds fo...- Indian corporations poised to become large brand owners in US: Oyo founder Ritesh AgarwalIndian companies are poised to become significant brand owners in the United States. This shift will enhance India's global influence beyon...
- Oyo parent PRISM's G6 Hospitality launches 38 new hotels across the USPRISM, the company behind Oyo, has launched 38 Studio 6 extended stay hotels across the United States. This expansion follows PRISM's acqui...
- OYO changes check-in rules in Meerut; Unmarried couples won't be allowed to stayOYO implements a new check-in policy in Meerut, disallowing unmarried couples unless they provide valid proof of relationship. The move aim...
- Khazanah in talks to lead Oyo Hotel’s $400 million fund raiseKhazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round in Oyo Hotels & Hom...
- Oyo to boost hotels that provide ‘consistent and high-quality’ customer experienceThe company has launched an elite category called ‘Super Oyo’. Hotels in this category will have an average rating of four and above, zero ...
- Oyo squashes rumours of bankruptcy following an NCLT order"The creditors of Oyo Hotels & Homes are hereby called upon to submit their claims before April 15 to the interim resolution professional,"...
- Oyo checks out from unviable ventures, assetsOyo Hotels & Homes has surrendered some co-working spaces and cut back on its co-living and rental housing business under Oyo Life over the...
- OYO Hotels & Homes strengthens its global leadership teamAmong those who have been promoted and hired are Ayush Mathur who is now the chief supply officer (Global), Ankit Mathuria as Chief Technol...
- Corporates cut back on business with Oyo because of service, quality issuesOwing to multiple issues hovering around Oyo Hotels & Homes ranging from safety and security of women to service and quality issues, severa...
- OYO Hotels & Homes launches Partner Privilege Program for asset ownersOYO said the benefits will include easy and expedited availability of cash in bank business advances and improved lending terms from banks ...
- Oyo crosses 5 lakh room inventory in China, to invest $100 mn in two yearsWithin a span of around one and a half year of operation in China, Oyo Hotels and Rooms has expanded its presence to over 337 cities and 5 ...
- Oyo to partner with other companies for acquiring, leasing or managing four star hotels in IndiaAnchored by SoftBank, Oyo is in talks to raise another round of funds in the range of $1-1.5 billion at a valuation of $12.5 billion.
- Oyo launches 100th Townhouse hotelOyo said it plans to expand the brand to over 400 hotels in multiple cities from the existing 16, by the end of 2019 across India. Currentl...
- Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnershipOyo will be able to distribute its hotel rooms via the wholesale channel, which operates under the name Hotelbeds name and the retail trave...
- OYO and SoftBank form JV to launch hotels business in JapanThe Japanese joint venture will see OYO holding a 50% stake, with Softbank Corp and Vision Fund owning 25% each.
- OYO hotel sales globally jump over 4-fold to USD 1.8 bn in 2018Globally, OYO Hotels & Homes is present in over 500 cities across eight countries.
- OYO Hotels to double number of hotels to 400+ in a yearOYO Hotels announces expansion plans for Odisha to double footprint in the state by raising the total count of hotels to 400 from over 190 ...
- After UK Foray, OYO Hotels is opening its door in UAEOYO Hotels is starting with 10 full-inventory franchised and operated hotels and more than 1,100 rooms in the three Emirates — Dubai, Sharj...
- OYO partners with payments platform PhonePeThrough the partnership, PhonePe users can reserve a room at any OYO hotel in India by paying a token amount of Rs 99 upfront and paying th...
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