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OYO HOTELS NEWS
AiOYO! Don't erode your progressive tagOYO, known for accessible and quality accommodations, faces criticism for its new policy prohibiting unmarried couples from staying in its ...- Manager explains why Oyo hotels in Meerut are turning away unmarried couplesOYO has introduced a new policy for its partner hotels in Meerut that bans unmarried couples from checking in without proof of their relati...
- Oyo plans to add around 400 properties in leisure markets by the end of this calendar yearThe company has added around 600 properties in leisure destinations so far this year. It will focus on 19 leisure markets such as Goa, Shim...
- Oyo Rooms files DRHP for Rs 8,430 crore mega IPOOnline food delivery firm Zomato, in July, made a stellar debut on the bourses here setting the stage for domestic startups to ride on the ...
- Oyo subsidiary gets NCLAT reprieve in bankruptcy caseNCLAT has ordered a stay on the formation of the committee of creditors in the bankruptcy proceedings Oyo Hotels & Homes Pvt. Ltd., the sub...
- 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,"...
- Company continued to hold on to close to $ 1 bn cash, tracked to runway very closely: Oyo founder Ritesh Agarwal to employeesAgarwal was talking to employees in India, US, Japan, China and other markets in a 'fireside chat' session alongside board member Troy Alst...
- SoftBank dispatches senior executives to turn around struggling OyoOyo has been among the hardest-hit in SoftBank’s global portfolio of sharing economy outfits. It slashed its regional presence in Japan by ...
- Oyo is slashing footprint and headcount in virus-hit JapanThe company’s expansion proved overly aggressive and it was scaling back even before the coronavirus outbreak, slashing staff in China by a...
- Oyo founder, Ritesh Agarwal, named the youngest Indian billionaire by Hurun
- Masayoshi Son’s real estate bet has some big problemsThe shortfall signals more trouble ahead for SoftBank and one of its most highly touted investments.
- Oyo's layoffs have hotel partners worriedHoteliers are unable to contact company representatives who were doing business with them.
- Oyo layoffs have hotel partners worriedSeveral existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no co...
- HC restrains hoteliers associations from boycotting OYOThe court noted that OYO has an appropriate agreement with other hoteliers and service providers and the associations act of calling for bo...
- Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
- OYO commits $300 million investment in the US for growthCompany says it now operates 50-plus properties in 35 cities across 10 states, and will enter New York, Los Angeles and San Francisco next.
- Doubling down on India, Oyo to chase growth not profitsFrom the ongoing funding round, Oyo plans to invest $200 million in Asia’s third-largest economy.
- Oyo good for market: KJ AlphonsThe tourism ministry came out with its own set of voluntary guidelines for OTAs and bed-and-breakfast establishments and home-stay options ...
- OYO's expansion isn't the best use of unicorn fundsFounder Ritesh Agarwal has big plans for the startup, which already has 10,000 hotels in 160 Indian cities.
- SoftBank leads $90 million funding in OyoMop-Up in 2 tranches after investor exits with 240X gains in less than four years
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