Danamica

NEW DELHI: OYO Hotels & Homes has acquired Danamica, a Copenhagen-based data science company for an undisclosed amount. "OYO Hotels & Homes, the world's third-largest and fastest-growing hotel chain, has acquired Danamica, a Copenhagen-based data science company, with machine learning and business intelligence capabilities, specialised in dynamic pricing," the company said in a statement on Monday. Also ReadOYO’s Collection O Hotels reaches milestone 175 buildings in 3 months "This acquisition is in line with OYO's continued commitment to its global vacation rentals business through strategic investments in technology products, processes and people," it said. In August, OYO had announced €300 million investment in the vacation homes business in Europe. With the acquisition of Danamica, the company said, it would be able to drive top line growth by leveraging dynamic pricing across its brands -- OYO Home, Belvilla and DanCenter. "Additionally, OYO and its real estate partners around the world will benefit using data sciences for improved yield. Starting with Europe, Danamica's technology innovations will benefit OYO's global vacation homes business," it said. Also ReadOYO to acquire Amsterdam-based @Leisure Group for $415 mn Maninder Gulati, Global Head, OYO Vacation and Urban Homes, said, "Data sciences across pricing, AI and imaging sciences have been a cornerstone of OYO's proprietary revenue enhancement technology. It's also a huge missing piece in the way traditional vacation rentals industry is run. We are glad to have found Danamica, which has built expertise in these areas." Source: IANS

Danamica

OYO acquires Danish data science firm Danamica

Commercial LPG cylinder prices slashed, new rates applicable from today

Delhi murder: Court extends Sahil’s police custody by two days

Not seeking any int’l support, our fight is ours: Rahul at Stanford

Bipasha, Karan bring home over Rs 90L luxury car, call it Devi’s ‘new ride’

8 killed in 3 road accidents in Telangana, Andhra Pradesh