Oyo

Beaches in Kochi 2nd most sought after in India: OYO travelopedia survey

Kochi: In a survey result released by OYO’s annual travelopedia, beaches in Kochi were deemed the second-most sought-after beach destination after Goa in the country. Kochi was followed by Visakhapatnam and Puducherry.  The survey that was done on…

COVID-19: OYO to lay off several furloughed employees in US

NEW DELHI: Hospitality major OYO that announced furloughs or temporary leaves for its employees in the US in April has now confirmed that “large majority” of them would be laid off with…

OYO announces bug bounty programme to strengthen security

New Delhi: Hospitality unicorn OYO has said that it will introduce a bug bounty programme towards ensuring that there is a credible and continuous flow of positive feedback from independent security groups…

OYO logs FY19 revenue of $951 mn, net loss at $335 mn

New Delhi: OYO Hotels and Homes on Monday reported a consolidated revenue of $951 million for the financial year 2018-19, over fourfold increase from $211 million as reported in the previous fiscal.…

OYO India sales hit $604mn, losses down to 14% in FY2019

NEW DELHI: Hospitality unicorn OYO Hotels & Homes on Monday announced that its standalone losses in India went down from 24 per cent in the financial year 2018 to 14 per cent…

Committed to growing the right way: Oyo

New Delhi: Hospitality chain Oyo said on Saturday that it is committed to “growing the right way” by meeting the needs of property owners and guests. Oyo issued a statement on Saturday…

Oyo Life aims for 1,00,000 bed count by 2019-end

Bengaluru: Oyo Life, a long-term rental solutions player, aims to provide 1,00,000 beds by 2019-end, the company said on Thursday. “We expect the co-living market to continue to grow further, Oyo Life…

OYO to raise $1.5 billion in Series F funding

NEW DELHI: OYO Hotels & Homes on Monday announced that it would raise $1.5 billion in the Series F funding round, whereby RA Hospitality Holdings will infuse approximately $700 million as primary…

OYO acquires Danish data science firm 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,…

OYO denies room to Kashmiri doctor

A 24-year-old Kashmiri doctor was allegedly denied an OYO-affiliated hotel  room over his identity. Taking sou motu notice, Delhi Minorities Commission on Wednesday has issued a notice to OYO company saying that “This is a…

OYO’s Collection O Hotels reaches milestone 175 buildings in 3 months

New Delhi: OYO Hotels and Homes, South Asia’s largest and the world’s 3rd largest and fastest-growing chain of fully-operated, franchised and leased hotels, homes, announced that within a span of 3 months,…

OYO hotels enter strategic partnership with China’s Meituan

New Delhi: OYO Hotels and Homes, the world’s sixth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, has today announced a year-long strategic partnership with Meituan, which…

Reiterating its commitment to safety, OYO India makes key senior hires

New Delhi: OYO Hotels and Homes, South Asia’s largest, China’s second largest, and the world’s sixth largest and fastest-growing chain of leased and franchised hotels, homes and living spaces, as part of…

OYO to acquire Amsterdam-based @Leisure Group for $415 mn

New Delhi: In line with its aim to become a global market leader, India’s largest hotel chain OYO will acquire Amsterdam-based @Leisure Group for $415 million. OYO on Wednesday said it would…

OYO launches initiative for asset owners’ growth

NEW DELHI: OYO Hotels & Homes on Thursday launched the Open Partner Engagement Network (OPEN), an initiative for a year, to help its asset-owner partners in the country in growing their businesses.…