How OYO's pivot to revenue share helped it survive the Covid-19 pandemic

In spite of suffering setbacks in some markets like China and Japan, OYO has been successful in growing its business to more than 157,000 hotels and homestays

Even as Oyo prepares for its initial public offering amid rising challenges, a look at its numbers show that the company has managed to survive the jolt of Covid-19 to the travel industry, and setbacks in key markets.

The company in its Draft Red Herring Prospectus (DRHP) filed with market regulator Securities and Exchange Board of India (Sebi), also mentions that it has had to pivot over the years as business dynamics changed.

“During Fiscal 2020, OYO (we) undertook the rationalisation of our global portfolio, which was further accelerated by Covid-19, to streamline our focus on profitable segments within our