Page 4 - Oyo Hotels & Homes

Surge in bookings, cost cutting fuel 8-fold surge in IPO-bound OYO's Ebitda

Spike in adjusted Ebitda primarily driven by a 23% QoQ rise in Gross Booking Value per hotel in Q2 to Rs 4,00,000; firm still ends with Rs 333 cr loss

Over 30% increase in last-minute bookings for the Diwali long weekend: Oyo

Top 5 cities in terms of bookings include Hyderabad, Bangalore, Kolkata, Goa and Chennai, says the hospitality technology company

Penalties on OYO, MakeMyTrip, GoIbibo big win for hospitality sector: FHRAI

With the penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go and OYO for anti-competitive conduct, the FHRAI described it as "one of the biggest wins for the hospitality industry"

OYO elevates two senior execs in service experience and revenue functions

The firm recently had also revamped its flagship patron-facing app, CO-OYO, allowing users to now run their own promotional offers ahead of the peak festive travel season this year

SoftBank cuts valuation of IPO-bound Oyo by 20% to $2.7 bn: Report

'We are confident that the speculations about valuation markdown are patently incorrect,' an OYO spokesperson said in a statement

Oyo reports its first EBITDA positive quarter, reduces FY22 losses

In FY22 revenues were Rs 4,905 crore, up 18 per cent against Rs 4,157.3 crore reported in FY21

We should go public when the time is right: OYO Hotels' Steve Albrechts

'There are many factors and parameters that we are going to weigh', he said

Oyo files fresh docs with Sebi for IPO in early 2023 as growth resumes

Oyo, formally known as Oravel Stays Ltd., is internally working toward a January IPO as executives are encouraged by a pick-up in demand

OYO to bring onboard 600 new hotels, homes in South India by year-end

Buoyed by the strong booking trends in the business as well as liesure travel segments, OYO is looking to significantly increase hotels and homes (storefronts) in South India on its platform

Founders of Paytm, Oyo to meet parliamentary panel over competition issues

Top executives of 8 domestic tech firms, including founders of Paytm and Oyo, to meet parliamentary panel to discuss the market behaviour of technology platforms amid rising anti-competition concerns

OYO offers special discount of up to 60% for NEET 2022 woman aspirants

OYO announced a discount scheme for women candidates appearing for NEET 2022, wherein those applicants travelling to their centres can avail up to 60 per cent discount on their stay in its hotels.

World MSME Day: Oyo announces special 60% discount for small businesses

Approx 2,000 properties across the country will be covered under this scheme

At 1.27 lakh, OYO sees highest daily bookings in May as travel surge builds

Yatra, Booking.com, Ixigo also see biz uptick as travel picks up post-Omicron

OYO plans IPO after September, may settle for lower valuation: Report

OYO's move to launch the IPO after the September quarter is mainly driven by the expectation of improvement in its financial performance and the current volatile nature of the market

Cars24 to Vedantu, start-up lay-offs accelerate on capital crunch worries

Falling valuations, slowing funding rounds add to woes; move aimed at conserving cash and shore up profitability

All the world's a stage for unicorns

In 2021, when the buzz is around start-ups going for IPOs and celebration of Indian entrepreneurship, it's also time to acknowledge the role of global players in the journey to stardom

Netherlands jumps 5 places to become India's 5th-largest export destination

Germany, which was earlier India's top European export destination (eighth position), has now dropped two ranks to 10th place

OYO completes acquisition of Europe-based company Direct Booker

Direct Booker has over 3,200 homes and serviced 2 million customers so far, OYO said in a statement

Oyo to offer free accommodation to Ukraine refugees, starts with Poland

Commenting on the move, Oyo founder and Group CEO Ritesh Agarwal said, 'We are deeply inspired by our homeowners who are opening their homes and hearts to people in dire need'

Oyo to offer free accommodation to Ukraine refugees, starts fundraiser

Initiative to start from Poland; company also in talks with home owners in Europe