Search results for “OYO”
OYO projects losses in China, India until 2022
11/28/2019|9:52:12 AM|
OYO’s China unit could post a $394.9 million profit in 2022, which could then grow to $1.65 billion by 2024, the projections showed, implying a four-fold jump in net profit in two years.
OYO CEO claims backer SoftBank isn’t trying to sway its hotel strategy
11/12/2019|6:09:30 PM|
OYO has cut its losses “by almost 50 percent year over year” according to its CEO.
OYO, Jin Jiang lead Asia Pacific hotel supply and growth
11/04/2019|2:45:19 PM|
OYO’s Asia-Pacific portfolio covers 952,495 rooms and as of June, the company had 500,000 rooms across 10,000 hotels in China alone.
RedDoorz: The unlikely David to OYO’s Goliath in Southeast Asia
10/29/2019|6:21:44 PM|
By the end of 2020, RedDoorz is looking to triple its inventory—from the present 1,500 properties to 4,500.
State of travel startups: Almost $20B raised in funding over ten years
10/27/2019|9:08:29 PM|
Some unlikely sectors had a good year in 2018, with packaging the fastest-growing with a 138% increase year-over-year.
OYO strengthens acquisition plans as it sets up joint ventures with SoftBank
09/27/2019|9:26:23 AM|
OYO Hotels and Homes has been increasingly investing heavily towards creating its own real estate business.
SoftBank looks to Oyo after WeWork setback
09/19/2019|4:18:00 PM|
80 percent of hotels in OYO's core markets of India and China are unbranded, giving the group a ready pool of neglected outlets to sign up. While it is a completely different picture in Europe and North America.
OYO to raise $200 million for luxury push in US
09/18/2019|9:54:47 PM|
OYO is reportedly going to create a separate entity in the US to help it acquire and run four- and five-star hotels, and is likely to own a minority stake in this entity.
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