Latest News on Oyo
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Oyo - Total results - 44
Sep 06, 2019
OYO Hotels and Homes enters Mexico as part of expansion plans in Latin American marketsHospitality firm OYO has entered Mexico as part of its expansion plans in Latin American markets, sources aware of the development said on Friday
Aug 14, 2019
Oyo to invest 300 mn euro to strengthen presence in European vacation rental marketHospitality firm Oyo on Wednesday said it will invest 300 million euro (over Rs 2,390 crore) to strengthen presence in European vacation rental market, given the increasing preference for vacation homes by customers
Jul 23, 2019
Oyo share buyback: Japanese financial groups’ consortium led by Mizuho, Nomura fund Ritesh Agarwal’s $2 bn stake repurchaseOn Friday, Oyo had said Agarwal signed a deal to buy back shares worth nearly Rs 13,770 crore from early investors through his Cayman islands-registered entity, RA Hospitality Holdings.
Jul 19, 2019
OYO founder Ritesh Agarwal to buy back shares worth $2 bn from early investors; stake to rise up to 30%Hospitality firm OYO on Friday said its founder Ritesh Agarwal has signed a deal to buy back shares worth $2 billion (nearly Rs 13,770 crore) from early investors through his Cayman islands-registered entity, RA Hospitality Holdings
Jul 16, 2019
Oyo acquires Innov8 for Rs 205 cr to enter co-working business with multi-brand approachOyo Workspaces uses technology and operational expertise to fix this problem, he added.
Jul 10, 2019
Oyo says it is world's third largest hotel chain by room count; UK, US markets remain strong growth drivers for companyToday, Oyo has over 8,50,000 exclusive keys as part of its hotel chain, he added.
Jul 08, 2019
Oyo founder Ritesh Agarwal in talks to buy back $1.5 bn shares, to approach banks for funds; move aims at hiking stake to 30%With second-tier cities at its core, Oyo Hotels' chain extended deep into China's tier-2 to tier-6 cities, the company said in a statement.
Jun 26, 2019
Amid global expansion, Oyo denies media reports on lay off at Chinese subsidiary; says recruited over 1,500 peopleOn Tuesday, Oyo said it crossed 5 lakh rooms inventory in China, and planned to invest $100 million in that country in the next two years as part of the ongoing expansion.
May 22, 2019
Oyo becomes second-largest hotel group in China within 18 months of its foray into the countryWith second-tier cities at its core, Oyo Hotels' chain extends deep into China's tier-2 to tier-6 cities, the company said in a statement
May 02, 2019
OYO to acquire Amsterdam-based Leisure Group for Rs 2,885 cr; takeover to help home-grown firm to become global brandWith the Leisure Group set to join the chain, OYO will have footprints in more than 800 cities across 24 countries