Oyo Hotels
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OYO to invest $300 mn in US over next few years for growth, talent acquisition and infrastructure development
•Hospitality firm OYO on Thursday said it plans to invest $300 million (approximately Rs 2,085 crore) over the next few years in the US for growth, talent acquisition, competency building and infrastructure development
Oyo becomes second-largest hotel group in China within 18 months of its foray into the country
•With 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
Oyo to invest Rs 1,400 cr in India, Nepal markets to enhance infrastructure, technology; announces new brand
•Oyo also launched an in-app SoS button for emergency assistance with options to contact the Oyo safety response team as well as local law enforcement authorities.
Oyo expands international footprint with Saudi Arabia foray; firm plans to create 5,000 jobs for local citizens by 2020
•Oyo Hotels in Saudi Arabia will employ over 300 local citizens by end of 2019, and generate employment for over 5,000 Saudi citizens by 2020, the statement said.
Oyo all set to make US foray; plans to launch affordable living solutions for young people, middle-income groups
Fp Staff •At present, Oyo has over 13,000 franchised and leased hotels, and over 450,000 rooms, adding over 64,000 rooms every month, globally.
Oyo Hotels to replace manual register system with digital records; to share customers' arrival, departure details with govt agencies
Fp Staff •The Digital Departure & Arrival Register of OYO will replace the existing manual registers that can easily be manipulated with an app that captures all data and sends it across real time to the government server.
Oyo to start sharing customer data with state govts, local authorities: Reports
Tech2 News Staff •Access to data will be provided only after Oyo is presented with an information order for an investigation.
OYO aims at 1 million rooms to become world's 'largest' hotel chain; sets target of 2.5 million rooms by 2023
Yuvrajsakhare •At present, OYO has over 13,000 franchised and leased hotels, and over 450,000 rooms, adding over 64,000 rooms every month, globally
OYO says it has emerged as one of top 5 hotel chains in China after 12 months of ops; launches six skill institutes
•The company, currently, has over 1,80,000 franchised and leased rooms and more than 4,000 hotels under various formats in China.
OYO appoints former IndiGo president Aditya Ghosh as CEO for India and South Asia
•The appointment comes in wake of the company's focus to drive accelerated growth in its home markets -- India and China, OYO said in a statement.