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Latest News on Oyo Hotels And Homes
Showing of 0 - 10 from 13 results
Oyo Hotels And Homes - Total results - 13
Nov 26, 2019
Oyo unlikely to make profit in India, China until 2022; reveals six-fold rise in losses during fiscal year 2019The losses highlight rapid expansion by Oyo into China, the US, the UK and other markets, which has made the six-year-old startup one of the world’s biggest hospitality brands by room count.
Oct 08, 2019
Hotel operators who partnered with Oyo call it 'biggest online fraud', demand criminal probe against Softbank-backed startup now poised to raise $1.5 bnFounded in 2013, Oyo started by aggregating bookings for India’s budget hotels, promising a standard of service in a market where that was more often the exception
Oct 07, 2019
OYO to raise $1.5 bn in Series F funding; money to be used for expansion in US, strengthening vacation rentals business in EuropeOYO Hotels and Homes is set to raise $1.5 billion (nearly Rs 10,650 crore), from its founder, Softbank and other investors as it gets ready to expand for expansion in the US and strengthening its vacation rentals business in Europe
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
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.
Jun 25, 2019
OYO Hotels crosses 5 lakh room inventory in China; to invest $100 mn in 2 years as part of expansionHospitality firm OYO Hotels and Rooms on Tuesday said it has crossed 5 lakh rooms inventory in China, and plans to invest $100 million in that country in next two years as part of ongoing expansion
Jun 20, 2019
OYO to invest $300 mn in US over next few years for growth, talent acquisition and infrastructure developmentHospitality 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
Apr 10, 2019
Oyo creates over 1 lakh direct and indirect jobs in India; aims to double number by next yearThe company is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale to make bulk procurement that supports local businesses, Oyo said in a statement.
Feb 20, 2019
Oyo expands international footprint with Saudi Arabia foray; firm plans to create 5,000 jobs for local citizens by 2020Oyo 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.