Oyo Hotels And Homes

Oyo to invest 300 mn euro to strengthen presence in European vacation rental market

Hospitality 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

Amid global expansion, Oyo denies media reports on lay off at Chinese subsidiary; says recruited over 1,500 people

On 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.

OYO Hotels crosses 5 lakh room inventory in China; to invest $100 mn in 2 years as part of expansion

Hospitality 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

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 creates over 1 lakh direct and indirect jobs in India; aims to double number by next year

The 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.

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 India net loss marginally widens to Rs 360 cr in FY18, revenue growth jumps over threefold

Partnering with Oyo significantly improves the quality of the standalone hotel and improves occupancy from 25 percent to 65 percent on an average, Oyo said.

Oyo expands international presence with Philippines foray; to invest over $50 mn, aims to create 1,000 jobs

The hospitality firm has also committed an investment of over $50 million over the next few years in Philippines and aims to generate 1,000 direct and indirect employment opportunities there.

OYO expands global presence with Sri Lanka foray; hospitality firm to strengthen presence in South Asian mkt

Currently, OYO has presence in seven countries including India, China, Indonesia, Malaysia, Nepal, the UK and the UAE.