Oyo Hotel News
Upcoming IPO: OYO IPO to hit Dalal Street within next 6-12 months
Oyo Hotels plans to launch an IPO on Indian stock exchanges within 6 to 12 months, following consistent profits over the last eight quarters. The startup reported a net profit of ₹229 crore in FY24, marking its first full-year profit in 12 years.
1 min read4 Mar 2025Anupam Kher brings out actor in OYO’s Ritesh Agarwal - ‘Anybody can act…’ | Watch video
Ritesh Agarwal, CEO of OYO Rooms took a lesson out of Bollywood veteran Anupam Kher’s playbook, according to a post on the social media platform X on Wednesday.
1 min read12 Feb 2025India’s Hotels Can’t Surrender to the Marriage Police
Companies shouldn’t follow in the footsteps of Oyo’s ban on unmarried couples — unless they want to harm their brands.
3 min read16 Jan 2025Oravel subsidiary Oyo Hotels and Homes reports decline in revenue in FY24
Oyo Hotels reported a 15% revenue decline in FY24, from ₹1,312 crore to ₹1,113 crore, but achieved a profit of ₹11.5 crore, recovering from a ₹27 crore loss in FY23. The company also changed its check-in policy for unmarried couples in Uttar Pradesh.
2 min read7 Jan 2025Ritesh Agarwal’s ambitions for Oyo are still intact
Oyo’s acquisition of Motel 6 aims to enhance its US presence and profitability, positioning it for a potential public listing after past failures. But how long will it take for Ritesh Agarwal to return Oyo to its 2019 peak
3 min read27 Sep 2024OYO parent Oravel Stays to acquire Motel 6, Studio 6 from Blackstone paying $525 million in an all-cash deal
Oravel Stays, parent of OYO, will acquire G6 Hospitality, operator of Motel 6 and Studio 6, with the deal closing in Q4 2024. OYO aims to enhance these brands using its technology and distribution network, while maintaining their separate identities.
1 min read21 Sep 2024As travel rebounds, Oyo checks in its first full-year net profit
Founder Ritesh Agarwal said on X that the travel and hospitality company had recorded its eighth consecutive quarter of positive EBITDA in the three months ended March
2 min read30 May 2024OYO’s founder Ritesh Agarwal shares bullish outlook on holiday travel. THESE cities are almost 100% booked
OYO hotels in popular tourist destinations like Puducherry, Nainital, Goa, Mysore, Mussoorie, and Manali are nearing 100% occupancy for the weekend, indicating a strong revival in the travel and tourism sector after the pandemic slump.
1 min read31 Dec 2023Fitch revises outlook on OYO’s long-term issuer ratings to ’positive’ from ’stable’
Fitch Ratings has revised the outlook on OYO’s long-term foreign- and local-currency Issuer Default Ratings to positive from stable, while affirming the ratings at ‘B-’
4 min read31 May 2023OYO pre-files draft paper for IPO; likely to list around Diwali: Report
OYO had filed preliminary documents with the Sebi on September 2021
2 min read31 Mar 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared