Oyo Hotels News
Ritesh 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 2023Oyo plans to cut IPO size amid tech headwinds
No shares will be offered for sale by Oyo’s current investors, sources told Bloomberg
3 min read27 Mar 2023OYO expects more than ₹5,700 revenue in FY23
OYO expects more than ₹5,700 revenue in FY23
1 min read27 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