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OYO
OYO to acquire iconic Motel 6 brand in $525 million all-cash deal
The travel tech platform has steadily expanded its footprint in the US since its launch in the region in 2019 and operates over 320 hotels across 35 states.
21 September 2024, 07:04 IST
OYO to acquire iconic Motel 6 brand in $525 million all-cash deal
21 September 2024, 07:04 IST
OYO reports first-ever net profit of Rs 229 crore in FY24
In a statement, OYO informed that the first-ever net profit comes on the back of eight consecutive quarters of positive Adjusted EBITDA.
14 August 2024, 07:20 IST
OYO reports first-ever net profit of Rs 229 crore in FY24
14 August 2024, 07:20 IST
OYO parent Oravel Stays plans to open 25 premium hotels under 'SUNDAY' brand this fiscal
The company is planning to launch 25 premium SUNDAY Hotels across key travel destinations such as Gurgaon, Manesar and Corbett, Oravel Stays said.
06 August 2024, 09:37 IST
OYO parent Oravel Stays plans to open 25 premium hotels under 'SUNDAY' brand this fiscal
06 August 2024, 09:37 IST
OYO opens first luxury hotel in Dubai, eyes boosting premium property portfolio
The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year.
24 June 2024, 12:08 IST
OYO opens first luxury hotel in Dubai, eyes boosting premium property portfolio
24 June 2024, 12:08 IST
At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder
Travel tech platform OYO reported financial year 2023-24 as the maiden profitable fiscal with a net earning of nearly Rs 100 crore, founder Ritesh Agarwal said on Thursday.
30 May 2024, 07:26 IST
At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Founder
30 May 2024, 07:26 IST
OYO may raise equity from private investors at valuation of up to $4 billion: Ritesh Agarwal
The IPO-bound firm, backed by Softbank, had its maiden net profitable year, posting a profit after tax (PAT) of Rs 99.6 crore in the 2023-24 financial year.
22 May 2024, 11:35 IST
OYO may raise equity from private investors at valuation of up to $4 billion: Ritesh Agarwal
22 May 2024, 11:35 IST
OYO withdraws DRHP, to refile IPO post refinancing: Sources
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
18 May 2024, 08:34 IST
OYO withdraws DRHP, to refile IPO post refinancing: Sources
18 May 2024, 08:34 IST
OYO forays into sports hospitality business, shortlists 100 hotels in 12 cities
The sports hospitality business aims to meet the unique needs of large sports events with a focus on providing end-to-end solutions, including providing accommodation to athletes and sports officials participating in various sports events, the company said in a statement.
15 February 2024, 08:57 IST
OYO forays into sports hospitality business, shortlists 100 hotels in 12 cities
15 February 2024, 08:57 IST
OYO opens 65 homestays, hotels in Ayodhya to accommodate Ram temple visitors
The newly opened properties include 51 OYO homestays and 14 hotels in the city that have been added to support the anticipated surge in visitors after the consecration ceremony of the Ram Temple on January 22, the company said in a statement.
17 January 2024, 13:04 IST
OYO opens 65 homestays, hotels in Ayodhya to accommodate Ram temple visitors
17 January 2024, 13:04 IST
All roads lead to Ayodhya as Oyo CEO flags tourist interest spike on Dec 31
Ayodhya is gearing up for the Ram temple consecration, with PM Modi inaugurating the Maharishi Valmiki Airport and the renovated rail station on December 30.
02 January 2024, 11:22 IST
All roads lead to Ayodhya as Oyo CEO flags tourist interest spike on Dec 31
02 January 2024, 11:22 IST
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