Page 10 - Oyo

Oyo to invest Rs 2,390 cr to boost presence in European vacation rental mkt

Amsterdam-headquartered Oyo Vacation Homes is part of Oyo Hotels and Homes

OYO appoints Mandar Vaidya as CEO for South East and West Asia

Hospitality firm OYO Hotels and Homes on Wednesday said it has appointed Mandar Vaidya as the Chief Executive Officer for Southeast Asia and the Middle East, effective from August 1, 2019. The appointment comes as part of company's ongoing focus to drive accelerated growth in two of its high potential markets - Southeast Asia and the Middle East, OYO said in a statement. Vaidya has over 15 years of experience. He would be responsible for driving business growth for OYO in these two regions, which include markets like Indonesia, Malaysia, the Philippines, Vietnam, UAE, and the Kingdom of Saudi Arabia, it added. "We are thrilled to welcome Mandar to the OYO family as he takes charge of strengthening OYO's presence in Southeast Asia and the Middle East," OYO Hotels and Homes Founder & CEO Ritesh Agarwal said. These two markets are crucial for OYO's international expansion strategy, he added. "Under Mandar's leadership, we look forward to establishing a strong relationship with asset

Issues aside, cost efficiency, networking opportunity make co-working work

Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices

Best of BS Opinion: Crypto ban not a good idea, labour law reforms & more

From the ban on cryptocurrency, political defections to OYO's adventures, here's a selection of Business Standard Opinion pieces for the day

Why Ritesh Agarwal's $2-bn deal to hike his stake in Oyo to 30% is a riddle

SoftBank, OYO's largest investor, already owns 46% in the Gurugram-based company

OYO's Ritesh Agarwal to buy back shares worth $2 bn from early investors

Agarwal's stake in the company will rise from the current 9-10% to around 30%

London Bubble to operate in select OYO Townhouse properties across India

The tie-up will help OYO monetise its assets better and help add more value to its guests

From Paytm to Oyo, Softbank's Masayoshi Son shines a light on his proteges

SoftBank Group Corp.'s $100 billion Vision Fund has 82 companies in its portfolio who delve into areas from satellites and autonomous driving to chips and cancer detection

OYO forays into co-working spaces with two brands 'Powerstation', 'Workflo'

Each of the centres will have facilities such as Wi-Fi, air conditioning, free housekeeping services, locker facilities, and CCTV surveillance

IPO listing still a distant dream for Ritesh Agarwal's OYO Hotels

The company wants to first ensure that OYO has adequate brand recall and the company is able to make a dent in the hospitality sector in the country before it even thinks of listing in US

From US to China, how OYO is taking a homegrown business model worldwide

Still, some analysts wonder how well Oyo's model will travel to Western countries

OYO plans to invest $300 million over the next few years in US

Started in 2013, OYO Hotels and Homes has more than 23,000 hotels and 46,000 vacation homes in its portfolio

OYO's hospitality paid loyalty programme touches 1.5 million subscribers

OYO Wizard, the company's reward programme for frequent customers, comes with benefits such as guaranteed discounts, cashback, discount coupons and upgrades

OYO is using proprietary tech to trump competition in hospitality space

With the help of AI and machine learning, it looks at multiple metrics to do with customer behaviour such as location, weather and so on, to learn more about customer preference

OYO to acquire Amsterdam's vacation rental firm Leisure Group for $ 415-mn

Hospitality firm OYO has agreed to acquire Amsterdam-based vacation rental company Leisure Group from Axel Springer for an estimated USD 415 million (over Rs 2,885 crore). The acquisition will help OYO move a step closer in realising its vision of becoming a global real estate brand while maintaining leadership in the hospitality industry, OYO said in a statement. According to sources in know of the matter, the acquisition cost is USD 415 million (around Rs 2,885 crore). Leisure Group is a leading vacation rental company in Europe and manages holiday homes, holiday parks and holiday apartments, it added. As part of the deal, Leisure Group CEO Tobias Wann will join OYO's leadership group as CEO, Vacation Homes, OYO Global, the statement said. Commenting on the development, OYO founder & Group CEO Ritesh Agarwal said, "We see vacation homes as a unique opportunity with 115,000 units of homes now getting added to our already growing count of beautiful homes and we are excited to ...

Airbnb expands India operations, checks into OYO with $200-mn investment

For Airbnb, the tie-up with OYO means a partial change in the business model, specifically for India

Airbnb participates in Softbank-backed OYO's series E funding round

US-based Airbnb will look at ways to make the OYO accommodation available on its platform

OYO to invest Rs 1,400 crore in Indian markets to boost infrastructure

Oyo also announced the launch of a new brand - Collection O hotels - to its existing portfolio of budget- to mid-segment hotel chain brands

OYO to invest Rs 1,400 cr in India and Nepal markets in 2019 to boost infra

The company also announced the launch of a new brand, Collection O hotels, to its existing portfolio of the budget- to mid-segment hotel chain brands

OYO eyes UP Tourism's loss-making properties as it expands hotel chain

Only 15 of 100 hotels and rest houses run by state tourism are profit-making; efforts to turn around loss making ones by leasing them out to private partners have been failed so far