OYO Hotels earlier today announced the appointment of Betsy Atkins, CEO and founder of Baja Corporation, as an independent director on the company’s board of directors. Atkins joins the board alongside Mark Schwartz, Vice Chairman of Goldman Sachs, Munish Varma, Managing Partner, SoftBank Vision Fund, Bejul Somaia, Partner, Lightspeed India Partners Advisors, and Mohit … [Read more...]
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$300 million investment fuels OYO Hotels opening 100 US hotels in three months
OYO Hotels & Homes has announced hitting the 100 + hotels milestone in the United States, a major milestone for the young hotel start-up and a signal to how the business is maintaining its fast growth momentum. Since formally announcing its presence in the U.S. market in June, OYO has established itself in more than 60 cities, almost quadrupling its previous portfolio. … [Read more...]
OYO Hotels acquires machine learning Danamica to further build global yield
OYO Hotels & Homes, now the world’s third-largest and fastest-growing hotel chain, has announced that it has acquired Danamica, a Danish data science company. Danamica, with machine learning and business intelligence capabilities, specialises in dynamic pricing. This acquisition is in line with OYO’s continued commitment to the company’s global strategic investments in … [Read more...]
OYO reaches 100 UK hotels in less than a year
OYO Hotels & Homes today announces that it has increased its presence in the UK to over 100 hotels across 25 major cities and towns. OYO Hotels & Homes launched in the UK less than a year ago and has more than tripled its UK portfolio in the last three months. Since launching in the UK in October 2018 with a commitment to invest £40 million in the region, OYO has … [Read more...]
OYO emerge as the world’s third largest hotel chain
OYO Hotels & Homes have emerged as the world’s third largest hotel chain when measured by room count, as of June 2019. OYO is also now the fastest-growing chain of hotels overtaking several ‘traditional’ established hotel brands. From a standing start in 6 years, OYO has expanded its presence to over 800 cities, with nearly 23,000 OYO-branded hotels and 850,000 … [Read more...]