OYO Hotels and Homes operates a network of over 18,000 franchised and leased hotels across 500 cities in 10 countries. The UK, China, Malaysia, Nepal, the United Arab Emirates, Indonesia, the Philippines, Saudi Arabia, and most recently Japan. The business is backed robustly by investors that include Softbank, Airbnb, Sequoia and Lightspeed, and is now investing substantially … [Read more...]
Search Results for: oyo hotel
Hotel groups at opposite ends of the workplace spectrum
Two very different approaches to tackling the same issue, from two hotel groups. As cities and towns across the UK and most noticeably London remain sparsely populated, this alongside also zero international tourism is hindering any meaningful return to hospitality. Hospitality businesses across the UK at the same time are having to more than ever keep a close eye on employee … [Read more...]
Hospitality business leaders waive salaries, OYO’s CEO being the latest
The ongoing COVID-19 pandemic has seen numerous hospitality business leaders reduce or waive their salaries in an effort to emphasise the threat to hospitality businesses posed by the pandemic. Ritesh Agarwal, Founder & Group CEO of ‘start up’ OYO Hotels & Homes is the latest, announcing he will forego 100% of his salary for the rest of the year. The company’s … [Read more...]
OYO raising $1.5 billion to accelerate US and European growth
OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes & living spaces, today announced that it is raising $1.5 billion, as part of its Series F funding round. As a part of this round, RA Hospitality Holdings’ will infuse approximately $700 million as primary capital in the company, with the balance $800 million being supplemented by other existing … [Read more...]
OYO announce acquisition of @Leisure Group
OYO Hotels & Homes, the world's 6th largest chain of hotels, homes, and living spaces has announced today that it has agreed to acquire Amsterdam-based @Leisure Group. @Leisure is a leading vacation rental company in Europe and manages holiday homes, holiday parks, and holiday apartments. OYO will acquire @Leisure from Axel Springer, the media and technology … [Read more...]