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IPO-bound OYO’s Q3 FY24 profit doubles QoQ to INR 30 Cr
OYO, the IPO-bound hospitality unicorn, achieved its second consecutive profitable quarter in Q3 of the financial year 2023-24 (FY24), doubling its profit after tax...
Oyo boosts hospitality in Ayodhya with inauguration of 65 hotels and homestays ahead of Ram Temple consecration
Days ahead of the consecration of the Ram Temple, Oyo, a budget hospitality chain, announced on Wednesday the inauguration of 65 hotels and homestays...
Oyo to open 400 properties in major spiritual hotspots amidst growing demand for spiritual tourism
Oyo, the budget hospitality chain, announced on Monday its ambitious plan to unveil 400 new properties in major spiritual hotspots across the country. This...
OYO collaborates with Khelo India and others to support differently-abled talent across the country
OYO has collaborated with Khelo India Para Games, Divyang Kala Mela, Wheeling Happiness Foundation, and other organizations to offer specialized and accessible accommodation for...
OYO appoints Rakesh Kumar as new CFO, charts aggressive strategy for 2024
OYO, the hospitality technology platform, announced on Tuesday the promotion of Rakesh Kumar to the position of Chief Financial Officer (CFO), effective January 1,...
OYO unveils Prime Partner Program as it resumes self-operated hotels operations
OYO, a hospitality unicorn gearing up for its IPO, has resumed operations of self-operated hotels after a pause of over two years.Through its recently...
Oyo’s INR 1,600 Crore debt prepayment proposal poised to boost EBITDA leverage: Fitch Ratings
Hospitality unicorn Oyo's plan to allocate INR 1,600 crore, approximately $195 million, for debt prepayment using existing cash and free cash flow is anticipated...
OYO initiates INR 1,620 Cr debt repurchase, aims to proactively settle one-third of Term Loan B
OYO, a major player in the hospitality industry, is said to be strategizing to proactively settle approximately one-third of its outstanding Term Loan B...
OYO ramps up presence: Targets 35+ leisure markets with addition of 750 hotels in expansion plan
Hospitality technology firm OYO announced on Monday its plan to expand its platform by incorporating 750 hotels within the next three months across over...
IPO-bound OYO records 34% decrease, reaching INR 1,286 Cr in FY23!
IPO-bound hospitality unicorn OYO witnessed a 34% decrease in its net loss to INR 1,286.5 Cr during the financial year 2022-23 (FY23), down from...
Oyo Hospitality announces massive expansion with 750 new hotels across India
On Monday, Oyo, a hospitality technology company, announced its plan to expand its platform by incorporating 750 hotels within the next three months. These...