OYO

News / Distribution

OYO is acquiring Motel 6 parent G6 Hospitality for $525M

By Linda Fox | September 23, 2024

Earlier this year OYO raised $174 million in Series G funding. G6 has a network of about 1,500 properties across the United States and Canada. Read More

News / Startups

OYO raises $174 million in Series G funding

By Linda Fox | August 13, 2024

The company says the funding, which has come from a number of investors including OYO founder Ritesh Agarwal, will go toward growth. Read More

News / Technology

Travel Tech hosts D.C. showcase, maintains ancillary fee ruling criticism

By Morgan Hines | May 23, 2024

Overlooking the U.S. Capitol, the Travel Technology Association held its first Policy & Innovation Showcase with Airbnb, Sabre, Booking Holdings and more. Read More

News / Distribution

OYO creates accelerator to help India hoteliers expand

By Linda Fox | March 21, 2023

The aim of the program, which plans to accept 30 hoteliers initially, is to help hoteliers expand more rapidly. Read More

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News / Online

OYO restructures to scale up hotels and homes business

By Kathryn Walson | December 5, 2022

The India-based company is adding 250 employees to partner-relationship management and business development teams. Read More

News / Online

MakeMyTrip and OYO fined for anti-competitive behavior

By Linda Fox | October 21, 2022

MakeMyTrip-Goibibo (MMT-Go) has been fined for abusing a dominant position as well as having an anti-competitive arrangement with OYO, which is also being fined. Read More

News / Online

OYO looks to IPO again as results improve

By Linda Fox | September 19, 2022

The company initially filed its IPO documents with SEBI, the stock exchange of India, just under a year ago. Read More

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News / Online

OYO adds European vacation rentals with acquisition of Danish operator

By Mitra Sorrells | August 10, 2022

OYO's acquisition of Bornholm-based Bornholmske Feriehuse adds more than 730 homes to its DanCenter vacation rental brand. Read More

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News / Online

OYO acquires vacation rental business Direct Booker

By Linda Fox | May 10, 2022

Croatia-based vacation rental management company Direct Booker is said to have more than 3,000 homes on its platform. Read More

News / Online

OYO, Hopper bet on gamification to drive user retention

By Mitra Sorrells | March 7, 2022

OYO and Hopper are leading the way but expect to see more brands using both game theory and actual games in their mobile apps. Read More

News / Online

OYO outlines details for IPO, raising $1.2B

By Linda Fox | October 1, 2021

The India-based company is seeking to raise about $1.2 billion, mostly through the issue of fresh shares as well as some existing shares. Read More

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News / Technology

Microsoft, OYO partner to develop travel products and tech

By Mitra Sorrells | September 9, 2021

Along with announcing that the companies will work together to create "next-gen travel and hospitality products and technologies," Microsoft acknowledges a recent equity investment in OYO. Read More

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News / Technology

OYO adds self-service onboarding tool to boost supply

By Mitra Sorrells | September 3, 2021

OYO says its new OYO 360 tool reduces the time it takes to bring new hotels into its system from 15 days to just 30 minutes. Read More

News / Online

OYO secures $660M loan, keeps focus on post-pandemic growth

By Kevin May | July 19, 2021

The India-based company initially secured the agreement in May this year for the Term Loan B, a financial mechanism whereby the amortization is set for between five and eight years. Read More

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News / Online

Q&A: OYO on how it wants to emerge from the COVID crisis

By Mitra Sorrells | June 8, 2021

Abhinav Sinha, COO of India-based OYO, discusses what the company has learned through the pandemic, new tech products it has launched and its plans for future growth. Read More

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