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OTAs Top Stories

Betting big on business travel, OYO adds more than 1,250 corporate clients since March 2022

By TBM Staff - Mumbai Thursday, 2 June 2022, 11:00 AM 1031

OYO has added more than 1,250 corporates since March 2022. The recovery is led by small and medium enterprises, traditional business houses & conglomerates, startups, travel management companies as well as film production houses which have emerged as a key customer category for OYO in recent times. The list of top cities searched and booked […]Continue Reading

Top Stories

SoftBank-Backed Oyo to Shelve Plans for IPO in 2022

By TBM Staff - Hyderabad Friday, 27 May 2022, 2:30 PM 674

According to Bloomberg, Oyo Hotels, the once high-flying Indian startup, is shelving plans for an initial public offering in 2022 after a market downturn that would hurt its valuation, according to people familiar with the matter. The board of Oyo, formally known as Oravel Stays Ltd., talked through a change in the offering’s timing during […]Continue Reading

Hotels & Resorts Top Stories

OYO announces a free stay after 5 night stays

By TBM Staff - Hyderabad Sunday, 22 May 2022, 11:00 AM 1041

Global hospitality technology platform, OYO today announced that its customers will be eligible for a free stay after every 5 night stays. This is an initiative to boost travel in post-pandemic India. The free room night offer will be available to the Gold members of its loyalty program called Wizard. Designed for the frequent traveller […]Continue Reading

Hotels & Resorts Top Stories

OYO buys Direct Booker; INR 40 crore deal to expand footprint to Europe

By TBM Staff - Hyderabad Tuesday, 10 May 2022, 1:30 PM 732

According to the Financial Express, Ritesh Agarwal led travel-tech firm OYO has agreed to acquire Europe-based vacation rental company ‘Direct Booker’, the company said in a statement Monday. The deal has been completed at an acquisition price of over INR 40 crore ( or USD 5.5 million), the company added. Through the acquisition, OYO will […]Continue Reading

Hotels & Resorts Top Stories

17th Edition of Hotel Investment Conference – South Asia (HICSA) scheduled on April 6-7 at Grand Hyatt, Mumbai

By TBM Staff - Hyderabad Wednesday, 9 March 2022, 11:16 AM 1310

Hotelivate is all set to host the 17th Edition of its Hotel Investment Conference – South Asia (HICSA) at the Grand Hyatt, Mumbai on April 6-7, 2022. While the previous edition sought to understand the damage caused by the pandemic, this edition of HICSA will be centred around resilience. With two of the most challenging […]Continue Reading

Domestic Top Stories

OYO witnesses 34% increase in bookings for leisure destinatios during this Janmashtami weekend

By TBM Staff - Mumbai Saturday, 28 August 2021, 3:14 PM 1169

As per OYO’s August 2021 booking data for 27th – 30th August 2021, the global travel technology company has witnessed a 34% surge in leisure travel across the country. OYO’s booking trends reveal that Jaipur, Goa, Visakhapatnam, Kochi and Udaipur topped India’s most popular leisure destinations among travellers this long weekend. Majority of the demand […]Continue Reading