Oyo, which has major operations in the UAE, had filed a draft application for an IPO in October 2021 with the Indian market regulator for over $1 billion
OYO Hotels & Homes
Latest in OYO Hotels & Homes
Hospitality
Startups finally signals changing tacks to focus on earning hard cash, with Oyo reporting first EBITDA positive quarter
The trend change in the startup sector comes in the wake of facing serious fundraising challenges of late due to concerns on ventures’ ability to earn hard cash from operations
Hospitality business
Indian hotel chain Oyo revives IPO plans, eyes early 2023 listing
Oyo earlier filed initial IPO documents in 2021, but the impact of Covid-19 hurt its growth, forcing it to cut thousands of jobs – and ultimately suspending the listing plans
budget hotels
India’s OYO Rooms hospitality chain rolls out four-day workweek, flexible leave amid pandemic surge
The initiatives aim to alleviate employees’ stress levels amid the surging pandemic the has recently beleaguered the sub-continent
Hospitality
India-based OYO reveals $1bn expansion plans for Saudi Arabia
OYO will also set up two OYO Skill Institutes to train Saudi graduates in hotel management
Dubai Tourism Vision 2020
Oyo Rooms, Gallery Suites partner to manage 10,000 holiday homes in Dubai
Gallery Suites Vacation Rentals and Oyo Rooms partnership combine on $5bn deal to furnish and manage 10,000 holiday homes in Dubai
business apps
India’s Oyo launches Arabic app amid UAE expansioin plans
Oyo Hotels & Homes has announced the launch of an Arabic version of its customer app
OYO Homes
India’s Oyo hires new CEO to drive Middle East expansion
Oyo Hotels and Homes has announced the appointment of Dr Mandar Vaidya as CEO for Middle East and Southeast Asia
Abu Dhabi economy
Abu Dhabi start-up hub inks Oyo deal for staff accommodation
Hub71 signs agreement with Oyo Hotels & Homes to provide accommodation to start-ups that have been granted incentive packages
Capital O
India’s Oyo launches Capital O hotels in the UAE
Oyo announces Capital O 187 Action Hotel in Ras Al Khaimah and Capital O 167 Moon Valley Hotel Apartment in Bur Dubai
Entrepreneur
Too many entrepreneurs give up, says Oyo CEO Ritesh Agarwal
The 25-year-old is at the helm of one of the world’s fastest growing hotel chains
OYO Hotels & Homes
India’s Oyo Hotels eyes Saudi expansion, says CEO
Oyo CEO Ritesh Agarwal said that the firm believes it will hit its goal of creating 5,000 jobs for Saudis earlier than expected
Dubai Tourism Vision 2020
India’s OYO plans 12,000 hotel rooms in the UAE by 2020
India-based global hospitality chain says working on an aggressive expansion plan in the GCC market
Airbnb
Airbnb to invest up to $200m in India’s Oyo hotels – report
The investment will allow Oyo to list its 10,000 properties in Dubai, India and other markets on the Airbnb platform
Abhishek Gupta
India OYO Hotels & Homes sees growth quadruple in 2018
OYO currently manages 12,500 rooms across Dubai, Sharjah, Ras Al-Khaimah and Fujairah
Madinah
OYO to partner with Saudi ministry on Makkah, Madinah rooms
OYO’s technology suite is expected to upgrade over 15,000 rooms in Makkah and create over 3,000 local employment opportunities
Airbnb
India’s OYO to launch short stay holiday homes in Dubai
UAE is the first international market where OYO will be launching its OYO Homes platform