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Oyo Reduces FY23 Losses to Rs 1,287 Crore, Reports Revenue of Rs 5,464...
In the financial year 2023, Oyo, a hospitality and travel tech startup, has significantly reduced its losses, narrowing them down to Rs 1,287 crore
ECLGS relaxation less likely to benefit small & mid-sized hotel
It will primarily benefit leading and branded hospitality players as their bankers will certainly provide them the financial cushion considering the...
Has IPO-bound OYO regained trust of its hotel partners?
As travel tech major OYO prepares for its much-awaited public listing, the continued satisfaction of its hotel partners and winning back dissatisfied...
Hotels run out of rooms for upcoming Diwali weekend
Hotels in short haul destinations from metros as well as premier resort locations are fully booked for the upcoming Diwali weekend with occupancies...
Zostel moves SEBI; OYO calls it 'unnecessary and repetitive' efforts
Zostel Hospitality Pvt Ltd has written to the market regulator SEBI (Securities Exchange Board of India), seeking the suspension of $1.2 billion IPO...
"Oyo 360" a self sign-up service for hotels: Oyo
SoftBank-backed Oyo has announced the launch of Oyo 360, a service that will allow hotel owners to self sign-up on the platform. This service is...
ITC charts asset-right strategy for hotel biz
In his AGM address Sanjiv Puri, Chairman and Managing Director of ITC Ltd, said the ITC Next horizon for the hotel business is premised on pursuing an...
Tata Group's Ginger Hotels eyes IPO launch
The Tata Group-promoted Indian Hotels Company (IHCL) is exploring possibilities of launching an initial public offering (IPO) for the Ginger brand and...
