OYO raises $7.4M as part of Series F round

OYO Hotels & Homes has raised $7.4 million from Hindustan Media Ventures as part of a Series F round. The company will use the capital to invest in product and technology improvements. OYO currently offers more than 43,000 hotels and 150,000 homes in 80 countries around the world. In September, OYO said its “gross margin […]

OYO UK hotels go live on Sabre’s SynXis platform to grow reach and focus recovery

SOUTHLAKE, Texas – OYO Hotels & Homes (www.oyorooms.com) has connected its first group of UK hotels to Sabre’s SynXis Central Reservations System, following a global partnership signed between OYO and Sabre Corporation, a leading software and technology provider powering the global travel industry. More than 80 OYO hotels in the UK, representing more than 2,500 […]

Oyo sees global growth intentions stunted

Oyo Hotels has reportedly faced difficulties regarding its global expansion strategy, following reported monthly losses of $15m throughout the pandemic. The group has previously set targets on becoming the largest hotel chain in the world, entering the UK in 2018 and expanding into Europe with the $415m (£297m) acquisition of Axel Springer’s Leisure brand. At […]

OYO Hotels reports 100% surge in room bookings

OYO Hotels has reported a 100% uptick in room bookings for its UK sites following the government’s announcement of a roadmap out of lockdown. Earlier this week, prime minister Boris Johnson revealed lockdown restrictions will gradually ease over the coming months, allowing hotels to partially reopen by 17 May. The uptick in interest came the […]

OYO Hotels Expands Footprint Across US; Opens Doors to 10 New Hotels

OYO enters 2021 with new hotels in Colorado, Georgia, Iowa, Mississippi, North Carolina, and Texas Adds 10 new hotels as OYO continues to be the preferred choice of business travelers and families for affordable, clean, stylish hotels Witness healthy recovery as RevPar reaches 130% (in Q4) of pre-COVID levels OYO Hotels & Homes, the leading […]