Consumer confidence in hospitality needs to be a focus of business in planning to increase footfall and revenue. Measures being taken to reassure consumers that hospitality providers are providing safe environments in which to enjoy hospitality need to be marketed. One such message has seen significant results. The introduction of new ‘Sanitised Stays’ safety measures … [Read more...]
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OYO Hotels reopening procedures
OYO Hotels have new operational procedures in place to prepare for the reopening of hospitality across the UK. New procedures focus on a minimal-touch experience, ensuring stringent levels of hygiene and the ongoing need for social distancing. OYO will also introduce a ‘Sanitised Stays’ tag that will be displayed on online property descriptions, indicating that staff … [Read more...]
OYO Hotels UK redundancies
OYO Hotels is set to make most of its UK staff redundant, due to closures enforced by the Covid-19 crisis in hospitality. Yahoo Finance reported that last Friday, staff at OYO Hotels were told a 30-day consultation period on redundancies at the company was taking place. With a team of 300 people across the UK, a spokesperson for the company said that redundancies … [Read more...]
OYO Hotels and its biggest investor under significant and mounting pressures
Three reporters at The New York Times over recent days have built up a profile of OYO Hotels operating under significant losses and facing increasing pressure from its biggest investor, Japan’s SoftBank. The reporters at The New York Times interpreting data from current and former employees state several reasons for concern. In recent weeks, OYO Hotels has pulled out of … [Read more...]
OYO Hotels appoints COO to grow business in UK and Europe
OYO Hotels has today announced the appointment of Raj Kamal as Chief Operating Officer of OYO’s Vacation Homes business in the UK and Europe. The appointment comes as part of the company’s efforts to continue to invest in and attract world-class leadership, to drive innovation and growth in the company. OYO Vacation Homes comprises multiple brands, including OYO Homes, … [Read more...]
OYO Hotels announces new independent addition to their board
OYO Hotels earlier today announced the appointment of Betsy Atkins, CEO and founder of Baja Corporation, as an independent director on the company’s board of directors. Atkins joins the board alongside Mark Schwartz, Vice Chairman of Goldman Sachs, Munish Varma, Managing Partner, SoftBank Vision Fund, Bejul Somaia, Partner, Lightspeed India Partners Advisors, and Mohit … [Read more...]
$300 million investment fuels OYO Hotels opening 100 US hotels in three months
OYO Hotels & Homes has announced hitting the 100 + hotels milestone in the United States, a major milestone for the young hotel start-up and a signal to how the business is maintaining its fast growth momentum. Since formally announcing its presence in the U.S. market in June, OYO has established itself in more than 60 cities, almost quadrupling its previous portfolio. … [Read more...]
OYO Hotels acquires machine learning Danamica to further build global yield
OYO Hotels & Homes, now the world’s third-largest and fastest-growing hotel chain, has announced that it has acquired Danamica, a Danish data science company. Danamica, with machine learning and business intelligence capabilities, specialises in dynamic pricing. This acquisition is in line with OYO’s continued commitment to the company’s global strategic investments in … [Read more...]
OYO reaches 100 UK hotels in less than a year
OYO Hotels & Homes today announces that it has increased its presence in the UK to over 100 hotels across 25 major cities and towns. OYO Hotels & Homes launched in the UK less than a year ago and has more than tripled its UK portfolio in the last three months. Since launching in the UK in October 2018 with a commitment to invest £40 million in the region, OYO has … [Read more...]
OYO emerge as the world’s third largest hotel chain
OYO Hotels & Homes have emerged as the world’s third largest hotel chain when measured by room count, as of June 2019. OYO is also now the fastest-growing chain of hotels overtaking several ‘traditional’ established hotel brands. From a standing start in 6 years, OYO has expanded its presence to over 800 cities, with nearly 23,000 OYO-branded hotels and 850,000 … [Read more...]
OYO continues to spread its wings through global partnership with Hotelbeds and UK growth acceleration
OYO Hotels and Homes operates a network of over 18,000 franchised and leased hotels across 500 cities in 10 countries. The UK, China, Malaysia, Nepal, the United Arab Emirates, Indonesia, the Philippines, Saudi Arabia, and most recently Japan. The business is backed robustly by investors that include Softbank, Airbnb, Sequoia and Lightspeed, and is now investing substantially … [Read more...]
Brabazon Bar crowned Hotel Bar of the Year
By Angela Green, Content Executive, H&C News: Brabazon Bar crowned Hotel Bar of the Year. The Belfry Hotel & Resort’s Brabazon Bar has been crowned as winner of the Hotel Bar of the Year category at the Midlands Food, Drink & Hospitality Awards 2022, which took place in Birmingham on 4th July. The Awards recognise and celebrate the region’s best … [Read more...]
Hotel groups at opposite ends of the workplace spectrum
Two very different approaches to tackling the same issue, from two hotel groups. As cities and towns across the UK and most noticeably London remain sparsely populated, this alongside also zero international tourism is hindering any meaningful return to hospitality. Hospitality businesses across the UK at the same time are having to more than ever keep a close eye on employee … [Read more...]
Hospitality business leaders waive salaries, OYO’s CEO being the latest
The ongoing COVID-19 pandemic has seen numerous hospitality business leaders reduce or waive their salaries in an effort to emphasise the threat to hospitality businesses posed by the pandemic. Ritesh Agarwal, Founder & Group CEO of ‘start up’ OYO Hotels & Homes is the latest, announcing he will forego 100% of his salary for the rest of the year. The company’s … [Read more...]
OYO raising $1.5 billion to accelerate US and European growth
OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes & living spaces, today announced that it is raising $1.5 billion, as part of its Series F funding round. As a part of this round, RA Hospitality Holdings’ will infuse approximately $700 million as primary capital in the company, with the balance $800 million being supplemented by other existing … [Read more...]