Sunday, October 01, 2023
Outlook India
Outlook Business


Both the top-level executives have quit the company ahead of a planned public listing

Super OYO constitutes the majority with over 26 per cent of its hotels, followed by OYO Rooms at 22 per cent 

OYO plans to train homestay owners on earning opportunities as well as developing tourism activities in Rameswaram and Ramanathapuram

As the Head of Finance, Akhilesh will play a pivotal role in driving the company’s financial growth by spearheading finance, controllership, and governance, streamlining processes and systems and identifying areas for improvement

The company's on-field officers will conduct a comprehensive on-ground audit of one property every day

The new hotels will be strategically located near the stadiums, ensuring ease of access for cricket fans traveling from around the world to witness their favourite teams in action, OYO said in a statement

Gangtok, Darjeeling, and Shillong in the East; and Lonavala and Mahabaleshwar in the West will also see new OYO hotels, it added

H World Group (HWG), which held 0.78 per cent shareholding in Oravel Stays Ltd runs OYO, sold around one crore shares to a clutch of UAE-based family offices and institutional investors in a series of transactions

Agarwal said OYO, which also started in 2014, is also nine years old and the company has witnessed a single ecosystem where India has only moved forward

The company estimates that the addition of new markets will add over 5,000 listings to the online wedding planning platform. It presently has over 35,000 banquet/venue listings and other related ancillary services on the platform