Ritesh Agarwal
OYO’s GBP 50million power move: How the hospitality giant is shaping future of UK’s hotel scene
The investment was announced during the Nasscom delegation to the UK, organized by the UK’s Department of Business and Trade. This move signals a significant evolution from its established budget-hotel model towards higher-end offerings, aligning with global consumer preferences for enhanced hospitality experiences.
OYO founder extends philanthropical support to the underprivileged with free healthcare
Ritesh Agarwal, the founder of global travel-tech company OYO, has announced the establishment of five healthcare centers for the underprivileged in his home state of Odisha over the next one year
OYO to add 50 homestays and hotels as it unveils plans to boost tourism in Rameswaram
Global hospitality technology platform OYO will open homestays, hotels and walking trail to promote tourism in Rameswaram.
Industry reflections to the Indian Union Budget 2023-2024
Finance Minister Nirmala Sitharaman said that there is a huge potential in the tourism sector which holds huge opportunities for jobs and entrepreneurship for the youth.
OYO had 4.5 lakh bookings on New Year Eve, says founder Ritesh Agarwal
In a series of tweets during New Year's Eve 2022, Ritesh Agarwal, Founder & Group CEO of OYO spoke about the “busiest day of the year” for the travel technology company.
Microsoft invests $5 million in Oyo
Microsoft has invested $5 million in SoftBank-backed Oyo, according to a regulatory filing, ahead of the Indian hotel chain's plan to go public
Oyo shortlists investment banks for USD 1.2 billion IPO
SoftBank-backed Oyo Hotels & Rooms has shortlisted JP Morgan, Kotak Mahindra Capital and Citi for its more than USD 1.2 billion initial public offering in India
FICCI and OYO join hands for online certification in hospitality industry in post-COVID world
FICCI and OYO have come together to develop and design an online training and certification course specifically for the hospitality industry
OYO CEO to forego 100% of his annual salary and leadership team to take voluntary salary cuts
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. In this unprecedented
OYO joins hands with Apollo Hospitals to offer support for quarantine facilities
Hotel chain OYO has been working closely with Apollo Hospitals to develop and support accommodation requirements of suspected Covid19 patients
OYO offers free stays to medical personnel fighting the spread of COVID-19
OYO Hotels & Homes is opening the doors to its hotels and offering free stays to doctors, nurses and other
OYO lays off 1800 employees in India, China and it’s just the start
OYO has scaled back its growth and has fired around 600 of its 12,000 China employees and 1,200 India employees.
OYO to raise USD 1.5 billion in new round of financing
OYO Hotels and Homes will be raising USD 1.5 billion as part of a latest round of funding which will
OYO reaches US milestone with more than 100 hotels
OYO Hotels & Homes has achieved the milestone of more than 100 hotels in the United States since formally announcing its presence in June.
OYO to invest USD 300m in “newest home market”
OYO Hotels & Homes celebrates its growth in the US by announcing plans to invest USD 300 million over the next few years.
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