Ritesh Agarwal

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Ritesh Agarwal
Asia

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.

Charity / Sustainability / CSR

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

Global

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.

Finance

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.

Global

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.

Finance

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

Finance

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

Associations

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

Hospitality

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

Charity / Sustainability / CSR

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

Americas

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

China

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.

Americas

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

By the Way

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.

Global

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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