OYO INDIA BUSINESS IS EBITDA POSITIVE

HIGHLIGHTS

• OYO India Business is EBITDA positive now.
• OYO expects speedy recovery in Post-COVID economy.
• OYO has now started to earn the profits that it earned before COVID-19 outbreak.

Hospitality firm OYO announced recen...

HYDERABAD: 19-YEAR-OLD GIRL RAPED AT A BIRTHDAY PARTY, THREE ARRESTED

Highlights

• This crime took place on October 5 and came to light on Wednesday after the 19-year-old victim narrated it to her parents said Kukatpally ACP B. Surendar Rao

• These accused are Joseph, Naveen Reddy and Ramu, aged between 21 and 23, and are from Yousufgu...

HOTELS IN JAPAN EMPHASIZING SAFETY MEASURES OVER LOW PRICES TO ATTRACT CUSTOMERS

Highlights –

• Hotels in Japan emphasizing safety measures over low prices to attract customers.
• Japan’s summer vacation season has arrived, which means people might travel more.
• Oyo Japan G.K. has started offering its members...

SOFTBANK STARTUP OYO REDUCING OUTLETS IN JAPAN

HIGHLIGHTS

• Coronavirus pandemic is causing harm to tourism industry in Japan.
• Oyo Hotels is closing many of its regional outlets in Japan.
• Support from SoftBank is also not able to rescue Oyo from losses.

One of the larges...

TRAVEL BUG GONE AMISS BY LOCKDOWN IN FACE OF COVID IMPACT

• The travel bug has been taken for a ride with the travel and tourism sector being hit squarely with untold losses down the value chain
• The hospitality chain also suffers big revenue losses on account of the lockdown.

Not in the annals of histo...

Oyo becomes the fastest growing company in the world

Low-cost hotel chain company, Oyo is functional in over 80 countries and has about 35,000 hotels to its credit. Furthermore, Oyo comes second to the $40 billion Marriott International.

After its establishment in 2013, Oyo Hotels & Homes has become one of the fastest growing companie...

Corporate trends of the Travel industry are changing

ITB Asia 2019 has attracted unprecedented exhibition demand from a total of 58 National Tourism Organisations (NTOs) and Regional Tourism Organisations (RTOs), representing a year-on-year growth of 23.8 per cent and 25 per cent respective in the securing of exhibition space as compared to 2018 an...