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...

AVIAN FLU OUTBREAK IN KAGAWA PREFECTURE; 46,000 CHICKENS CULLED

Highlights –

• Avian flu outbreak in Kagawa prefecture; 46,000 chickens culled.
• A separate outbreak was recorded on Nov.5 at a poultry farm in the city of Mitoyo in the same prefecture.
• The poultry outbreak occurred on the farm that had...

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...

RAGS TO RICHES: THE STORY OF RITESH AGARWAL, FOUNDER OF OYO ROOMS

Highlights

• Ritesh Agarwal started an accommodation portal named ‘Oravel Stays'  

• Agarwal was the winner of Thiel Fellowship and secured grant of $100,000

• In the month of September 2018, OYO Rooms managed to raise funds of $1 b...

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...

TOYO TIRES EXPANDS IN EUROPE

Highlights:

• Toyo tires are expanding its presence with the opening of an R&D center in Willich, Germany.
• Toyo tires plan to expand its technical expertise in tire compounding, product methods, evaluation, and simulation technologies.
• To...

The Japan Apartment Venture of Oyo exited by Softbank’s Yahoo Japan

In the new retroactivity for the loss-making Indian startup, SoftBank-controller Yahoo Japan retired from a Japanese apartment rental business with Oyo Hotels & Homes.

Yahoo Japan said it had resigned from Oyo Life to concentrate on other projects, which included a 33.9 percent stak...

contemporary status and ultimate viewpoint of the market development

The Bus Tires showcase offers a typical stage with various chances to numerous organizations, affiliations, ventures, and different items and administrations suppliers Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo, Yokohama, Maxxis, Zhongce, GITI Tire, Cooper Tire, Kumh...

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...