OYO rumoured to be revising 2022 IPO plans
India: SoftBank-backed lodging startup OYO is considering revising its planned initial public offering [IPO].
OYO launches homestays in Gujarat
India: OYO has announced the expansion of its OYO homes brand into Kevadia, Gujarat, in line with the company’s mandate to expand in the region. It has currently opened four home-stays in the district, with plans to open over 20 by the end of the year. The shift is a part of endeavours by the […]
OYO promotes four new executives
India: OYO Hotels and Homes has announced it has promoted four employees to key executive positions. The four employees have all been given C-suite positions in various different segments of the company. The highest-profile promotion is the elevation of Ankit Gupta from the COO of frontier and workspaces to CEO of the division. This means […]
OYO announces further furlough round and 25 per cent pay cuts
India: Just a fortnight after placing the majority of its employees, or “Oyopreneurs”, on furlough or temporary leave in the United States, United Kingdom and many of the other countries in which it operates, Softbank-backed hospitality chain OYO is furloughing more employees around the world and accepting a 25 per cent pay cut for all […]
OYO Hotels & Homes adds to senior leadership team
India: Global hotel and vacation rental chain, OYO Hotels & Homes, has made a number of significant appointments and additions to its leadership team. Current CEO for the hotels and homes business in India and South Asia, Aditya Ghosh, has joined the company’s board of directors, where he will work alongside OYO Hotels & Homes […]