OYO's loss-income ratio estimated to have halved in 2018-19

OYO recently announced a commitment of Rs 1,400 crore for its India and South Asia business, as part of its strategy to further double its expansion plans

Oravel Stays Pvt Ltd, which operates OYO, South Asia’s largest chain of hotels, is estimated to have halved the ratio of its loss to revenue in 2018-19 compared with previous year even as its net loss widened. The Ritesh Agarwal-founded hospitality firm has been pursuing an aggressive expansion plan, repositioning, and scaling up some of its brands under the leadership of Aditya Ghosh, its newly appointed chief executive-India and South Asia, in its quest to become the world’s largest hospitality firm. 

OYO’s realised value or income for financial year ended March 2019 is estimated to have increased to Rs 4,921