Page 8 - Oyo Hotels & Homes

Oyo's efforts to raise $600 million via debt to help its listing plan

The company said $600 million in a TLB structure will service its existing loans, which are on higher interest rates.

Oyo Hotels seeks to raise $600 mn loan, offers generous terms to investors

Oyo's loan also features maintenance covenants, which are usually only included for companies that are considered risky by investors.

Moody's assigns first-time 'B3' ratings to OYO, outlook stable

Moody's CFRs are opinions of a corporate family's ability to honor all of its financial obligations

Oyo to let Covid-19 patients and frontline workers books stays through app

Move is an extension of the facility it had provided in partnership with other stakeholders last year

Zostel claims win in 3-year legal battle against OYO, latter refutes

Zostel could get upwards of $600 million if arbitration goes through

SoftBank pulls out of Latin America partnership with Oyo Hotels, ends JV

Oyo has struggled across its markets worldwide as the coronavirus crisis pummeled the tourism industry, and has drastically scaled back its workforce

Hospitality firm Oyo raises Rs 54 crore from Hindustan Media Ventures

Hospitality firm Oyo has raised Rs 54 crore from Hindustan Media Ventures as part of Series F1 round

Oyo recovering from Covid, has $1 bn to fund operations until IPO: CEO

Agarwal said the company's focus is on getting revenue per available room to 60 per cent to 80 per cent of pre-pandemic levels across all markets

Embassy to compete with Oyo as it rolls out asset light business model

Under Olive Residences, the Bengaluru-based company will be taking up existing residential buildings and hotels in partnership with owners for a performance-based management fee

Oyo to focus on 50 million markets amid Covid-19 crisis: Group CEO

The company, which saw its gross margins fall sharply after the outbreak of Covid-19, said its gross margins are now back to 85 per cent of the pre-pandemic levels.

OYO to triple room count in Himachal Pradesh by 2022: CEO Ritesh Agarwal

Agarwal told Thakur that the state is among the strongest performing markets for OYO and the company is committed to doubling economic opportunities and presence in the state shortly

Softbank dispatches senior executives to help Covid-19 hit Oyo: Report

Oyo has struggled in Japan even with the full endorsement of SoftBank

Oyo Hotels is slashing footprint and headcount in virus-hit Japan

The Indian start-up slashed its regional presence by closing offices in provincial centers Sapporo, Sendai, Nagano, Hiroshima and Omiya at the end of June, Chief Business Officer Ryota Tanozaki said.

Covid-19 impact: Oyo sends letter granting ESOPs to all employees

The move comes as Oyo decided to lay off a large number of its employees in the US last week but reward them with stock options

As India unlocks, OYO's senior leadership check-in at different OYO Hotels across the country to experience 'Sanitised Stays'

New Delhi [India], June 13 (ANI/NewsVoir): With the country slowly moving towards normalcy - higher hygiene standards, minimal-touch services, and enhanced credibility top the list of consumer requirements while planning travel.