Las Vegas, United States OYO Hotel & Casino Las Vegas, located just off the iconic Las Vegas Strip, has announced the reduction of its refundable guest deposit from $300 to $100. The move is part of OYO’s ongoing efforts to make the hotel experience more convenient, affordable, and welcoming for guests. Since assuming asset management […]
OYO Las Vegas Cuts Guest Deposit from $300 to $100 Read More »
Dallas, Texas First major hotel chain in the US to offer flexible pay-at-property option Innovative payment solution addresses growing demand for booking flexibility Feature rolled out across 400+ OYO properties in 35 states Global hospitality technology company OYO today announced the launch of its innovative Pay at Hotel feature across all US properties, becoming the
OYO Introduces Industry-first Pay at Hotel Feature Across US Properties Read More »
Dallas, Texas Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has completed its previously announced acquisition of G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. Additionally, OYO plans to
OYO Completes Acquisition of G6 Hospitality, Plans to Add Over 150 Hotels by 2025 Read More »
Travel-tech platform sees 15% increase in online bookings compared to last year Midwest and Northeast emerge as standout performers with 44% and 46% growth, respectively OYO is expanding its US presence through the acquisition of Motel 6 and Studio 6 brands Global hospitality technology company OYO reported a 16% increase in summer booking revenue (June
OYO Bucks Industry Trend in the US with 16% Jump in Online Summer Booking Revenue Read More »
Dallas, Texas Global travel technology company, OYO’s US operations today announced plans to significantly expand its footprint in the United States. The company aims to add more than 250 hotels in the US in 2024. Last year the company added ~100 hotels in the US, taking the total count to over 320 hotels. This expansion
OYO Doubles Down on US Expansion, on Track to Add 250 New Hotels in 2024 Read More »
Dallas, Texas Global travel technology company, OYO’s US operations reported that it has outpaced the budget hotel industry’s per room revenue (RevPar) growth in 2023. While OYO’s per room revenue witnessed a ~17% growth in 2023, the budget hotel segment in the US’s per room revenue saw a 9% decline y-o-y in 2023, according to
OYO US Outpaces Industry, Clocks 17% Growth in Per Room Revenue in 2023 Read More »
Oravel Stays Ltd which operates travel tech brand OYO reported that it has doubled its profit after tax (PAT) sequentially in Q3 FY24 to ~INR 30 crore. The company had marked its maiden profitable quarter with a PAT of over ~INR 16 crore in Q2 FY24. OYO’s Founder & CEO, Ritesh Agarwal, during an employee
OYO’s Profit Doubles to INR 30 cr Read More »
Kuala Lumpur Global hospitality technology company OYO has announced upto additional 15% discount for guests booking through its platform. This is an exclusive self-funded scheme introduced by OYO in Malaysia which has been designed to protect revenue and margins while ensuring guests benefit from attractive pricing options. The scheme has already been rolled out in
OYO launches self-funded 15% discount to protect hotel revenue Read More »
Dallas, Texas Global hospitality technology company OYO has announced the launch of a virtual front desk solution for its partner hotels in the US. Powered by GPT-4, the solution will eliminate waiting time for its customers offering anytime check in, help and guide international travellers who do not speak the local language and will also
OYO Rolls Out Contactless Anytime Check-In and Virtual Front Desk for its US Hotels Read More »
Dallas, Texas Global travel technology company OYO announced that it has partnered with Stripe, a global financial infrastructure platform for businesses, to ease the payment experience for its customers and hotel owners in the US. The integration will provide hotel owners with a flexible and seamless solution for in-person payments with Stripe Terminal at their
OYO US Collaborates with Stripe to Introduce Instant Payouts for Hotels Read More »
