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 »
DanCenter, Denmark’s leading vacation home management company clocked ~15% growth in revenue or GBV (Gross Booking Value) in the first quarter of 2023, compared to the same period in 2022. The company’s revenue grew ~93% in this period versus the last quarter of 2022, demonstrating a strong summer booking season. DanCenter witnessed highest revenue growth
DanCenter clocks 15% growth in revenue in 2023 Read More »
Bremen, Germany Traum-Ferienwohnungen, one of the leading online vacation rental platforms in Europe, announced a strong increase in new vacation home listings during the first quarter of 2023 in Germany. The company added a total of 4,236 new listings, a 14% rise from the 3,709 listings added during the same quarter last year. Among the
Traum-Ferienwohnungen reports a 14% surge in new home listings in first quarter of 2023 Read More »
Dallas, Texas Global travel technology company OYO has announced a special offer for the upcoming Independence Day holiday as bookings are expected to clock record numbers. With the 4th of July offer, guests can avail a discount of 33% on their room bookings. This limited-time offer celebrates the spirit of the holiday and provides an
London Global travel technology company OYO’s hotels in London clocked a 21% increase in revenue & 18% increase in per available room revenue (RevPar) as travellers flocked the city to witness Britain’s first coronation in nearly 70 years. The coronation long weekend starting 5th to 8th May 2023 saw a 15% increase in average daily rates for
OYO’s London Hotels Revenue leaps 21% During Coronation Weekend Read More »
Kuala Lumpur OYO to offer discounted accommodation to the differently abled Indian cricket team touring Malaysia Accommodation to be arranged in Hotel Signature International at Kuala Lumpur The team is on a 3-day tour to Malaysia to play matches with Malaysian team Matches will be played between June 12-14, 2023 OYO has also offered accommodation
