United States Ratings agency Fitch has upgraded its outlook on global travel tech company OYO’s (Oravel Stays Limited) long-term foreign and local currency issuer default ratings (IDRs) to positive from stable, while affirming the ratings at ‘B-’. Fitch has also affirmed the rating on the USD 660 million senior secured term loan facility due 2026, […]
Fitch upgrades OYO’s rating to ‘positive’ from ‘stable’ Read More »
Dallas, Texas Global travel technology company OYO has announced a special offer for the upcoming Memorial Day holiday. This Memorial Day weekend is expected to be the busiest since 2000. Due to record anticipated travelers for the weekend, OYO is offering discounted stays to help travelers plan their holidays within their budget. Travelers can avail
OYO Launches Discounted Stays as Memorial Day Weekend Bookings Soar Read More »
United States Global rating agency Moody’s (Moody’s Investors Service) has reported that it expects IPO-bound OYO (Oravel Stays Limited) to remain EBITDA positive for FY24 and the overall outlook to remain stable. Moody’s in its latest ratings update said that OYO will generate EBITDA of around $50 -$55 million in FY2024, supported by a strong
Dallas, Texas Global travel tech company OYO’s US business witnessed a 48% growth in revenue from bookings on its own platform, such as the app, website, mobile web and call centers in Q4 2022 vs same period in 2021. OYO’s app led the growth with a 99% surge in revenue from bookings in Q4 2022
OYO USA Clocks 48% Growth in Revenue from Bookings on its Own Platforms Read More »
Dallas, Texas, United States Global travel technology company OYO is planning to add over 100 hotels in the US in 2023. This is nearly double the number of hotels the company added to its portfolio in 2022. This expansion strategy will focus on adding more hotels in the states of Oregon, Washington, Texas, Oklahoma, Georgia
OYO USA to Add Over 100 New Hotels to its Portfolio in 2023 Read More »
