Hospitality & Hotels

Traum-Ferienwohnungen reports a 14% surge in new home listings in first quarter of 2023

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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 […]

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OYO Celebrates 4th of July with Discounted Stays, as Bookings Expected to Touch Record Numbers

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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

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OYO’s London Hotels Revenue leaps 21% During Coronation Weekend

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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

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OYO becomes Accommodation Partner of Differently Abled Indian Cricket Team for Malaysia Tour

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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

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Fitch upgrades OYO’s rating to ‘positive’ from ‘stable’

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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,

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OYO Launches Discounted Stays as Memorial Day Weekend Bookings Soar

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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

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Stable Outlook, Positive EBIDTA says Moody’s, as OYO Reports its First Cash Flow Positive quarter

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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

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