Tag: oyo hotels
oyo maiden profit: Oyo to report maiden net profit of Rs 16 crore in ongoing quarter
Oravel Stays, the parent of hospitality chain Oyo, has claimed it is on the verge of reporting its first-ever profit after tax (PAT) in the…
oyo: Oyo’s growth is ahead of schedule, cost controls are better than ever: Steve Albrecht
Being net income positive is ‘very important’ if a company is going public and independent director Steve Albrecht is hoping Oyo will get there soon….
oyo hotels: Oyo to add over 1000 hotels under Accelerator Programme by December
Hospitality chain Oyo has announced that it will add more than 1000 hotels as part of the Accelerator Programme by December 2023. The company said…
oyo: Fitch revises outlook on Oyo’s IDRs to positive from stable
Fitch Ratings said on Wednesday it has revised the outlook on India-based Oravel Stays Limited’s (Oyo‘s) long-term foreign- and local-currency issuer default ratings (IDRs) to…
oyo premium hotels: Oyo plans to double premium hotels in India this year
Hospitality chain Oyo announced on Tuesday that it plans to double the number of premium hotels in India in 2023. The company said it plans…
oyo ebitda profitability: Expect first full year of Ebitda profitability, Oyo tells employees
Oyo’s adjusted Ebitda for the second half of financial year 2022-2023 is expected to rise to Rs 185 crore, potentially marking the company’s first full…