Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing

An example of an Oyo property. Oyo Rooms disclosed details about its financial performance as the hospitality company continues its breakneck expansion while piling up losses. Oyo Skift Take: Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three … [Read more…]

MakeMyTrip and Oyo Downplay India Regulatory Probe

Pictured is the Jai Mahal Lake Palace. Jaipur, India. MakeMyTrip pledges to cooperate with an regulatory probe in India about its relationship with budget hotelier Oyo. Jai Mahal Lake Palace Skift Take: MakeMyTrip definitely faces some near-term challenges, but it doesn’t consider a recently announced regulatory probe in India to be one of them. — … [Read more…]

An In-Depth Look at Hotel Chain Oyo’s Financials and Strategy: New Skift Research

Skift Take: Oyo promises a new type of hotel company. It’s an asset-light brand that seeks to connect the global long tail of mom-and-pop hotels through its tech and distribution platform. But can it live up to the hype? Skift Research dives deep into Oyo’s business strategy and financial performance. — Seth Borko Read the … [Read more…]

Agoda CEO: Online Travel Is Becoming Like the Game of Thrones

Agoda CEO John Brown speaking with Skift Executive Editor Dennis Schaal at Skift Forum Asia in Singapore on May 27, 2019. Brown likened online travel in Asia to Game of Thrones. Richard Lai / Skift Skift Take: Agoda has been an online travel leader in Asia for more than a decade. CEO John Brown doesn’t … [Read more…]