Jul 31, 2021 01:04 PM IST
Online hotel aggregator giant OYO Hotels & Homes sees a strong recovery in the Indian travel and hospitality industry as the impact of the second wave of COVID seems to reduce due to unlocking, Founder & CEO Ritesh Agarwal tells Moneycontrol’s Nisha Poddar in this exclusive chat.
- May 20, 2021 08:48 PM IST
The rating incorporates Moody's expectation that OYO will continue to incur losses over the next 2-3 years and that its path to profitability remains uncertain in light of travel restrictions due to the pandemic.
- Jun 04, 2020 09:33 PM IST
Hotels in containment zones will remain closed.
- Apr 29, 2020 09:10 PM IST
The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.
- Apr 29, 2020 07:40 PM IST
"Occupancies across hotels in key cities witnessed a sharp decline, as travel restrictions intensified and India went into lockdown towards the end of March 2020," HVS-Anarock said in a newsletter.
- Apr 16, 2020 04:53 PM IST
Rohit Kapoor, CEO - India & South Asia, OYO Hotels & Homes, talks about disruption in payment cycles and OYO's efforts to contribute towards the fight against COVID-19.
- Apr 03, 2017 10:55 PM IST
Commerce and Industry Minister Nirmala Sitharaman today said she will discuss with ministerial colleagues the Supreme Court ruling of banning liquor shops along highways, which has sparked concerns in the hospitality sector.
- Dec 06, 2016 03:02 PM IST
According to the latest TimesJobs RecruiteX report, travel & hospitality sector posted a 21 percent jump in hiring, followed by infrastructure 18 percent, petrochemicals 17 percent and IT and telecom sector 12 percent increase during the month.
- Oct 20, 2016 12:36 PM IST
"The company has drawn major plans to enter the hospitality sector in a big way and entered into an agreement to acquire nine companies in the US which own well established hotels for a total cost of USD 73.25 million equivalent to Rs 491 crore," Millitoons Entertainment said in a BSE filing.
- Mar 18, 2016 07:26 PM IST
The report, which was released today, said: technology automation gives hoteliers across categories and size the infrastructure to scale up operations and a competitive edge in the market.
- Apr 09, 2012 06:00 PM IST
Sarovar Hotels to launch 25 new properties even as hospitality sector growth estimated to slow down to around 10%.
- Sep 05, 2011 08:26 PM IST
The OP Munjal-led Hero Group today made a foray into the hotels and hospitality sector after winning a bid for a 5-star deluxe hotel in Gurgaon.
- May 30, 2011 03:21 PM IST
Sushil Gupta, MD, Asian Hotels West joins CNBC-TV18 to talk about the company’s performance in the fourth quarter and the way ahead. Asian Hotels registered a significant jump in their net profit to Rs 6 crore from the previous quarter’s Rs 3.8 crore.