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  • Well-capitalized & on path to profitability: OYO’s Ritesh Agarwal Jul 31, 2021 01:04 PM IST

    Well-capitalized & on path to profitability: OYO’s Ritesh Agarwal

    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.

  • Moody's assigns first-time B3 ratings to OYO, outlook stable May 20, 2021 08:48 PM IST

    Moody's assigns first-time B3 ratings to OYO, outlook stable

    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.

  • Coronavirus Unlock 1 | Health Ministry releases guidelines for opening hotels Jun 04, 2020 09:33 PM IST

    Coronavirus Unlock 1 | Health Ministry releases guidelines for opening hotels

    Hotels in containment zones will remain closed.

  • SoftBank-backed OYO to offload more loss-making hotels amid pandemic: Sources Apr 29, 2020 09:10 PM IST

    SoftBank-backed OYO to offload more loss-making hotels amid pandemic: Sources

    The hospitality sector has been one of the worst affected by the coronavirus outbreak, with global and domestic travel coming to a near-halt.

  • Coronavirus impact: Hotel industry revenue likely to fall by Rs 90,000 crore in 2020 due to COVID-19 Apr 29, 2020 07:40 PM IST

    Coronavirus impact: Hotel industry revenue likely to fall by Rs 90,000 crore in 2020 due to COVID-19

    "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.

  • Hello This Is... | COVID-19's impact on hospitality sector Apr 16, 2020 04:53 PM IST

    Hello This Is... | COVID-19's impact on hospitality sector

    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.

  • Nirmala to discuss highway liquor ban issue with colleagues Apr 03, 2017 10:55 PM IST

    Nirmala to discuss highway liquor ban issue with colleagues

    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.

  • Hiring activity up 10% in November: TimesJobs Dec 06, 2016 03:02 PM IST

    Hiring activity up 10% in November: TimesJobs

    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.

  • Millitoons plans to acquire 9 US hotel cos for Rs 491 cr Oct 20, 2016 12:36 PM IST

    Millitoons plans to acquire 9 US hotel cos for Rs 491 cr

    "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.

  • 'Net driving travel, hospitality growth in small towns too' Mar 18, 2016 07:26 PM IST

    'Net driving travel, hospitality growth in small towns too'

    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.

  • Sarovar Hotels to launch 25 hotels in two years Apr 09, 2012 06:00 PM IST

    Sarovar Hotels to launch 25 hotels in two years

    Sarovar Hotels to launch 25 new properties even as hospitality sector growth estimated to slow down to around 10%.

  • Hero Group to launch 5-star deluxe hotel in Gurgaon Sep 05, 2011 08:26 PM IST

    Hero Group to launch 5-star deluxe hotel in Gurgaon

    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.

  • Asian Hotels West expects Rs 146 crore revenue in FY12 May 30, 2011 03:21 PM IST

    Asian Hotels West expects Rs 146 crore revenue in FY12

    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.

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