Articles tagged “oyo”

Acknowledging a company's shortcomings is a first step toward fixing them. But Oyo will really have to transform its practices if it has any hope of mending relations with hotel owners, some of whom feel burned.

A path to survival for Oyo was already compounded by mounting problems pre-pandemic. But CEO Ritesh Agarwal says he has a plan to ensure that Oyo will be around for a long time. Don't miss out on him telling me what is behind that strategy.

Oyo put in place a substantial number of furloughs — likely in the thousands — and there are probably many more to come after the India lockdown ends. The Oyo that emerges will look different than the rocket ship of a year ago. Withdrawing from certain markets will certainly have to be under consideration.

It's good to see hotels support workers on the frontlines, but consolidation of these bespoke programs and booking platforms may be needed if the pandemic escalates.

Numerous travel companies, private and public, have seen their valuations taken down a peg by coronavirus. But Oyo's China business, where it fields about 60 percent of its rooms, and its ongoing operational problems in other regions exacerbate its likely valuation decline.

With the impacts of climate change already upon us, the tourism sector will soon be forced to take aggressive actions to curb its carbon emissions. Because inaction is increasingly not an option.

Rather than boycotting travel to Myanmar entirely, a more responsible form of tourism would be to avoid unethical establishments while supporting good practices on the ground.

If you were thinking after a tumultuous last few months that a reformed Oyo would emerge, then guess again. The hotel chain is giving little ground on the basics of its business model, although it vows to get better on the execution of it all.

Accor's transformation over the past few years has been remarkable, but now it's facing a new challenge in Europe from the likes of Oyo. Can its accelerating development of upscale brands help offset growing competition in the midrange and economy sectors?

Oyo appears to be taking its once-explosive global expansion strategy down a few notches, and that could be a good thing for the young company in the face of still-uncertain impacts from the coronavirus and the reputational damage it recently suffered. These losses aren't pretty.