OYO: Disrupting the Hospitality Industry with Phenomenal Growth & Global Expansion

In 2013, a young startup emerged with a vision to disrupt the hospitality industry. Oravel Stays Limited (OYO) is now one of the world's leading tech hospitality chains, and its growth over the years has been nothing short of phenomenal.

With a commitment to provide affordable, trustworthy and easy-to-book accommodation to customers across the globe, OYO has transformed into the third-largest and fastest-growing chain of leased and franchised hotels, homes, and living spaces worldwide.

OYO is a global platform that empowers small business owners and entrepreneurs who own or operate hotels and homes by providing full-stack technology products and services to increase their revenue and ease their operations. The company's presence in 35+ countries, over 43,000 hotels and 50,000 vacation homes, is a testament to its success.

Let’s take a look at OYO’s significant recent developments:
 

• OYO has invested £300 million in European companies Belvilla, DanCenter, and Traum-Ferienwohnungen, among others, increasing its footprint in the Netherlands, Denmark, Belgium, Germany, Austria, Croatia, and other countries (LiveMint)
• OYO is the biggest hospitality tech platform in Indonesia, with over 2,500 exclusive hotels available for bookings across 180+ cities. The Company has hosted over 13 million guests since 2018, recording 15x growth (Business Today)
• Prime Minister Narendra Modi inaugurated the OYO Ekta houseboat in Gujarat's Ekta Nagar district on Sardar Vallabhbhai Patel's birth anniversary near the Statue of Unity (Business Standard) 
• OYO witnessed a record 4.5 lakh-plus bookings on New Year's eve, the highest bookings per hotel per day in India in the last 5 years (Economic Times) 
• OYO is set to expand its presence in the US with over 100 new Hotels this year ahead of its upcoming IPO. This is nearly double the number of hotels it added to its portfolio in 2022. New hotels planned in Oregon, Washington, Texas, Oklahoma, Georgia and Florida (Business Standard) 
• OYO-owned Weddingz.in on Thursday announced a strategic tie-up with Lemon Tree Hotels in a bid to boost revenue, drive demand and sales. The alliance will help increase the fill rate of banquets and event spaces in Lemon Tree Hotels, in more than 40 destinations across the country, including Delhi NCR, Jaipur, Kolkata, Lucknow, Bhubaneswar, Mumbai and Pune, among others (Economic times)
• The Travel-tech firm is estimating its FY23 revenue to be over Rs 5,700 crore, up 19 percent from Rs 4,780 crore in FY22, according to its founder and group CEO Ritesh Agarwal (CNBCTV) 
• OYO has reported its EBITDA positive quarter, reporting INR 7 crore (~$1 million) adjusted EBITDA in Q1 FY2023, driven by an increase in the overall Gross Booking Value (GBV) while improving the company's unit economics  (Economic Times)
• OYO USA Clocks 48% Growth in Revenue from Bookings on its Own Platforms (Yahoo Finance)
• Oyo tells employees it turned cash flow positive in Q4 2023 (Economic times)
   

In conclusion, the OYO IPO presents a unique opportunity for investors to be part of a rapidly growing hospitality chain that has been disrupting the industry with its innovative technology and services. With its vast presence worldwide and strong financials, OYO is poised to make a mark in the hospitality industry, making it a potential game-changer for investors.

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Note: This information is from secondary sources. We do not have a view on valuations and the IPO price band and whether the IPO will come or not. Investments are subject to market risk. Please do your own due diligence before investing.

Disclaimer- We are not a stock exchange or an advisory platform. Investments in unlisted products carry a risk and may not provide the anticipated returns and there is a possibility of losing the entire capital as well. There is no assurance of exit and listing date and no clarity whether the IPO will come or not. Unlisted shares go in a lock-in for 6 months from the date of allotment in the IPO. No one should rely solely on the information published or presented herein and should perform personal due diligence or consult with an independent third-party advisor prior to making any investment decisions. We are not an exchange not an advisory platform, we only facilitate liquidation by connecting buyers and sellers for illiquid assets via our partners across the globe. We are only a referral platform for any illiquid assets. Please do your own due diligence before doing any transaction. The information presented here is obtained from secondary sources, we do not assure the accuracy of the same. The estimates and information is based on past performance, which cannot be regarded as an accurate indicator of future performance and results