budget hotels

How hospitality startup RedDoorz saw record revenues despite Covid-19

RedDoorz seems to have rebounded from the pandemic even though its co-living brand KoolKost was hit hard. We take a…

It will no longer be able to provide services to all its partners by the end of the month. Source…

The development comes weeks after Oyo furloughed thousands of its workers due to the pandemic’s economic impact. Source link

Revenues and occupancies have dropped by over 50% to 60%, Oyo CEO Ritesh Agarwal said. Source link

This is Oyo’s second round of layoffs in the US. Source link

Oyo intends to cut half its 6,000 direct full-time staff in China. Source link

It attributed the increased losses to expansion costs associated with its newer markets. Source link

Last month, the company gave the pink slip to a total of 1,800 employees in India and China. Source link

Zen Rooms co-founder Nathan Boublil will take over as CEO, while Yanolja’s Sean Sangjin Lee will be the company’s chief…

Oyo reported a net loss of US$332 million for the financial year ended March 2019, compared with US$50.2 million recorded…