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OYO launches European holiday brand DanCenter in India

Entrackr

Entrackr · 9m ago

Oravel, the parent company of hospitality firm OYO, has launched its European holiday home brand, DanCenter, in the Indian market. Known for its vacation home management across Europe, DanCenter's debut in India began with luxurious villas in Siolim, North Goa. Dancenter was acquired by OYO Vacation Homes in 2019. Since then, the company has expanded its presence in Europe significantly. Founded in Denmark in 1957, DanCenter has over six decades of expertise in the holiday home rental industry, managing a diverse portfolio of 12,000 properties across Denmark, Sweden, Norway, and Germany. The new 3BHK villas in Siolim, North Goa, offer a private and comfortable stay with services like a chef on call, housekeeping, booking assistance, local activities, mixology lessons, and BBQ on request. The brand is committed to launching only newly constructed properties in India, ensuring a premium experience for its guests.

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OYO-owned European holiday home brand DanCenter plans to add 250 vacation homes in India in FY26

Economic Times

Economic Times · 4m ago

OYO's European holiday home brand, DanCenter, plans to expand in India by adding 250 vacation homes in FY26, responding to increasing demand for premium, managed vacation homes. Having added 50 homes in the first quarter, they aim for 200 more by year-end, focusing on locations like Lonavala, Kufri, and more. DanCenter, acquired by OYO in 2019, also plans to venture into Telangana and the North-East regions, offering luxury villas and apartments.

PRISM announces top-level reshuffle to boost international growth

Entrackr

Entrackr · 1m ago

PRISM announces top-level reshuffle to boost international growth

PRISM, the parent company of OYO, has announced a leadership realignment aimed at strengthening its global operations and expanding across key markets. Ankit Tandon, currently CEO of OYO Vacation Homes, has been promoted to Chief Operating Officer of PRISM and CEO, Europe. In his expanded role, he will oversee PRISM’s global business performance, including brands such as Belvilla, DanCenter, and Sunday Hotels. Tandon will also manage operations across Europe, the UK, and the US, which includes G6 Hospitality, the parent company of Motel 6 and Studio 6. He will continue to lead the Vacation Homes business, including CheckMyGuest in France and MadeComfy in Australia. Varun Jain, earlier COO for India, has been appointed COO for Asia. His expanded mandate covers India and the SEAME region (Southeast Asia and the Middle East). He will also oversee Traum Ferienwohnungen in Germany. Within India, Innov8 and Weddingz will report to him, supported by Pankhuri Sakhuja and Nitin Gupta. Shreerang Godbole will continue as Chief Service Officer, leading customer experience and operations across PRISM businesses. He will also manage operations for DanCenter and MadeComfy. Shirish Damani has been appointed COO for Europe Homes & Hotels. He will work closely with Ankit Tandon to drive supply, revenue, and margins across key European brands, while continuing to lead global M&A efforts. Meanwhile, Gautam Swaroop, who led PRISM International and Traum Ferienwohnungen, is exiting to pursue new technology-led ventures but will continue to advise the company. The leadership changes come soon after the rebranding of OYO’s parent company as PRISM. PRISM operates OYO and a portfolio of hospitality and living brands across 35 countries, serving over 100 million customers globally. According to the company’s annual report for FY25, OYO recorded a profit after tax (PAT) of over Rs 200 crore in Q1 FY26, a sharp rise from Rs 87 crore in the same quarter last year.

OYO launches 60% discount for Indian tourists on booking hotels in Thailand

Business Today

Business Today · 2y ago

OYO launches 60% discount for Indian tourists on booking hotels in Thailand

Global hospitality technology company OYO has announced a discount of up to 60% for Indian tourists staying at OYO hotels in Thailand. This offer is available from October 11 to October 31, 2023, with reservations being accepted until December 31, 2023. OYO recently launched Super OYO hotels in Thailand and has added 13 such properties in cities like Bangkok and Pattaya. India was the second largest source of tourists to Thailand in 2022.

OYO plans to double its inventory by 2019

Entrackr

Entrackr · 1y ago

OYO plans to double its inventory by 2019

Budget hotel brand OYO plans to double its inventory to over 3.4 lakh rooms by 2019. As of now, it has around 8,700 asset owner partners across 260 cities in India and South Asia. Meanwhile, it also launched a program called OPEN (OYO Partner Engagement Network). It’s a kind of structured way of exchanging ideas and providing support to asset owners. Of late, OYO announced a commitment of Rs 1400 crore for the India and Nepal market. (Source)

OYO launches its first luxury hotel in Dubai, plans special packages for Indian tourists

YourStory

YourStory · 1y ago

OYO launches its first luxury hotel in Dubai, plans special packages for Indian tourists

OYO has launched its first luxury hotel in Dubai, called Palette Royal Reflections Hotel and Spa. The move comes as OYO anticipates a significant influx of Indian tourists to Dubai due to the relaxed visa policy. India currently ranks first in terms of visitors to Dubai, and OYO aims to meet the demand for premium accommodations with this initiative. The hotel will offer special packages and services tailored to Indian tourists, including authentic Indian cuisine and traditional hospitality. OYO has over 700 properties in the UAE, with more than 200 in Dubai.

OYO Plans To Launch 25 SUNDAY Hotels

Inc42 · 1y ago

OYO Plans To Launch 25 SUNDAY Hotels

SUNDAY Hotels, a brand owned by OYO, aims to open 25 new hotels in India by March 2025, with immediate launches planned in Gurgaon, Manesar, and Corbett. The brand, which is a joint venture between SoftBank Group and Oravel Stays, has already launched hotels in Jaipur, Vadodara, and Chandigarh since its inception in May 2023.

Blackstone sells US motel chain G6 Hospitality to Oyo in $525 million all-cash deal

Economic Times

Economic Times · 1y ago

Blackstone sells US motel chain G6 Hospitality to Oyo in $525 million all-cash deal

Oravel Stays, the parent company of Oyo, has announced its acquisition of G6 Hospitality for $525 million in an all-cash transaction. G6 Hospitality is the franchisor for Motel 6 and Studio 6, and the deal includes the acquisition of the Studio 6 hotel brand as well. Oyo, which entered the US market in 2019, aims to strengthen its international presence with this acquisition. The CEO of Oyo International stated that Motel 6's strong brand recognition and financial profile, combined with Oyo's entrepreneurial spirit, will pave the way for the company's sustainable growth.

Oyo parent Prism launches 'CheckIn' app for premium hotels, homes - The Economic Times

Economic Times

Economic Times · 2m ago

Oyo parent Prism launches 'CheckIn' app for premium hotels, homes - The Economic Times

Prism, the parent company of Oyo, has launched CheckIn, a new app targeting premium hotels and homes globally. This app will host luxury brands like SUNDAY Hotels and Palette, aiming at high-end travelers, while the existing Oyo app will cater to budget-conscious users. Initially piloted in India, CheckIn plans to expand worldwide. The initiative underscores Prism's commitment to providing quality and convenient access to diverse premium accommodation options, complementing its budget-friendly offerings.

OYO to Rename Its 'Corporate Brand' Ahead of IPO

OutlookIndia

OutlookIndia · 6m ago

OYO's founder, Ritesh Agarwal, announced plans to rename the corporate brand overseeing its business segments in preparation for an IPO. The change aims to establish a new global identity beyond hospitality. Existing brands like OYO Hotels and OYO Vacation Homes will retain their names. The company has invited community input for the new name. Despite previous setbacks, OYO is engaging banks to potentially list in 2026, reflecting renewed investor confidence amidst improved financial metrics.

A lot in a name? Indian business bloc has a brand new game

Economic Times

Economic Times · 2d ago

In India, companies are increasingly rebranding to stay relevant in a dynamic market. Zomato, renamed Eternal Limited, and Oyo, now under PRISM, exemplify this trend. Rebrands signal strategic clarity, aligning businesses with market changes and enhancing brand relevance for consumers and investors. While some consumers, like Zomato user Divyansh Dawar, remain unaffected by name changes, others see value in brand identity. The success of rebranding lies in building consumer trust and aligning with business goals.

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