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Havish Gupta

Inactive for a week ... • 1y

OYO is Now Profitable. In the latest Quarter, OYO reported a profit of 30 Crore Rs. And this is impressive with considering the fact that during Covid, it losses had hit almost 12,000 crore. But how did they did this? 1) firstly they closed more than 40% of their loss making hotels 2) They moved from minimum revenue to profit sharing model for the hotels reducing their fixed cost 3) they have started targeting premium customer with launch of Pallette. And they are now also trying to go for IPO this year. This is One of the best turnaround stories! What do you all think of this?

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i think oyo is making a very big mistake. according to sources they plan to apply for couples only entry in all partnered hotels. This can give them free Marketing but on the business side they may backfire. if they only allow couples then normal

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