What Oyo’s Latest Results Say About the Business of Budget Hotels


An Oyo hotel property in Dubai’s Deira neighborhood. Skift

Skift Take: The business of budget hotels is obviously hard when you consider Oyo’s latest financial report. But the startup, now five years in operation and bankrolled by SoftBank, appears to have the stamina to reach the breakeven point in the next few years.

— Raini Hamdi

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