𝗟𝗲𝗮𝗿𝗻 𝗮𝗯𝗼𝘂𝘁 𝗢𝗬𝗢 𝗣𝗿𝗲 𝗜𝗣𝗢 𝗦𝗵𝗮𝗿𝗲𝘀 | 𝗢𝗬𝗢 𝗨𝗻𝗹𝗶𝘀𝘁𝗲𝗱 𝗦𝗵𝗮𝗿𝗲𝘀 𝗥𝗲𝘃𝗶𝗲𝘄 | 𝗢𝗬𝗢 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗜𝗣𝗢

 𝗔𝗯𝗼𝘂𝘁 𝗢𝗬𝗢:

OYO, formerly known as Oravel Stays, was founded in 2012 by a young Ritesh Agarwal with the straightforward but audacious goal of revolutionizing the low-cost hotel industry in India. Motivated by his personal encounters with subpar quality in low-cost lodging, Agarwal recognized a chance to combine independent motels and create a uniform product line. With an initial emphasis on low-cost lodging, OYO Hotels & Homes quickly developed into a full-fledged hospitality chain.

The foundation of OYO's business strategy is its alliance with independent hoteliers. OYO brings these businesses under its purview by franchising or leasing properties, giving them access to its branding, marketing power, and operational know-how. Both travelers and hotel owners stand to gain from this. Travelers can count on OYO facilities to provide them with consistent quality, amenities, and hygiene at reasonable and predictable pricing. In contrast, hoteliers are able to compete more successfully because to OYO's strong booking platform, marketing tools, and revenue management capabilities.

OYO's incredible growth was propelled by this win-win strategy. OYO began as a single hotel in Gurugram, India, and swiftly spread around the nation before going global. It claimed to have more than 43,000 properties and one million rooms spread over 80 countries by 2020. There were difficulties with this quick growth. Overseeing quality control throughout such a large network and negotiating cultural quirks in various regions proved to be challenging. But OYO keeps coming up with new ideas and adapting, going so far as to break away from the hotel industry with its "OYO Life" brand, which targets extended-stay travelers.

OYO is now a symbol of the inventiveness and entrepreneurial spirit of India. With its enormous global reach and dedication to provide travelers dependable, reasonably priced accommodations, OYO has surely revolutionized the low-cost travel experience.

𝗥𝗲𝗰𝗲𝗻𝘁 𝗢𝗬𝗢 𝗣𝗿𝗲 𝗜𝗣𝗢 𝗦𝗵𝗮𝗿𝗲𝘀 𝗡𝗲𝘄𝘀:

According to persons with knowledge of the event, Oyo Hotels & Homes is completing preparations to remove the documents from the Securities and Exchange Board of India (Sebi). The company first submitted a draft application for an initial public offer (IPO) of more than $1 billion in October 2021. According to them, this practically puts an end to the hotel startup's intentions to go public.

One of the individuals stated, "The company has been discussing this (withdrawal) for some time now and it's near imminent... all key stakeholders have been informed." The individual also mentioned that Oyo has started talks with private market investors in order to raise additional funds over the course of the next six to eight months.

𝗢𝗬𝗢 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗜𝗣𝗢 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻:

In order to raise money of Rs. 8430 Cr., OYO filed the DRHP in September 2021. This amount consisted of an offer to sell Rs. 1,430 Cr. and 7,000 new equity share issuance. When SEBI rejected it, it was thought that the business would submit a revised DRHP in February 2023. Nonetheless, the DRHP, which indicated a decreased issue size of $400–600 million, was filed in advance in a private manner. The major goal of this amount is to pay off the company's current debt, and the entire amount is expected to be obtained through a primary issuance.

𝗢𝗬𝗢 𝗨𝗻𝗹𝗶𝘀𝘁𝗲𝗱 𝗦𝗵𝗮𝗿𝗲𝘀 - 𝗦𝗵𝗮𝗿𝗲 𝗣𝗿𝗶𝗰𝗲?

Every OYO share has a face value of ₹ 1. The price of an OYO share is ₹ 57. The IPO price range is not yet known. Share Price changes from time to time, please contact Planify to learn about the current share price of OYO. Contact at 70655 60002.

𝗛𝗼𝘁𝗲𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘁𝗮𝘁𝗶𝘀𝘁𝗶𝗰𝘀:

One of the major categories in the travel and tourism business that is expanding the fastest is the short-stay accommodation market. The market for short-term lodging includes stays in hotels, homes, guesthouses, bed & breakfasts, and campgrounds for visitors and travelers. Short-term lodging is defined as stays lasting up to one month.

From the standpoint of the consumer, use cases for these lodgings span from business to leisure stays, including even more recent popular stay use cases like workcations or staycations, in addition to on-demand use cases like get-togethers and weekend gateways, among others.

The short-stay accommodation market has grown significantly, mostly due to growth in the travel industry as a whole, rise in domestic travel, rising affordability, and expansion of new consumer use cases.

The COVID-19 pandemic had a major effect on the business since it resulted in worldwide lockdowns, a decline in consumer confidence, and limitations on travel for tourism-related purposes. However, the industry is expected to grow at a compound annual growth rate (CAGR) of 6.3% between 2021 and 2025. This growth is expected to be driven by the macroeconomic factors mentioned above as well as the industry's successful adaptation to changing customer preferences, which include, among other things, a greater emphasis on hygiene, increased brand trust, minimized contact through digital interventions, and newer vacation formats.

Customers pay for non-room services like food and drink, which are extra expensive on top of the room fee, as well as other incidentals that they spend on-site or close to the hotel while visiting.

According to a report by the Hotel Association of India shared exclusively with Mint, the Indian hotel business offers considerable growth prospects and is predicted to contribute $1,504 billion to the nation's GDP by 2047—a major rise from the $65 billion in 2022.

The short-stay accommodation markets in South East Asia (SEA) and India grew at 9.3% and 16.5% CAGR, respectively, prior to COVID-19 (FY15–FY19), whereas the short-stay lodging market globally increased at a 7.5% CAGR.

By the end of 2022, travel and tourism might add more than $450 billion to the GDP. In 2022, the contribution from travel and tourism could expand by an additional 30.9 percent ($480 billion) year over year.

According to Euromonitor International's Travel 2022 edition statistics, the market for short-term lodging has a steadily increasing online booking penetration rate, which is predicted to rise from 56% in FY20 to 61% by FY25.

In 2023, the hotels segment is expected to generate $7.66 billion in revenue. The market is predicted to reach a value of US$10.53 billion by 2027, with revenue set to increase at a compound annual growth rate (CAGR) of 8.29% from 2023 to 2027. It is anticipated that there will be 61.33 million users in the hotels segment by 2027.