\"A hotel can't give you the flavour of local life that homestays can,\" says Ankur Varman, AVP - Institutional Equity sales at SBI Capital Markets

In his new role at the board, Aditya will focus on five key areas, including safety and security, customer experience, corporate governance, revenue management and stakeholder communications

Ritesh Agarwal-led hospitality startup posted a five-time jump in its total expenditure at Rs 9,027.53 crore in FY19 compared with Rs 1,835.38 crore in FY18

Hundereds of hotels have severed relations with Oyo following several conflicts. The hospitality chain has denied such reports, calling the numbers incorrect and inflated

A hotelier, who owns Roxel Inn, has alleged that the firm did not pay rent for rooms for the past five months

With the latest round of investments worth $1.5 billion in Oyo Hotels and Homes, the homegrown chain has caught everyone's attention

The rooms-aggregator-turned-hotel-chain OYO, in a press statement, said that a significant part of the funds will be diverted towards continuing growth in OYO's fastest-growing US market, in addition to strengthening the start-up's position in the vacation rentals business in Europe.

As part of its Series F funding round, RA Hospitality Holdings will infuse around $700 million as primary capital in the company, while existing investors SoftBank Group, Lightspeed Venture Partners, Sequoia India will invest the remaining $800 million

Oyo charges hotels a roughly 20% franchise fee on room revenues when hotels join its network, but some Indian hotel operators say the startup often ends up taking half or more of revenues through fees that were not initially disclosed.

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From starting up as an aggregator of alternate accommodation, OYO's ambition changed midway in its journey to become an alternate hotel company that would own, lease and manage properties.

LinkedIn top startups in India: Health and fitness startup Cure.Fit has retained its second spot. The startup hit USD 100 million in revenue within 3 years of its inception.

Last month,OYO had said it will invest 300 million pounds (over Rs 2,390 crore) in the vacation homes business in Europe, with a special focus on strengthening the relationship with homeowners and enabling them with the resources required to deliver chic hospitality experiences

Oyo, along with Highgate, reportedly shelled out nearly $135 million to buy the Hooters Casino Hotel on the Las Vegas strip