Skip to content

Search

Human content, AI powered search.

Latest Stories

Bloomberg: OYO defers third IPO attempt

The company first filed to go public in 2021

OYO defers third IPO attempt
OYO is delaying its third IPO attempt amid opposition from its largest shareholder, SoftBank, with plans to list by March 2026 at a $7 billion valuation, according to Bloomberg News.
Photo credit: OYO
Vishnu Rageev R.
By Vishnu Rageev R.May 05, 2025
Vishnu Rageev R.

Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

See Full Bio

OYO, THE INDIAN travel technology firm, is delaying its third IPO attempt amid opposition from its largest shareholder, SoftBank, and market volatility, according to Bloomberg News. The company now plans to list by March 2026 at a valuation of $7 billion.

SoftBank does not support OYO’s plan to list in October and has urged the company to delay its offering until its earnings improve, Bloomberg News reported.

The company first filed to go public in 2021, seeking a valuation of up to $12 billion. It revived the plan in March 2023 with a confidential filing to SEBI but delayed the issue in May. OYO is led by CEO Ritesh Agarwal, also chairman of G6 Hospitality, the parent of Motel 6 and Studio 6.

The company faces a challenging market, with President Donald Trump’s tariff policies sapping investor appetite for risk. SoftBank’s Vision Fund holds a larger stake in OYO than founder Agarwal’s 30 percent holding.

Agarwal had pushed for a quick IPO to meet terms of a restructured $2.2 billion loan he secured in 2019 to increase his stake, the report said. The loan, personally guaranteed by SoftBank founder Masayoshi Son, had its first installment due in December.

However, SoftBank may back an extension for Agarwal in exchange for delaying the IPO, Bloomberg News reported.

OYO, which reported its first annual net profit in the year ended March 2024, expects to nearly triple it to $74 million in the following year, an OYO spokesperson said.

Meanwhile, OYO is entering the food and beverage business with in-house kitchens and quick-service restaurants at its Townhouse by OYO hotels nationwide, expecting the initiative to generate an additional 5–10 percent in revenue per hotel on a stabilized basis.



g6 hospitalityindian travel technologyipo attemptmarket volatilityritesh agarwalsebisoftbanktariff policiestownhouse by oyovaluationmasayoshi sonsoftbank founder masayoshi sonsoftbank vision fundindian hospitality industryoyo valuationoyo newsipo oyosoftbank stake in oyooyo ipo

Related News

Hilton Union Square and Parc55 sale news
Hotel Realtor

Two large SF hotels near sale

Homewood Suites Houston Acquired by Partners Capital
Hotel Realtor

Partners Capital acquires Houston Homewood Suites

Brand Loyalty Programs See Decade-Long Growth in Study
Hotel Realtor

Study: Brands, loyalty programs see decade of growth

More for you

IHCL and Ambuja Neotia unveil $240M plan for 15 luxury hotels in India by 2030
IHCL

IHCL, Ambuja plan 15 new hotels in India

Summary:

  • IHCL and Ambuja Neotia Group aim to develop 15 new hotels across West Bengal, Sikkim and Himachal Pradesh.
  • The projects are expected to be completed by 2030.
  • The expansion aims to boost tourism in East and North-East India.
INDIAN HOTELS CO. Ltd. recently signed a new agreement with the Ambuja Neotia Group to develop 15 additional hotels across West Bengal, Sikkim and Himachal Pradesh. Ambuja will invest approximately $240 million toward executing the projects.

The IHCL and Ambuja Neotia partnership will open Taj resorts in Sunderban and Darjeeling, West Bengal; Shimla, Himachal Pradesh; and Rabong, Sikkim. They will build SeleQtions hotels in Kolkata, West Bengal and Siliguri, West Bengal. A Tree of Life hotel will be built in Lataguri, West Bengal. The expansion will include a mix of greenfield, brownfield and conversion projects, PTI reported.

Keep ReadingShow less
Skill Council and Lalit Suri Hospitality School starts hospitality training in India

Skill council, school take on hospitality training in India

Summary:

  • The Tourism and Hospitality Skill Council and The Lalit Suri Hospitality School signed an MoU to improve hospitality education.
  • The collaboration reflects a broader push to invest in youth training and workforce readiness in India’s hospitality sector.
  • It aims to provide domain knowledge, hands-on training and certifications for domestic and international careers.

THE TOURISM AND Hospitality Skill Council and The Lalit Suri Hospitality School recently signed a memorandum of understanding to improve the quality and reach of hospitality training in India. The collaboration reflects a broader push to invest in youth training and workforce readiness in the sector.

Keep ReadingShow less
Baruasagar Fort and Raja Rani Mahal restored as luxury heritage stays by Neemrana Hotels in India
Photo credit: ANI

Neemrana to restore heritage sites in UP, MP

Summary:

  • Neemrana Hotels is working with Uttar Pradesh and Madhya Pradesh to restore heritage sites.
  • The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.
  • Neemrana aims to convert them into “revenue-generating non-hotels.”

INDIA’S NEEMRANA HOTELS recently signed agreements with the governments of Uttar Pradesh and Madhya Pradesh states to restore and adapt heritage structures under a public-private partnership. The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.

Keep ReadingShow less
Tata Launches Asset-Light Platform for IHCL via Tata Sons
Ginger Hotels

Report: Tata launches asset-light platform for IHCL

SUMMARY:

  • Tata Sons launched a hospitality platform for Indian Hotels Co. Ltd., enabling revenue-share operations on group-owned assets.
  • The first asset on the platform is a Ginger hotel near Kolkata airport.
  • IHCL is set to reach 400 hotels by the end of July and targets 700 by 2030.

TATA SONS LAUNCHED a new hospitality platform to support Indian Hotels Co. Ltd., enabling it to operate group-owned hotels on a revenue-share model while staying asset-light. The first project under this initiative is a 195-room Ginger hotel under construction near Kolkata airport.

Keep ReadingShow less
Welcomhotel Prayagraj exterior view with heritage-inspired architecture
Photo credit: ITC Hotels

India's ITC Hotels profit jumps 53 percent in Q1

Summary:

  • ITC Hotels posted record quarterly profit and revenue in the first quarter of fiscal 2026, with revenue up 20 percent to $103.2 million and profit up 53 percent to $16.08 million.
  • The portfolio has grown to more than 200 hotels, with 143 operational and 58 in the pipeline.
  • Welcomhotel Prayagraj, ITC’s seventh property in Uttar Pradesh, includes 60 rooms and banqueting space.

INDIA’S ITC HOTELS posted its highest-ever quarterly profit and revenue in the first quarter of fiscal year 2026, with consolidated revenue up 20 percent to $103.2 million and profit rising 53 percent to $16.08 million, according to a Times of India report. Meanwhile, ITC launched Welcomhotel Prayagraj in Uttar Pradesh, bringing its total to seven properties in the state, with six more in the pipeline.

Keep ReadingShow less
Asian Hospitality Logo
© Copyright 2025
Contact Us