Hospitality firm OYO s India business is now EBITDA positive and the company is earning the same gross profits globally in dollars since January 2021 as it did in the pre-Covid period, the firm s founder and Group CEO Ritesh Agarwal told employees in an e-mail on Wednesday. OYO is on a steady path of resurgence in 2021 and we are seeing signs of recovery across India, Europe, and Southeast Asia. OYO s survival through the Covid crisis and our resurgence show that we are a company with strong fundamentals and high value potential, the e-mail accessed by PTI says.
OYO earned the same money since January 2021 as it did in the pre-Covid period. This is a very big achievement and demonstrates demand recovery and results of a revenue-share-only-network, he added.
ANI | Updated: Jan 28, 2021 22:50 IST
New Delhi [India], January 28 (ANI/NewsVoir): OYO Hotels & Homes, the world s leading chain of hotels and homes, has announced new appointments and elevations across its global leadership in verticals including technology, supply, and product. These developments are aligned with the company s commitment to delivering an enhanced customer, partner, and employee experience as it emerges as a resurgent brand in 2021.
Elevates leaders across geographies, including India, South Asia, China, Europe, SEAME Welcomes Ankit Mathuria as the new Chief Technology Officer; Ankit succeeds Anil Goel, who helped build OYO s tech prowess from the ground up and will continue to counsel OYO as an advisor Gautam Swaroop to lead as CEO for OYO International. He will be partnered by Prasun Choudhary as the President for OYO International will represent OYO challenger markets