Introduction: OYO’s Travelopedia 2024 Reveals India’s Travel Trends
In OYO’s latest annual report, Travelopedia 2024, the data reveals fascinating trends in India’s travel scene. While spiritual tourism continues to attract pilgrims, it’s the bustling city of Hyderabad that has claimed the top spot as India’s most-booked city this year. Whether for leisure or work, travelers seem to…
In a world where personalized travel experiences are in high demand, 30 Sundays is using cutting-edge AI technology to reshape how we plan our vacations. The AI-first travel agency, founded in 2022, has just secured $770,000 in a pre-seed funding round to expand its reach and improve its AI-powered services. Led by InfoEdge Ventures, the round also saw participation from early-stage investors like…
OYO’s parent company, Oravel Stays, is set to purchase G6 Hospitality, the owner of Motel 6 and Studio 6 brands, from Blackstone Inc. for $525 million in an all-cash deal.
This acquisition marks a significant step for OYO, which has been expanding its presence in the U.S. since launching there in 2019. Currently, OYO operates over 320 hotels across 35 states and added nearly 100 hotels to its…
Engine, previously known as Hotel Engine, has secured $140 million in Series C funding led by a private equity firm advised by Permira, boosting its valuation to $2.1 billion. This marks a significant 62% increase from its prior valuation of $1.3 billion following a $65 million Series B round in late 2021.
This growth comes amid a challenging environment where many startups are facing flat or…
Yatra Online Ltd has announced the acquisition of Globe All India Services Ltd (Globe Travels) from Ramkrishna Forgings Ltd for ₹128 crore, aiming to enhance its corporate travel services and drive growth. The acquisition, expected to finalize this quarter, will expand Yatra’s corporate client base by 40%, adding 360 new companies to its existing roster of approximately 850.
This strategic…
