Oyo's valuation reached $4.6 billion after Nuvama Wealth's recent share acquisition. Founder Ritesh Agarwal also bought back shares. The company's profitability continues to improve, projecting a threefold increase in net profit for FY2025 after acquiring G6 Hospitality. Oyo reported its first-ever profit in FY2024 and saw increased revenue in Q2 FY2025.
A total of 10,286 hotels or 1,001,865 hotel rooms in operation as of June 30, 2024.Hotel turnover1 increased 15.5% year-over-year to RMB23.4 billion in the...
A total of 9,817 hotels or 955,657 hotel rooms in operation as of March 31, 2024.Hotel turnover1 increased 21.1% year-over-year to RMB19.7 billion in the...
Operator: Good day and thank you for standing by. Welcome to the H World Quarter 2, 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.
Operator: Good day and thank you for standing by. Welcome to the H World Q4 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The hospitality industry is not just one of the largest industries in the world, it is also one of the most important in driving tourism which is crucial to the economy of many countries.
NEW YORK, March 26, 2021 /PRNewswire/ -- Ucommune International (Nasdaq: UK) is China's leading coworking community operator, manager, and services provider.