Airbnb makes play for Oyo investment

TR Number
Date
2019-03-20
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Journal ISSN
Volume Title
Publisher
Hotel Management
Abstract

ust days after announcing its plans to acquire travel app HotelTonight for more than $400 million, home-sharing giant Airbnb apparently is setting up another major investment.

The company has cast its eyes on Indian hotel-management startup Oyo, according to tech website The Information, and is looking to acquire a significant stake for what could be between $100 million and $200 million.

An Oyo spokeswoman told the site that the company “is working closely with a range of global distribution partners such as Airbnb and other regional and global players,” and that none of these relationships are “exclusive in nature.”

Description
Keywords
investment, Airbnb, startups, markets
Citation