Thursday, November 16, 2023

OYO Plans to Repay Debt Prior to IPO

  • IHG Hotels & Resorts ventures into Thailand’s Golden Triangle with luxury properties, while Courtyard by Marriott Bangkok undergoes extensive renovations. Six Senses opens a new resort in the Maldives, and Accor expands its portfolio across the Pacific region.
  • OYO plans to alleviate debt through a buyback process before its long-anticipated IPO, while Indian Hotels Company inaugurates Ginger Mumbai Airport and Sarovar Hotels & Resorts debuts in Gujarat.
  • Atmosphere Core introduces new hires and strategic shifts in the Maldives, emphasizing culinary strategies and upcoming projects across various brands and locations.

STR reported China lodging data for the week ended November 11th. China hotel RevPAR was up 50% for the week, year over year, up against a +17.5% comp in the year ago. When compared with the same week in 2019, RevPAR was down -11.7%. IHG Hotels & Resorts and Asset World Corp Public Company Limited […]