OYO Doubles Down on US Expansion, on Track to Add 250 New Hotels in 2024 [Yahoo! Finance]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: Yahoo! Finance
The company aims to add more than 250 hotels in the US in 2024. Last year the company added ~100 hotels in the US, taking the total count to over 320 hotels. This expansion will focus on some new as well as existing markets including Miami, New York City, San Francisco, San Jose, Boston, New Jersey, Las Vegas, Los Angeles, Manchester, Orlando, and San Diego. OYO was launched in the U.S. in 2019 and since then, has established a presence in over 35 states. “We are seeing tremendous interest from hotel owners to partner with OYO as we have demonstrated our ability to drive significant revenue uplift for our hotel partners. Our operational expertise allows us to rapidly scale and deliver an exceptional experience for guests across the country, while also driving strong financial results for our hotel partners,” said Gautam Swaroop – CEO OYO International. Nikhil Heda, Head of Business Development – OYO US added, “We have seen strong growth potential in major markets in the US such as
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- 5/15/24 - Form 424B2
- C's page on the SEC website