Follow OYO in one place. This hub gathers the latest news, funding and expansion around the India-born budget hotel and travel-tech group, curated from trusted sources. Track one of hospitality’s most disruptive and fast-moving brands.
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ILHA Announces INSPIRE 2026 Conference in Orlando with Keynotes from Marriott and Club Med Executives
16 July 2026🏨 December 15–16, 2026, Orlando, Florida will host ILHA INSPIRE 2026 at JW Marriott Bonnet Creek Resort & Spa. The conference expects 900–1,000 attendees from the luxury hospitality industry. Keynote speakers include Tina Edmundson of Marriott International and Hermann Elger of Forbes Travel Guide. Discussions will cover luxury hotel strategy, AI, sustainability, and more. Registration is open at ilha.org/inspire.
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Major Hotel Groups Reach Record 2.5 Million Rooms in Development by 2025, Driven by Luxury and Upper-Upscale Segments
8 July 2026🏨 By year-end 2025, major hotel groups reached a record with nearly 2.5 million rooms in development, half under construction. The luxury segment grew 8%, led by the Middle East, especially Saudi Arabia. Asia-Pacific saw 230,000 new rooms, with China’s urban centers dominating. The Middle East plans to expand from 500,000 to 800,000 rooms by 2030. Notably, Hilton, Marriott, and IHG showed significant portfolio growth. Jin Jiang is expanding in the Middle East and India amid restructuring.
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Prism to List on Bombay Stock Exchange by Year-End, Secures $150 Million Pre-IPO; Reports €650M Revenue
1 July 2026💰 Prism, OYO’s parent company, is set to list on the Bombay Stock Exchange by year-end, having raised $150 million through a pre-IPO placement. Founder Ritesh Agarwal and SoftBank hold two-thirds of the company. In fiscal 2025/2026, Prism reported €650 million in revenue and €70 million in profit. It ranks as the sixth-largest global hotel group, operating 32,750 hotels with 950,000 rooms. The US market, led by G6 Hospitality, significantly boosts profitability.
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Club Med and VICI Properties to Redevelop Carambola Beach Resort in St. Croix, Opening in Late 2027
15 June 2026🏖 Club Med and VICI Properties plan to redevelop Carambola Beach Resort in St. Croix, USVI. Following VICI’s acquisition, they will lease to Club Med for a 150-key resort. Originally built in 1986, the renovation aligns with sustainability goals, targeting BREEAM and Green Globe certifications. Expected to begin in summer 2026, reopening is set for Q4 2027. The project aims to create around 200 direct jobs and stimulate economic growth in the region.
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G6 Hospitality CEO Sonal Sinha Steps Down; Nikhil Heda and Anuj Ladha Promoted to Key Leadership Roles
12 June 2026📈 G6 Hospitality, based in Dallas, Texas, announced the departure of CEO Sonal Sinha, who played a crucial role in stabilizing and integrating the company. Nikhil Heda is promoted to country head, and Anuj Ladha to national head of brand performance, both aiming to grow the Motel 6 and Studio 6 brands in the U.S. Ankit Tandon, vice chairman, will increase U.S. presence to support growth, leveraging Heda’s 20+ years and Ladha’s 5+ years in hospitality.
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IHG Surpasses One Million Rooms Worldwide as Oyo Climbs Rankings Amid Wyndham’s Setbacks in China
9 June 2026🏨 IHG surpasses a million rooms, joining the top hotel groups globally. Notably, Oyo, with its American acquisition G6, rises three spots, surpassing Accor. In 2025, Wyndham lost 68,000 rooms in China after contract issues with Tian Rui, impacting its global ranking. Meanwhile, Accor retains its 7th position. Hyatt’s new deal with Dossen Group aims to boost its presence in China. Jin Jiang and BTH’s growth is steadying, indicating maturity.
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Revo Hospitality Group Liquidates, 175 Properties in Germany and Austria Up for Bids; Oyo’s Parent Among Bidders
2 June 2026🏨 Revo Hospitality Group, operating 175 properties mainly in Germany and Austria, filed for insolvency in January at the Charlottenburg District Court, Berlin. At its peak, Revo managed up to 250 hotels. By June, the group faced full liquidation, with 450 staff in Berlin made redundant. Administrators are marketing 120 contracts to five selected bidders from over 100 offers. Prism, Oyo’s parent, and Aroundtown are speculated to be among these bidders.
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Ontario Airport Hotel to Rebrand as Hyatt Regency Ontario After Renovation Completion in December 2026
1 June 2026🏨 Ontario, California—The Ontario Airport Hotel & Conference Center will rebrand as Hyatt Regency Ontario after a renovation, completing in December 2026. Located near Ontario International Airport, the hotel will offer 295 revamped rooms and 22,000 square feet of meeting space. The signature restaurant, Lozano, will feature Mediterranean cuisine with global influences. Guests will enjoy a new design inspired by the Monarch butterfly and access to a large heated outdoor pool. The hotel remains operational during renovations.
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Hyatt Centric City Centre Kuala Lumpur Opens in 2024, Showcasing Heritage-Inspired Design by Silverfox Studios
28 May 2026🏨 Hyatt Centric City Centre Kuala Lumpur opened in 2024 at Menara Hap Seng complex. 🏨 Designed by Silverfox Studios, this 22-storey hotel blends lush green architecture with a historical nod to Kuala Lumpur’s tin-mining past. 🌿 Part of Hyatt’s fastest-growing brand, spanning 51 hotels worldwide, it caters to “savvy” travelers. 🌍 Features include graffiti by Jefr, biophilic architecture, and a rooftop bar @21 with an infinity pool. 🌆 Surrounded by 24 luxury hotels, it emphasizes cultural authenticity.
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Inspire Entertainment Resort in Incheon Attracts 9 Million Visitors in First Year with Winter Wonderland Event
26 May 2026🎄 Incheon, December 2023: Inspire Entertainment Resort’s Winter Wonderland at Yeongjong Island dazzles with a 150-meter LED Santa Village. Hosting 9 million guests since opening, it offers a 15,000-seat arena and a 6,611 m² art hall. From December 20-25, enjoy parades, concerts, and special dining. A 50% international clientele features a strong Asian presence. Anticipate the “Cheers to 2026” event on December 31, complemented by themed parties and a casino for global appeal.
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JLL Arranges $103.5 Million Financing for Hyatt Regency Ontario Repositioning with Tax-Exempt Bonds
18 May 2026💰 JLL Capital Markets arranged $103.5M in tax-exempt bond financing for the Hyatt Regency hotel in Ontario, CA. National CORE, the borrower, acquired the hotel in August 2024. The redevelopment will reduce rooms from 309 to 295, including large suites, restaurants, and facilities, near Ontario International Airport. The hotel’s location is within reach of developments totaling over $10B. The hotel’s transformation aligns with National CORE’s vision, supported by innovative financing strategies involving tax-exempt bonds.
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Meaningful Conversation with Mark Fancourt Highlights Travel With Meaning at ITB Berlin
4 May 2026🌍 Attended ITB Berlin, where engaging conversations occurred, notably with Mark Fancourt. These interactions highlighted the essence of “Travel With Meaning,” reminding the author of their purpose. #itbberlin #travelwithmeaning #travelstories
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Marriott International and Hilton Lead Luxury Hotel Groups with Thousands of Properties Across the Globe
2 May 2026📍 Marriott International, headquartered in Bethesda, Maryland, operates nearly 8,000 properties across 138 countries. Hilton Hotels & Resorts boasts over 6,700 hotels globally and was named one of the World’s Best Workplaces in 2021. Jinjiang International in Shanghai owns several well-known properties and offers specialized training. Accor operates 5,200 properties in 110 countries. Wyndham Hotels & Resorts, headquartered in New Jersey, is the world’s largest hotel franchisor with 9,000 locations worldwide.
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HOTELS Magazine to Host Webinar on Enhancing Profit Margins with Spend Data in Hotel Procurement
30 April 2026📅 May 13th, 1:00 PM EST, Online Zoom: Join HOTELS Magazine’s webinar, “The Digital Layer of Procurement: Turning Spend Data Into Profitability.” Experts Debbie Shepard, Rachel Dabrowa, and Kirk Pederson will discuss enhancing hotel procurement through spend visibility, benchmarking, and guided insights. Topics include increasing contract compliance, reducing cost leakage, and making smarter substitutions. With profit margins under pressure, this event offers solutions to boost efficiency and profitability. Register for free!
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Hotel Equities Adds Three Properties to Management Portfolio in Ontario, Florida, and Texas, Expanding North American Presence
28 April 2026🏨 Hotel Equities announced management of three properties: TownePlace Suites by Marriott in Woodstock, Ontario, opened March 26, 2026, near the Toyota plant; Reflections Hotel, Ascend Collection in Kissimmee, Florida, set to open fall 2026 near Walt Disney World; and Courtyard by Marriott Dallas DFW Airport North/Irving in Texas, recently renovated, expanding their Dallas-Fort Worth presence to seven properties. Each location targets corporate and leisure markets.
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Gisborough Hall Appoints Vicki Jackson as Spa Director Ahead of Sakura Spa Launch in Summer 2026
28 April 2026🌴 Gisborough Hall appointed Vicki Jackson as spa director in North Yorkshire, 2026. She joined in 2017 as business development manager. The new Sakura Spa, opening this summer, includes a vitality pool, herbal sauna, salt steam room, Finnish sauna, and six treatment rooms. Koyo, an on-site dining space, will offer light dishes. Bookings open on 19 May 2026, with facilities available from mid-August.
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Ankit Tandon Appointed Vice Chairman of G6 Hospitality, Expanding Leadership Team with Key Appointments in Operations and Development
27 April 2026📄 PRISM in Dallas, Texas, announces key leadership changes. Ankit Tandon, global COO, becomes vice chairman of G6 Hospitality, joining the Board with CEO Sonal Sinha. Anuj Ladha is named national head of brand performance, overseeing both East and West regions. Bhanu Mahajan leads U.S. and Canada operations, reporting to Tandon. Ankit Lahoti takes charge of development, openings & strategy, reporting to Sinha, focusing on growth across the U.S.
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Marriott Marquis Houston Completes Renovation of 1,000 Guestrooms and 150,000 Sq Ft of Event Space
31 March 2026🏨 Marriott Marquis Houston has renovated its 1,000 guestrooms and 150,000 sq. ft. of meeting/event space. Located in downtown Houston, it features updated interiors and unique art reflecting the city’s identity. The hotel links to the George R. Brown Convention Center, gearing up for events like the World Baseball Classic and FIFA World Cup 2026. It boasts a rooftop infinity pool, Texas-shaped lazy river, six dining venues, and easy access to nearby attractions.
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Parvus Asset Management Increases Stake in Accor to 11.97%, Denies Seeking Control Amid Controversy
30 March 2026💰 Parvus Asset Management increased its stake in Accor to 11.97% of capital and 10.23% of voting rights as of this week. Previously, it held 10.8% on December 31 last year. Accor’s share price faced volatility after a report alleging misconduct, which Accor denies and is investigating. Accor plans to use proceeds from selling its 30.6% stake in Essendi for a €450m share buyback. Accor is also exploring investment opportunities in India.
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Prism Renames From OYO, Acquires Motel 6, Signals Potential India IPO Amid Strategic US-India Split
24 March 2026📈 Prism, formerly OYO, is led by CEO Ritesh Agarwal, who is focusing on a U.S.-India business strategy, highlighted by the acquisition of Motel 6. The company emphasizes affordable, extended stays with Studio 6, contrasting with the industry’s shift toward upscale offerings. Prism is enhancing its budget hotel experience via tech advancements. An IPO in India is being considered, linked to the travel market’s growth in the region.
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2025 Travel and Mobility Tech VC Funding Drops to $13.2 Billion, Lowest in a Decade, Despite AI Growth
5 March 2026🛫 🛫 Travel and Mobility Tech venture capital funding in 2025 reached $13.2 billion USD, the lowest in a decade. Fewer than 400 deals occurred, marking a third of 2018’s activity. Investors favored late-stage startups, with over 50% of deals, highlighting a preference for “safe bets”. Airalo, an eSIM provider, raised $220 million USD, becoming the first eSIM unicorn. AI-focused travel startups maintained funding parity with broader markets, driven by autonomous driving and customer service automation.
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PRISM-owned STR brand gains 10 former Sonder properties
26 February 2026🏠 Belvilla, a PRISM-owned brand, secured 10 U.S. properties from Sonder’s bankruptcy proceedings, entering key markets like New York, New Orleans, and Denver. Operations began in Long Island City and New Orleans. The expansion reflects a strategic, economics-led approach with plans for future growth. Belvilla manages over 60,000 homes in Europe, while PRISM, its parent company, projects USD 280 million earnings for FY 2026, with operations spanning multiple continents.
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Prism Acquires 10 Sonder Properties to Bring Belvilla Brand to U.S.: Exclusive
26 February 2026🏠 Belvilla, a European vacation rental company owned by Prism, has expanded into the U.S. by acquiring leases for 10 properties during Sonder’s bankruptcy proceedings. Three properties are operational: The Dutch and Court Square in Long Island City, Queens, New York, and The Louie Hotel in New Orleans. These operate under Belvilla’s upscale brand, Belvilla District 6. U.S. bookings aren’t on Belvilla’s site yet but are available on Oyo’s platform with “Belvilla District 6” rebranding.
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G6 Hospitality to “reduce engagement” with AAHOA
25 February 2026🛌 G6 Hospitality, parent of Motel 6 and Studio 6, is reducing its involvement with AAHOA immediately due to concerns about AAHOA’s focus on economy hotels. G6, acquired by OYO (now PRISM) in 2024, follows previous actions by Choice Hotels in 2023 and Marriott in 2022. G6 attempted alignment but found governance and policy issues unresolved, leading to this decision. AAHOA represents nearly 20,000 members owning 60% of U.S. hotels.
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The future of luxury hospitality: who will stand out, and why ?
20 February 2026🏨 The luxury hotel market, worth $112.4 billion in 2025, is projected to hit $219.1 billion by 2035, with a 7.7% annual growth rate. Economy hotels’ revenue per room dropped 1.8% through August 2025, while luxury saw a 5.3% rise. In 2025, Four Seasons was the most admired hotel group, and Mandarin Oriental ranked top luxury brand. Rosewood Hong Kong was named the world’s best hotel. Total US hotel labor costs reached $127 billion in 2025, up 15.3% since 2019.
