Reported Airbnb deal would put Oyo into disruptor space
Oyo's rooms may soon be available on Airbnb's platform, further blurring the line between hospitality and home-sharing.
- Fool's Day gag: Just days ago, rumors were buzzing that Airbnb had cast its eyes on Indian hotel-management startup Oyo Hotels & Homes, and was looking to acquire a stake in the fast-growing company.
- While Oyo and Airbnb have operated in much the same space up until now-affordable and localized accommodations-Oyo has been focusing more on traditional hospitality options, including logistics and management, rather than aggregating budget hotels.
- In a statement, Maninder Gulati, global chief strategy officer at Oyo Hotels & Homes, said Airbnb's existing global footprint and access to local communities would open up new opportunities for Oyo, which already is expanding into the Middle East and Europe.