- 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.
Reported Airbnb deal would put Oyo into disruptor space
1 April 2019 3:12 PM GMT