Business Travel News’ Post

OYO targets Rs 2,000 Cr EBITDA in FY26✨ The acquisition of Motel 6 and Studio 6 brands strengthens OYO’s North American footprint and accelerates growth across global markets. OYO Read More - https://lnkd.in/dztBp4Kb #hôtel #hoteldesigner #hoteldesigns #flagship #hotelliving #restaurantweek #bevarages #hotelierlife #hoteliernews #restaurantsupply

What makes Eagle Mill Bed & Breakfast different? We have invested in brand new buildings and the luxurious environment feels more hotel-like. All the rooms are within the Eagle Mill grounds so guests don’t have to go into someone’s house and they don’t have to be quiet, so we probably have the edge as far as those points are concerned. Without being pretentious, we’re probably offering more luxury than most. One of the things we've learnt is that it’s easier to be a Bed and Breakfast than it is to be a hotel, because they have so many things to get right but also to get wrong. Someone might go to a hotel and have a wonderful night’ sleep but then have a bad breakfast, or experience poor customer service. People will not dwell on the good, they’ll focus on the parts of their stay that they didn’t enjoy. That’s the beauty of running a Bed and Breakfast – we manage the standards from the moment our guests arrive, to their departure.

A Historic Day for OYO & the Hospitality Industry 🏨🌎 Today, we celebrate a monumental milestone as OYO officially closes the acquisition of G6 Hospitality, the parent company of the iconic Motel 6 and Studio 6 brands. With this acquisition, OYO not only expands its U.S. footprint but marks a new era of growth. Motel 6, one of America’s most recognizable lodging brands, has been a cornerstone for budget-conscious travelers for over 62 years, with 1,500+ locations across the U.S. and Canada. At OYO, we are bringing together the best of two powerful worlds: ✅ G6's unmatched brand legacy and vast network across North America. ✅ OYO's proven strengths in technology and revenue management capabilities, backed by our solid global presence and robust shared services team in India. This synergy will redefine what’s possible in the budget-hotel segment, delivering exceptional value for travelers and partners alike. We believe this moment will be remembered as a game-changer in OYO’s journey toward global leadership in hospitality. This is just the beginning of an exciting road ahead! Many Congratulations to the whole OYO team including the leadership team- Ritesh Agarwal Gautam Swaroop Ankit Tandon Dinesh Ramamurthi Rakesh Prusti Abhinav Sinha Anuj Tejpal Rakesh Kumar Sonal Sinha Nikhil Heda Article reference- https://lnkd.in/eHpjQYMT #OYO #Motel6 #G6Hospitality #InnovationInHospitality #GlobalGrowth

The secret key lies in strawberries! Find out why...   Think of your hotel rooms like strawberries. If you only sell them in standard boxes, you're missing out on a whole world of possibilities! Just like when we picked strawberries, we didn’t just eat them raw—we made marmalade, a cake, smoothies, a dessert, even a fruit bowl... and okay, there may have been some vodka involved too. 😉   The real fun came from the flexibility of picking them ourselves and transforming them into different experiences.   It’s the same with your real-estate based guest experiences. Start with the smallest unit, and package them up to create diverse experiences that appeal to different guests.   And remember, a room category is not the lowest denominator of your real-estate asset.  

Let's talk mattress runs! Basically, a mattress run involves booking a hotel stay that you don’t need because the value outweighs the cost. For example, Mike stayed 6 nights at Hyatt Place Makassar, earning 6,345 points worth $152, plus 6 elite nights, earning him an FNA. Want to learn more about how you can use mattress runs to your advantage? Check out today's newsletter 👇 https://lnkd.in/eHn8Pam8

🏨 Motel 6 Sold to Oyo: A New Chapter for an Iconic Brand 🚪 In a significant move for the hospitality industry, Oyo, the Indian hotel giant, has agreed to acquire Motel 6 for $525 million. This acquisition marks a strategic step in Oyo’s U.S. expansion plans. Here are the key details: 🏨 About Motel 6 * Established: 62 years ago in Santa Barbara, California. * Brand Recognition: One of America’s most recognizable budget lodging brands with approximately 1,500 locations in the U.S. and Canada. * Name Origin: Initially offered rooms for just $6 a night. 💼 Transaction Details * Seller: Blackstone, which purchased Motel 6 in 2012 for $1.9 billion. * Expected Closing: Q4 2024. * Financial Impact: Blackstone has tripled investors’ capital, generating over $1 billion in profit from the sale. 🌍 Oyo's Growth Journey * Founded: About a dozen years ago, rapidly becoming one of the world's largest hotel chains. * Current Presence: Operates 320 hotels across 35 states in the U.S. * Recent Challenges: Faced setbacks due to COVID-19 and quality control issues but has refocused its efforts on U.S. growth. 📈 Future Plans * Integration: Motel 6 will operate as a separate entity under Oyo’s management. * CEO Insight: Gautam Swaroop emphasized the brand's strong recognition and financial profile as key assets for future growth. 📊 Market Context * Economy Hotel Trends: The U.S. hotel industry is currently facing challenges, including declining occupancy and stagnant room rates. * Average Room Rate: Economy-class hotels averaged $79 per night in August 2024, a slight decline from the previous year but up 14% compared to five years ago. * Future Outlook: Analysts expect a modest improvement in 2025, driven by infrastructure spending and increased demand from traveling construction crews. 🔑 Why This Matters * This acquisition reflects Oyo's ambition to strengthen its footprint in the U.S. and adapt to changing market dynamics. * Budget hotel chains like Motel 6 are well-positioned to capture market share through loyalty programs and online visibility, even as the economy segment faces pressures. As Oyo ramps up its presence in the U.S. market, the future looks promising for Motel 6 and its budget-conscious travelers. 🌟✨ https://lnkd.in/gscwzvu2

How to fix your Waiter Attitude: Awareness https://lnkd.in/eeqPnCi #waiter #waitress #finedining #resaturant #hotel #waitertraining

Article of The Week: By Kate King | WSJ | Sept. 20, 2024 Blackstone agrees to sell one of America’s most recognizable lodging brands for $525 million. Motel 6, one of America’s most recognizable lodging brands, has a new owner after an India-based hotel giant has agreed to buy it for $525 million. Oyo, the new owner, said on Friday it is making the acquisition as part of its plans for ramping up its U.S. expansion. Motel 6 has provided beds to budget-conscious travelers of America’s highways for the past 62 years. The brand, with about 1,500 locations across the U.S. and Canada, takes its name from its original nightly rate of six dollars. New York investment firm Blackstone BX -1.45%decrease; red down pointing triangle, which acquired Motel 6 in 2012, is the seller. The sale is expected to close in the fourth quarter. Oyo was founded about a dozen years ago. The budget-hotel operator expanded rapidly to become one of the world’s largest hotel chains. Venture capitalists helped fuel that growth, in particular SoftBank Group 9984 2.51%increase; green up pointing triangle. In 2019, the Japanese venture firm led an investment round of more than $1 billion that valued Oyo at $10 billion. Read More: https://lnkd.in/eN7A8rXr

Mexico - Ventus Ha marina elcid : think again. Staying Sept 26, 2024 - Oct 3rd 2024. Today is 2nd day - Sept 27, 2024 This is my 3rd visit. I bring my friends’s couple. My story is… Bad customer service - nobody listen to you. AC not working on Ventus Ha - hotel (32 degree and hot), give me an option to stay marina elcid : which is not payed for the stay. This is totally unacceptable. At least better room at different building or same grade room at Ventus not marina Elcid old small far away room from me. If this thing didn’t changed or make right, I’ll never comeback and let all my effort to make this story know public. So disappointed… and the room I got bed smells from bedding, pillow covers, room. Hotel put dehumidifier in my room - not working. 1 more thing September is low season - only some restaurant often. This make it limited option for dining. Which is totally different from internet. And explain to me only rooms available lowest grade room - really??? Hopefully manager do some work to make this place better.

An idli can be: 10 rupees at a street food stall, 50 rupees at a local restaurant, 100 rupees at a mid-range hotel, and 300 rupees at a luxury resort. Though the idli remains the same, its value shifts depends on where it is being served. Imagine yourself as that idli. If your prospects undervalue or refuse your price, something’s not right. Don’t lose heart. Choose a different platform, niche or strategy and notice the difference. Try to become the idli served at luxury resorts — you will feel the shift! Post inspiration - Vedika Bhaia #linkedingrowth #personalbranding #linkedinghostwriter