Airbnb invests in OYO

Airbnb investment in Oyo is an interesting shift as it means that Airbnb like Amazon is following the strategy of investing in the ecosystem and not limiting itself to creating its own franchisee of rooms. It may also mean that it will look at other travel companies in India. Especially as some of them like Yatra and all are already up for sale. Oyo is expanding rapidly into Asia and has even established a toe hold in China which is difficult for any company. Chinese market is difficult for western companies and Airbnb might ride Oyo into China too. #funding #india #airbnb

Shared housing giant Airbnb is investing in India’s ambitious no-frills lodging chain OYO. Both are flourishing in the world’s two largest emerging markets, each separately clipping at the heels of established operators. In my column for Reuters Breakingviews, I explain the likely benefits of joining forces for this alternative hotels duo. How do you think this partnership will develop? Follow Reuters Breakingviews on LinkedIn for more agenda-setting financial stories. #Tech #Airbnb #OYO #Hospitality https://bit.ly/2HPzuIb

Not surprising to see Airbnb moving into the hotel space. Lots of crossover happening now in both directions as hotel and home rentals borrow business models.

Airbnb gets busy before its IPO. After buying out Hotel Tonight, it’s now a strategic investment in OYO. Interesting to see how it will incorporate what is considered as their competition in their platform #business #travel #distribution #funding

Smart move for both OYO and Airbnb. Congratulations Ritesh Agarwal, Abhinav Sinha and team. #innovation #hospitalityindustry