Press Release
OYO Doubles Down on US Expansion, on Track to Add 250 New Hotels in 2024
–News Direct–
Global travel technology company, OYOs US operations today announced plans to significantly expand its footprint in the United States. The company aims to add more than 250 hotels in the US in 2024. Last year the company added ~100 hotels in the US, taking the total count to over 320 hotels. This expansion will focus on some new as well as existing markets including Miami, New York City, San Francisco, San Jose, Boston, New Jersey, Las Vegas, Los Angeles, Manchester, Orlando, and San Diego. OYO was launched in the U.S. in 2019 and since then, has established a presence in over 35 states.
We are seeing tremendous interest from hotel owners to partner with OYO as we have demonstrated our ability to drive significant revenue uplift for our hotel partners. Our operational expertise allows us to rapidly scale and deliver an exceptional experience for guests across the country, while also driving strong financial results for our hotel partners, said Gautam Swaroop CEO OYO International.
Nikhil Heda, Head of Business Development OYO US added, We have seen strong growth potential in major markets in the US such as Florida, Nevada and California to site a few. With the company wide focus on sustainable growth, coupled with introduction of new tech-integrated business solutions to support the ever-evolving needs of our valued patrons, OYO is well poised to expand it footprint across the US in the months to come. As a matter of fact, we have been consistently adding more than a 1000 SRNs (Sellable Rooms Nights) every month. The eventual objective is to ensure that every 1 in 10 hotels in the US can proudly associate itself with the OYO brand.
The company recently reported that it has outpaced the budget hotel industrys per room revenue (RevPar) growth in 2023. While OYO's per room revenue witnessed a ~17% growth in 2023, the budget hotel segment in the USs per room revenue saw a 9% decline y-o-y in 2023, according to the STR report. Occupancy rates across OYO hotels in the US surged by ~9% y-o-y in 2023, whereas Average Room Rate (ARR) recorded 7% growth in 2023 as compared to 2022.
OYO recently announced that it has partnered with Stripe to ease the payment experience for its customers and hotel owners in the US. The integration will provide hotel owners with a flexible and seamless solution for in-person payments with Stripe Terminal at their hotels. OYO hotels in the US will also be enabled with real-time payouts through Instant Payouts with Stripe, which will improve their cash flow.
OYO also announced the launch of a virtual front desk solution for its partner hotels in the US. The self-check-in technology is integrated with smart lock systems, allowing guests to enjoy keyless entry and exit without the need for physical key cards. Round-the-clock virtual front desk powered by ChatGPT reduces front desk operations expenses by ~60%, saving an average OYO hotel ~$30,000 annually. The virtual front desk supports 80+ languages and promptly assists guests in their preferred language, addressing queries and concerns in real-time. Additionally, the system automates payment collection, streamlining the entire process for a hassle-free experience.
OYO has presence in over 35 countries globally. It owns a vacations home business in Europe called OVH (OYO Vacation Homes) which operates legacy brands such as DanCenter and Belvilla.
About OYO: OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 168,711 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of September 30, 2022. For more information, visit here
Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the Equity Shares) and has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled Risk Factors. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.
Contact Details
Anupriya
+91 97911 63065
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/oyo-doubles-down-on-us-expansion-on-track-to-add-250-new-hotels-in-2024-154378316
OYO
COMTEX_451718467/2655/2024-05-01T09:58:34
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
ELONXCAT Token Presale: The First Multichain SpaceX & X led by Elon Musk Meme Coin Revolution on Binance Smart Chain
The pre-sale of ELONXCAT tokens on its website and pink sale has been announced to take place on November 1st, 2024, and ending on November 30th, 2024. Experts believe that ElonXCat is poised to become the next big thing in meme tokens, offering early backers the opportunity to join a fast-growing community that can bring significant rewards with long-term potential.
About ElonXCat Token
ELONXCAT is the first multi-chain memecoin themed around ELONMUSK, his company SpaceX and X(formerly Twitter). ELONXCAT came together as close insiders and people who share in their success to start the project. ELONXCAT is the first SpaceX, X, Elonmusk & CAT Meme token built on a multichain network spanning BNB, Ethereum, Polygon, Solana, and Tron. ELONXCAT is a meme coin that blends humor, community, and true value in a way that sets it apart from the sea of ordinary Elon meme coins. they are a movement designed to create a strong, engaged community while offering real utility within the crypto space.
ELONXCAT provides multi-chain with unique technology. token-to-token transactions will be possible freely through the X Bridge. Through a bridge technology called X, which was created with special technology, multi-chains will be supported, and tokens from various chains will be traded freely.
Why ElonXCat Token?
ElonXCat stands out from other meme tokens for several reasons:
– Built on Binance Smart Chain (BSC): Leveraging BSC’s low transaction fees and fast speeds, ElonXCat ensures a smooth and affordable trading experience.
ELONXCAT is different from other trendy meme coins. There have been many meme coins like dogs, cats, and frogs. However, ELONXCAT is different.
Some of the unique features of ELONXCAT that sets it apart from the crowd:
1. Most notable are Elon Musk, SpaceX and X-themed meme coin
Elon Musk and his company X, SpaceX is the first company to encompass all three. This is not a trend of the moment but rather one that will grow with these companies for a long time. When X is doing well, SpaceX is doing well. When there is good news for Elon Musk, this coin can react. The upside for this coin is endless. This coin is not just a trendy coin. It has been meticulously designed for a very long time.
2. Unique homepage design and high-quality photos and videos
Compared to other meme coins, the design level of this coin’s homepage is truly unparalleled. This is a quality that has never been seen on any other meme coin homepage. They are all ELONXCAT team members themselves. The ELONXCAT company team posts videos and photos of exceptional quality on Twitter and Instagram every day. Their high design level indirectly shows the potential of this team. Fans cheer and support them for their amazing designs and video production skills. And they trust them.
Most meme coin homepages have designs that can be made in just a day or two. Also, if you look at their official Twitter account, it is full of low-quality GIFs and photos, but ELONXCAT’s official channels upload high-quality images and videos. They are a team on a different level in terms of design.
3. Unique Multi-Chain Bridge ‘X’ Technology
Our proprietary technology called ‘X’ supports this multi-chain. X supports chain migration functionality, allowing ELONXCAT holders to move freely between the best cryptocurrency chains. ELONXCAT is a Meme token built on a multi-chain network spanning BNB, Ethereum, Polygon, Solana, and Tron. ELONXCAT strives to unite the cryptocurrency meme community and become a pioneer in multi-chain utility. ELONXCAT is to have our name shine on every DEX, every CEX, and everywhere else. Leveraging X’s superior bridging technology that graces the 5 most active blockchains other than Bitcoin, $ELONXCAT becomes seamlessly multi-chain in just a few clicks, with almost no gas fees to worry about. X will continue to expand this multi-chain in the future.
4. Steady growth potential through donations to SpaceX
Elonxcat coin is a meme coin themed around SpaceX. They plan to donate development funds to SpaceX after the project is successful. They will work with SpaceX led by Elon Musk and further develop X. As SpaceX and X grow, ELONXCAT will continue to grow. SpaceX and X will constantly receive attention from people around the world, and naturally, ELONXCAT will also receive attention. ELONXCAT’s growth potential is limitless.
5. The most unique and meaningful campaign
Their community is very strong. Subscribe to their Twitter to get real-time updates and join their Telegram group to get the same information and Also, the AIRDROP service is being prepared It will be on the website within a week.
6. The Strongest Community
This project is the first meme coin themed around SpaceX and X led by Elon Musk. Holders of this meme coin are enthusiastic users of X. And they are people who like SpaceX. ELONXCAT is a meme project themed around SpaceX, the most notable social platform in the world, and X, the most used social platform. Their community members are growing exponentially over time. They all support SpaceX and X, and the more successful SpaceX and X become, the more holders they will have.
Join ELONXCAT on social media:
Telegram: https://t.me/ELONXCAT
To learn more about ELONXCAT, visit: https://elonxcat.com/
Media Contact:
Company Name: ELONXCAT
Contact Person: Jaden, Founder of ELONXCAT
Email: contact@elonxcat.com
Website: elonxcat.com
City: Panama City
Country: Panama
There are only 5 days left until the pre-sale begins. Come into the community! Buy it right away!
An airdrop event is currently underway on the official website and the presale ends on November 30th.
Website | https://elonxcat.com
Buy Presale
The presale will begin on a grand scale on the official website on November 1st.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Christina Taft Takes a Stand for Witnesses and Artists Affected by Hollywood Power Players
Los Angeles, California, 24th October 2024, ZEX PR WIRE, Christina Taft, CEO of Rescue Social Inc., has taken a bold step in advocating for those wronged by powerful figures in Hollywood. Filing a federal case in the U.S. District Court for the Central District of California (Taft v. Paul Barresi and Adam Waldman, Case No. 5:24-cv-01930-TJH-DTB), Taft is calling for protections for witnesses and former clients, particularly in the entertainment industry, where coercion and intimidation often go unchecked.
The complaint alleges that Hollywood fixers Paul Barresi and Adam Waldman engaged in a scheme to manipulate and intimidate individuals within the film, music, and arts sectors. Taft, an entrepreneur, videographer, and humanitarian from Hawaii, claims the defendants’ actions have harmed witnesses, former clients, competitors, and herself, causing emotional distress and professional damage.
Advocating for Justice and Integrity in the Arts
Christina Taft, whose family has long-standing ties to Hollywood’s Golden Era, has dedicated her career to public safety and the protection of vulnerable individuals in the arts. Her organization, Rescue Social Inc., works to create transparency and accountability across various industries, including film and music, where the power dynamics often leave smaller players vulnerable.
In the lawsuit, Taft alleges that Barresi and Waldman orchestrated a series of unlawful actions designed to silence witnesses and suppress testimony. This scheme, which allegedly began in April 2020 and continued into 2024, involved harassment, exploitation of audio recordings, and financial manipulation. The impact on Taft’s work—especially her efforts to improve public safety systems in entertainment—has been significant.
Calling for Legislative Change
In addition to seeking relief for herself and others affected, Taft is advocating for new legislation in California to protect individuals from harassment and coercion. She is pushing for laws that mirror those already in place in New York, which offer stronger protections for witnesses and small businesses facing intimidation related to legal proceedings.
“We need to protect those who stand up for the truth, especially in industries where power and influence can silence important voices,” said Taft. Through this case, she aims to raise awareness about the lack of protections for witnesses and drive changes in California law that will benefit many.
Championing Public Safety After Personal Loss
Taft’s commitment to public safety is deeply personal. After losing her mother, Victoria Taft, a former socialite and model, in the devastating 2018 Paradise, California wildfire, Taft became passionate about improving safety systems for individuals in high-risk situations. Through Rescue Social, she works with interns from Chicago and other collaborators to analyze cases and implement solutions that protect people in the arts from harassment and exploitation.
Taft hopes this case will shine a light on the ongoing challenges faced by individuals in the entertainment industry and spur much-needed reforms.
Seeking Accountability
Taft’s lawsuit also demands accountability from Barresi and Waldman for their actions, which allegedly caused lasting harm to individuals within the entertainment sector. The case is currently pending in the U.S. District Court, Central District of California, Eastern Division. A trial date has not yet been set.
More information about the complaint can be found here.
Lucy Hana
Public Safety and Victims
+1 757-744-2527
email us here
Disclaimer: The above content is for informational purposes only and is neither endorsed nor promoted by us. The purpose of this release is not to defame or discredit any individual or entity. Please conduct your own research and due diligence before engaging with any platform or service.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Felix Markets Signed Official Sponsorship Agreement with Levante UD: A Powerful Combination of Football and Finance
Felix Markets, a company known for its solutions related to global financial markets, has taken an important step in the world of sports. The company brings football and finance together with its sponsorship agreement with Levante UD, one of Spain’s well-established football clubs. This cooperation creates strategic opportunities for both parties and lays the foundations of a new partnership in the world of sports and finance.
Significance of the Sponsorship Agreement with Levante UD
Felix Markets has signed a sponsorship agreement with Levante UD football club, becoming the club’s official sponsor. With this agreement, Felix Markets, in addition to being the sponsor of Levante UD, gets a wide visibility on the club’s digital platforms and social media accounts. This sponsorship aims to increase the awareness and impact of the brand by reaching the club’s fan base.
Levante UD is a club that competes in Spain’s La Liga and has a strong fan base, reaching a large international following. For FelixMarkets, this sponsorship deal offers a great opportunity not only to promote the brand, but also to create new opportunities by collaborating with the club’s large and loyal fan base.
The Meeting of Football and Finance
The sponsorship between Felix Markets and Levante UD is an important collaboration that combines the universal appeal of soccer with the professionalism and dynamism of financial markets. Football is a sport watched and passionately followed by billions of people around the world. This sponsorship allows Felix Markets to join the ranks of brands with a strong presence in the financial world.
Through this collaboration, Felix Markets, which reaches a wide audience through the influence of football, aims to meet with Levante UD fans and raise awareness of financial services and the world of investment. This sponsorship agreement provides significant strategic benefits for both parties: FelixMarkets will strengthen its global promotion, while Levante UD will support the club’s financial structure by increasing sponsorship revenues.
Sponsorship Strategy: Globalization of the Brand
Felix Markets’ sponsorship agreement with Levante UD stands out as an important step forward in increasing the brand’s recognition on a global level. As football speaks a universal language, such sponsorship deals offer brands the opportunity to expand their influence in international markets. Felix Markets’ collaboration with Levante UD is part of this strategy.
Felix Markets will be present at Levante UD’s matches, digital and social media platforms, aiming to reach the club’s global audience. With this collaboration, the brand will be promoted not only in Europe but also in different parts of the world. Felix Markets, which meets with a large audience of football, will contribute to the promotion of financial services to a wide audience by reaching the fans.
Investing in the Future: The New Frontiers of Sport and Business
Felix Markets’ sponsorship deal with Levante UD opens the doors for new collaborations at the intersection of sports and finance. When the global impact of sport and the professionalism of finance come together, a great synergy can be created for both brands and audiences. This sponsorship will not only create a strong impact in different areas in the world of sports and finance, but will also enable both brands to invest in the future.
Through its sponsorship with Levante UD, FelixMarkets aims to reach not only the club’s fans, but also a wider audience in the sports world. Fans will start to gain financial awareness through this sponsorship and show interest in different areas of sports while watching the club’s matches.
A New Beginning
The sponsorship agreement between Felix Markets and Levante UD symbolizes the combined power of soccer and finance. This strategic collaboration will both increase the global awareness of Felix Markets and provide an additional financial support to Levante UD. In the future, such sponsorships are expected to become even more common and strategic collaborations between different brands are expected to increase.
Through this collaboration with Levante UD, FelixMarkets aims to open the doors of a new era in the world of sports and create a wider sphere of influence in the global market by taking advantage of the universal appeal of football. This sponsorship will consolidate the success of both brands and offer great opportunities for the future.
Start Forex Trading with Felix Markets.
Media Details:
Company Name: Felix Markets LTD
Contact Person: Milos Zemunovic
Contact E-Mail: milos@felixmarkets.com
Country: United Kingdom
City: Solihull
SOURCE: Felix Markets LTD
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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