Oyo Promotes Executive to Board to Aid Growth Efforts
Looks like Oyo is taking a more sustainable approach to global growth rather than simply looking to boost hotel numbers at any cost. But will the new board appointment lead to a discernible change in strategy?
Oyo Hotels & Homes, the SoftBank Group Corp.-backed startup that's built up a large chain of branded hotels and vacation homes around the world, has elevated a key executive to the board to help it focus on profitability and quality control.
Oyo Hotels & Homes, the SoftBank Group Corp.-backed startup that's built up a large chain of branded hotels and vacation homes around the world, has elevated a key executive to the board to help it focus on profitability and quality control.
Aditya Ghosh, who had served as Oyo's chief executive officer for India and South Asia, is stepping up to a board position and will be succeeded by Rohit Kapoor, the company's current new real estate businesses chief. On the board of directors, Ghosh joins founder and group CEO Ritesh Agarwal, SoftBank Vision Fund Managing Partner Munish Varma and recent addition Betsy Atkins, an early investor in Yahoo and EBay Inc, among others.
Before joining Oyo a year ago, Ghosh headed up India's leading budget airline Indigo. He is now set to focus on sustainability and the path to profitability, Oyo said in a statement on Monday. Ghosh will oversee a wide portfolio of business areas, spanning safety and security, customer experience, corporate governance, revenue management and stakeholder communications.