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.
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.