External Article 2 May 2019
Having raised so much money, it’s not surprising to see Oyo splashing the cash. We should expect further acquisitions as it pushes for global scale.
Fast-growing Oyo Hotels & Homes is furthering its global expansion plans with the acquisition of Amsterdam-based vacation rental company @Leisure Group for $415 million (€369.5 million).
In 2018, @Leisure Group reported $150 million (€133.2 million) in revenue with a profit (EBITDA) of $27.9 million (€24.8 million). Tobias Wann, @Leisure Group’s CEO, will join OYO’s leadership group as CEO, Vacation Homes.