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Why does cheap lodging need to be subsidied by VCs? I didn't realize OYO was such a big company, but I've booked some rooms through them and it seems like it's
by JCharante 7y ago
Why does cheap lodging need to be subsidied by VCs? I didn't realize OYO was such a big company, but I've booked some rooms through them and it seems like it's just another booking source like booking.com or tripadvisor. The hotels had different names in person than on OYO and the only OYO thing about them was their shampoo bottles.
- rchaud 7y agoThey're trying to become a sole-source supplier of hotel rooms. Same with WeWork, and Airbnb. The middleman, taking a cut of every sale, while shifting all the risks to the consumer and the hotelier. Great gig if you can get it.