Indian online travel biggies delist, spin off budget hotels into separate businesses

Indian online travel biggies delist, spin off budget hotels into separate businesses

While start-ups such as OYO Rooms have received large amounts, their revenue potential is unclear, and the entry of OTAs will add more competition in an unproven business. Photo: Pradeep Gaur/Mint

Online travel agencies (OTAs) such as MakeMyTrip, Yatra and Goibibo are launching their budget hotel businesses, putting them in direct competition with Softbank-backed OYO Rooms and Tiger Global-funded Zo Rooms and potentially triggering consolidation among the start-ups.

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