OYO Hotels worth Calculation by SoftBank
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Oyo's worth will now only be $2.7 billion, according to SoftBank.
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    Oyo's worth will now only be $2.7 billion, according to SoftBank.

    23 September 2022

    According to reports cited by Bloomberg on Thursday, Japan's SoftBank has reduced the value of OYO Hotels on its books by more than 20%. The downgrade occurs as the hotel aggregator plans to go public early in the following year.

    The largest shareholder in OYO, a Japanese investor, reduced its projected value for the company from $3.4 billion to $2.7 billion in the June quarter after comparing it to rivals with comparable operations, according to the article. OYO's valuation in a 2019 investment round had surpassed $10 billion.

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