OYO to post positive EBITDA this financial year, predicts Moody's

OYO to post positive EBITDA this financial year, predicts Moody's

The logo of OYO, India's largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

Credit ratings agency Moody’s Investors Service said Indian hotel aggregator OYO Hotels and Homes Pvt Ltd remains on track to turn EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) positive, in the current fiscal year, buoyed by a strong demand recovery and various cost reductions.

Edited by: Pramod Mathew

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter