Oyo Raises $660 Million | Travel News

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JoinMyTrip has got you covered! In today's Travel News, Oyo recently raised $660 million from global institutional investors to pay off debt and invest in product technology.

Here are the most important travel news from around the world, and also any big company news we would like to share with you. Watch our daily YouTube Travel News Show, so you can stay informed every day. If you happen to have missed the previous episode, make sure to check it out too!

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19th of July 2021 

 

Greece desperately needs a strong tourism season

Greece has always been very ambitious when it comes to its travel restrictions compared to other countries in Europe. Tourism accounts for a 5th of the Greek economy.  Owing to the pandemic, now the country desperately needs a strong season this year following a collapse in visitor numbers and revenues. But now, there was no music and no dancing on Greece’s famed party island Mykonos as it’s hit by late night curfews to halt the Covid-19 spread of the disease. 

 

Oyo raises $660 million

Oyo is an Indian startup operating a discount hotel network in its core markets of India, Europe and Southeast Asia. The company recently raised $660 million from global institutional investors to pay off debt and invest in product technology.

 

The U.S. reviews when it can lift restrictions that ban most-non U.S. citizens

The U.S. is reviewing when it can lift restrictions that ban most-non U.S. citizens from traveling to the U.S. from much of Europe after German Chancellor Angela Merkel raised the issue.

 

WTTC expresses concerns due to the lack of governments’ coordination to agree on list of approved COVID-19 vaccines

The World Travel and Tourism Council (WTTC) has expressed its concerns that the lack of governments’ coordination to agree on a list of approved COVID-19 vaccines could continue to block the restart of international travel.

 

Source: Skift, SchengenVisaInfo.

 

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