Pandemic Hit OYO Like a 'Cyclone,' Says CEO

The video discusses the impact of COVID-19 on business operations, highlighting a significant drop in gross margin and the need for innovation. It explores travel trends influenced by vaccination rates, with a focus on markets like India, Southeast Asia, and Europe. The speaker details adjustments in the business model, including layoffs and software focus, and discusses financial strategies, including a $660 million raise and potential public offering. The future outlook emphasizes a shift towards online demand, staycations, and small holiday homes.

What innovations did the company implement to adapt to the challenges posed by COVID-19?

What changes in customer behavior does Brian Chesky anticipate for the future of travel?

What does Brian Chesky believe about the future of large hotels versus small holiday homes?