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Treebo Hotels is headquartered in [[Bengaluru]], [[India]].<ref>{{Cite web|title = Treebo Hotels raises Rs 112 crore in new funding round|url = http://economictimes.indiatimes.com/small-biz/money/treebo-hotels-raises-rs-112-crore-in-new-funding-round/articleshow/53328368.cms|accessdate = 2016-07-22}}</ref><ref>{{Cite web|title = Treebo Hotels: Improving customer experience by using technology|url = http://www.moneycontrol.com/video/features/treebo-hotels-improving-customer-experience-by-using-technology_8095701.html|accessdate = 2016-07-22}}</ref> In mid-2018, online travel agency MakeMyTrip dropped Treebo from their listings which led to a major hit on their revenues. They had to lay off 70-80 employees.<ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/internet/treebo-lays-off-70-80-employees/65097721|title=Treebo lays off 70-80 employees - ETtech|last=www.ETtech.com|website=ETtech.com|language=en|access-date=2018-09-01}}</ref>
Treebo Hotels is headquartered in [[Bengaluru]], [[India]].<ref>{{Cite web|title = Treebo Hotels raises Rs 112 crore in new funding round|url = http://economictimes.indiatimes.com/small-biz/money/treebo-hotels-raises-rs-112-crore-in-new-funding-round/articleshow/53328368.cms|accessdate = 2016-07-22}}</ref><ref>{{Cite web|title = Treebo Hotels: Improving customer experience by using technology|url = http://www.moneycontrol.com/video/features/treebo-hotels-improving-customer-experience-by-using-technology_8095701.html|accessdate = 2016-07-22}}</ref> In mid-2018, online travel agency MakeMyTrip dropped Treebo from their listings which led to a major hit on their revenues. They had to lay off 70-80 employees.<ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/internet/treebo-lays-off-70-80-employees/65097721|title=Treebo lays off 70-80 employees - ETtech|last=www.ETtech.com|website=ETtech.com|language=en|access-date=2018-09-01}}</ref>

'''Recent Development'''

[[OYO Rooms]] with the inventory 10000+ hotels, is in talks to acquire much smaller rivalry [[Treebo Hotels]] <ref>{{Cite web|url=https://www.inventiva.co.in/2018/12/23/oyo-reportedly-in-talks-to-acquire-rival-treebo-hotels/|title=OYO Reportedly in Talks to Acquire Rival Treebo Hotels-|last=www.inventiva.co.in|website=www.inventiva.co.in|language=en|access-date=2018-12-23}}</ref>


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{{India-company-stub}}

Revision as of 08:35, 5 January 2019

Treebo Hotels
FounderSidharth Gupta, Rahul Chaudhary, and Kadam Jeet Jain
Founded atIndia
HeadquartersBengaluru
ServicesHotels
Staff
12000+ employees
Websitewww.treebo.com

Treebo Hotels is an Indian budget hotel chain and hospitality service that operates on franchising.[1][2] As of April 2018, Treebo Hotel has over 400 hotels in 80 cities in India.[3][4][5]

It was founded in June 2015 by Sidharth Gupta, Rahul Chaudhary, and Kadam Jeet Jain with the aim of providing high-quality hospitality in the otherwise unorganized and fragmented budget segment of the Indian hospitality industry.[6][7] Treebo Hotels aims to be a budget hotel brand as opposed to competing aggregators and networks like OYO Rooms.[8]

Treebo Hotels is headquartered in Bengaluru, India.[9][10] In mid-2018, online travel agency MakeMyTrip dropped Treebo from their listings which led to a major hit on their revenues. They had to lay off 70-80 employees.[11]

Recent Development

OYO Rooms with the inventory 10000+ hotels, is in talks to acquire much smaller rivalry Treebo Hotels [12]

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References

  1. ^ "800+ Properties, 80+ Cities, 3 Years: Why Treebo Credits Its Success To 'DNA Of Guest Service'". Retrieved 10 November 2016.
  2. ^ "These online budget hotel startups swear by the full inventory model'". Retrieved 25 September 2016.
  3. ^ "Expect gross booking value to rise five-fold in two years, says Treebo Hotels' Gupta". Retrieved 14 February 2017.
  4. ^ "Most people running hotels are not career hoteliers or professionals, but businessmen, says Sidharth Gupta, co-founder of Treebo Hotels'". Retrieved 12 September 2016.
  5. ^ "Treebo Hotels eyes 1,500 properties in 150 cities by 2018". Retrieved 12 September 2016.
  6. ^ "India's Treebo Hotels raises $17 million for its budget hotel network'". Retrieved 22 July 2016.
  7. ^ "Saif & Matrix Invests $6 Mn In Ex-Myntra Executive Tech Enabled Hotel Chain Startup Treebo'". Retrieved 23 June 2015.
  8. ^ "We are not an aggregator, we are a budget hotel brand: Sidharth Gupta'". Retrieved 16 September 2015.
  9. ^ "Treebo Hotels raises Rs 112 crore in new funding round". Retrieved 22 July 2016.
  10. ^ "Treebo Hotels: Improving customer experience by using technology". Retrieved 22 July 2016.
  11. ^ www.ETtech.com. "Treebo lays off 70-80 employees - ETtech". ETtech.com. Retrieved 1 September 2018.
  12. ^ www.inventiva.co.in. "OYO Reportedly in Talks to Acquire Rival Treebo Hotels-". www.inventiva.co.in. Retrieved 23 December 2018.
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