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Business Standard
06-06-2025
- Business
- Business Standard
Oyo to expand to 300 cities by FY26, eyes doubling booking revenue
IPO-bound global travel tech platform Oyo on Friday said it plans to accelerate company-serviced hotel expansion in FY26. It expects to double the booking revenue from its company-serviced properties from 22 to 44 per cent in this period, while also increasing its presence from 124 cities to over 300 cities across India. Currently, the platform has more than 1,300 company-serviced hotels in the country, including Townhouse, Capital O, Palette and Townhouse Oak-branded hotels, the popular mid-segment brands for the company. It is eyeing 1,800 company-serviced hotels by FY26, compared to around 900 in FY25. Oyo is focusing on leisure cities, pilgrimage destinations and business corridors, where demand remains strong for expansion. A few cities in the pipeline include Mohali, Faridabad and Jalandhar in the north; Cuttack, Asansol and Darjeeling in the east; Mangalore, Kollam, Port Blair and Kasaragod in the south; and Bhilwara, Vapi, Junagarh and Jalgaon in the west, the company added. Speaking on the expansion plan, Varun Jain, Chief Operating Officer of the company, said: 'The programme is in line with Oyo's strategic focus for 2025 for the India market, which aims to drive profitability by enhancing the overall guest experience. These hotels record a higher customer rating of 4.6, compared to the overall average of 4.0. The occupancy rate of these hotels is also 2.7 times higher than other hotels. Their consistent focus on quality service also drives a repeat customer rate that is 1.3 times higher than the rest. The superior ratings reflect better service standards, well-maintained facilities and a seamless guest experience, which results in stronger guest loyalty and repeat stays in our hotels.' Oyo initially introduced company-serviced hotels in FY23. During that period, they contributed less than 2 per cent of its booking revenue.
CNBC
29-05-2025
- Business
- CNBC
Does APR matter if I pay off my credit card each month?
If you've ever owned a credit card before, chances are you're familiar with the term "APR," or annual percentage rate. For specifically credit cards, your purchase APR is essentially your interest rate, or the cost of borrowing money. But for those cardholders who pay their balance off on time and in full every month, their APR really doesn't matter. Let's see how managing your credit card payments can help you avoid interest entirely. Credit cards often have a few different types of APRs, but purchase APR is what many people are referring to when they talk about a credit card's interest rate. Purchase APR is essentially how much it costs to borrow money, which is what you're doing each time you use your card. For any borrowed funds that you don't pay back on time, your bank will charge you interest on the amount that remains unpaid. For example, if you had an unpaid statement balance of $1,000 on a card with a 20% APR, you would be charged an additional $16.57 in interest for that one billing cycle. You can see how credit card balances quickly balloon the longer they go unpaid. To find your card's APR, look at your monthly billing statement or contact your card issuer. Offers in this section are from affiliate partners and selected based on a combination of engagement, product relevance, compensation, and consistent Debt Relief has resolved over $19 billion in outstanding debts since 2002. It offers free credit card debt relief in 2011, Accredited Debt Relief has helped clients resolve over $1 billion in debt. Your purchase APR doesn't really matter if you pay your statement balance on time . Many credit cards have a grace period, which is the time between when your billing cycle ends and when your payment is due. Since credit cards only charge interest on outstanding balances, if you pay off everything you bought with your card for that period, you won't owe any interest. While grace periods are not required to be offered by cards, if they are, they must be for a minimum of 21 days. Paying off your card's balance on time and in full each month isn't just a good financial habit that can save you money on interest, but it also means you're maximizing the value you get from rewards. Let's look at a card like the Capital One Venture Rewards Credit Card, which comes with 5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel and no foreign transaction fees. If you pay off your card's balance each month, you'll avoid the nearly 30% APR on purchases and balance transfers (!) and it also makes perks like an up to $120 credit for Global Entry or TSA PreCheck that much more valuable. It's a real $120 credit; if you were also paying interest on a balance, it effectively cancels out, or subtracts from, that credit you're getting. Good to Excellent670–850 19.99% - 29.24% variable $95 Earn 75,000 miles Terms apply. Read our Capital One Venture Rewards Credit Card review. The Capital One Venture Rewards Credit Card has a reasonable annual fee and earns flexible travel rewards, which makes it a great travel card for beginners or heavy travelers.$0 at the Transfer APR, 4% of the amount of each transferred balance that posts to your account at a promotional APR that Capital One may offer to you None We can apply the same thought process to a cash-rewards card like the Wells Fargo Active Cash® Card. With this credit card, you can earn a flat-rate 2% unlimited cash rewards on purchases while paying no annual fee. If you use this card and pay your bill on time and in full each month, you're essentially getting 2% cash rewards of what you spend back to you for no extra fees. On Wells Fargo's site On Wells Fargo's site Good to Excellent670–850 19.24%, 24.24%, or 29.24% Variable APR $0 Earn a $200 cash rewards bonus See rates and fees. Terms apply. The Wells Fargo Active Cash® Card is great if you want simplicity thanks to its flat-rate 2% unlimited cash rewards on purchases and $0 annual balance transfer fee of 3% for 120 days from account opening, then up to 5%, min: $5 3% Remember that rewards and welcome bonuses on new credit cards are really most valuable when you pay your credit card on time and in full every month. If you find yourself carrying credit card balances month to month, it's something you should address ASAP. It's likely that your credit card's APR is the highest interest rate you're being charged out of all your debts so it should be prioritized. Cut out other spending, like monthly subscriptions, until that balance is paid off entirely. And if it's a sizable amount of credit card debt, consider a balance transfer card where you transfer your outstanding balance to a credit card that has an introductory zero-interest period. That gives you time to make payments to your balance without accruing more interest. With the Citi Simplicity® Card, for example, you'll have a 0% intro APR for 21 months on balance transfers from date of account opening — nearly two years — to pay off your debt entirely (after, 18.24% to 28.99% variable APR). An intro balance transfer fee of 3% of the amount you transfer ($5 minimum) applies to transfers you make in the first four months, after that a fee of 5% of the amount you transfer applies ($5 minimum). Receive a 0% Intro APR for 21 months on balance transfers and for 12 months on purchases from date of account opening. Good to Excellent670–850 18.24% - 28.99% variable $0 None See rates and fees. Terms apply. Read our Citi Simplicity® Card review. The Citi Simplicity® Card may not earn rewards, but it can still save you money due to its amazing intro-APR offers. There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5). 3% Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every credit card article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of credit card products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
