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Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/
May 25, 2023 06:00 AM Eastern Daylight Time
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News ReleaseRipken Baseball® to Host All-Ripken Softball Games in Elizabethtown, Kentucky from July 27-30
Ripken Baseball
Ripken Baseball®, the leader in youth sports events and facilities, has expanded its All-Ripken brand by creating All-Ripken Softball. The inaugural All-Ripken Softball Games will attract top youth softball players nationwide to compete at The Ripken Experience® Elizabethtown in Kentucky from July 27-30, 2023. Softball players must be nominated by their peers and coaches for the opportunity to train the Ripken Way, compete against elite young athletes, and participate in a world-class youth softball experience. As part of the 4-day event, participating players will receive instructional opportunities led by professional softball players from the Florida Vibe. The All-Ripken Softball players will also witness the Florida Vibe and Team Alliance take the field to play head-to-head in the Softball Exhibition Series, which is scheduled to take place at Elizabethtown Sports Park on July 27, 28, and 29. To be eligible to participate in All-Ripken Softball, players must be in high school graduation classes between the Class of 2026 and the Class of 2033 and exhibit an elevated level of softball knowledge, dedication, sportsmanship, and skill. “One of our core values at Team Alliance is to bring together multiple generations of players who share a passion for the sport of softball,” said Jami Lobpries, Ph.D., CEO of Alliance Fastpitch. “We are honored to be part of the All-Ripken Softball Games to bring together youth, college, and pro players and grow the sport for the next generation. Softball teaches important lessons on the field that players can apply to all aspects of their lives off of it.” “At the Florida Vibe, we are witnessing tremendous growth in the professional space of softball as a result of high-profile events at the youth level like the All-Ripken Softball Games,” said Ryan Moore, CEO of Florida Vibe Athletics, Inc. “This event is a shining example of the game’s evolution, and we are thankful to Ripken Baseball for creating this platform.” To nominate and register a player for the All-Ripken Softball Games, parents, coaches, and leagues can visit https://ripkenbaseball.com/all-ripken-softball/ or email questions to scout@allripken.com. About Ripken Baseball Ripken Baseball brings teammates, coaches, and families together through its Big League Experiences while teaching children how to play sports the right way – the Ripken Way. Ripken Baseball continues to innovate the game through tournaments, camps, clinics, and spring training at their state-of-the-art baseball and softball facilities – The Ripken Experience ® Aberdeen (Maryland), The Ripken Experience ® Myrtle Beach (South Carolina), The Ripken Experience ® Pigeon Forge (Tennessee), The Ripken Experience ® Elizabethtown (Kentucky), Sports Force Parks at Cedar Point Sports Center (Ohio), and Cooperstown All Star Village (New York). Ripken Baseball also brings its youth sports experience to satellite locations through Ripken Select Tournaments. Learn more at ripkenbaseball.com. Contact Details Eric PR & Marketing, LLC Eric Nemeth nemeth@ericpr.com Company Website http://allripkensoftball.com/
May 24, 2023 04:23 PM Eastern Daylight Time
News ReleaseWorld Record Travel by Travelport: 7 Wonders of the World in Less than 7 Days
YourUpdateTV
A video accompanying this announcement is available at: https://www.youtube.com/watch?v=3tfcL-uWQy s Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, and Jamie McDonald, a British adventurer better known as “ Adventureman ”, today announced a new world record – the fastest time to visit the new Seven Wonders of the World, achieved in less than seven days. Confirmed by Guinness World Records, the journey was achieved in 6 days, 16 hours, and 14 minutes, using only public transportation. The challenge was set to Adventureman by Travelport in order to put the company’s modern retail platform, Travelport+, to the test, proving that the company’s technology allows its travel agency partners to simply plan, book and manage even the world’s most complex trip. “When we began upgrading our agency partners to Travelport+ in 2021, it was with the intent of making the complicated travel industry easier and faster to navigate,” said Greg Webb, Chief Executive Officer at Travelport. “This epic adventure was the ultimate test for our platform – could we take the world’s most complex trip and make it simple? Could we ensure it was easy to service? Would the platform be agile enough to accommodate whatever unforeseen bumps the trip encountered? Six days, sixteen hours and fourteen minutes later, we had our answer: yes, yes and yes. This trip also proves that, after a few challenging years for the industry, travel is most definitely back and better than ever.” Travelport+ provides global travel agents with modern retail technology that allows them to compare millions of travel routes and select the best one for each individual traveller. Travelbag, a travel agency who has been a longtime partner of Travelport, booked all aspects of Adventureman’s trip via Travelport+, and they were able to search, filter, find, compare and build the most complex itinerary with ease using Smartpoint Cloud. Adventureman had round-the-clock access to a dedicated Travelbag Travel Specialist who, on his request, tracked evolving travel restrictions, identified schedule changes, and made necessary tweaks to his itinerary in real time. He also was able to access Travelport’s Trip Manager feature on the go, in order to add ancillaries and extras (meals, paid seats, etc.) to his itinerary. For travelers who want to visit one, or all, of the seven modern wonders themselves, Travelbag has a range of packages available, allowing travelers to visit all seven wonders of the world themselves (packages starting from £31,000) or visit an individual wonder (packages starting at £1,300 per person). Depending on each traveler’s individual requirements, Travelbag can tailor-make the perfect holiday. “At Travelbag, we’ve planned and booked thousands of trips, and yet, even we had never seen an itinerary this complex before,” said Caroline Foxwell, Sales and Service Leader at Travelbag. “The retailing tools from Travelport+ are so powerful – Smartpoint Cloud made booking and servicing this trip so easy, it practically did the job for us. Travelport+ helps us to build the perfect itinerary for our clients, time and again, even when that client is a globetrotting, world record-setting superhero!” Adventureman began the trip at the Great Wall of China, the world's longest human-made structure, and the world-record clock started ticking the moment he left the first wonder via toboggan. Second, he visited India’s Taj Mahal – the country’s top tourist destination, which is widely considered a symbol of eternal love. From there, he traveled to Jordan and then by bus to the ancient city of Petra, whose carved rose-red sandstone rock facades, tombs, and temples became even more famous from their role in Indiana Jones and The Last Crusade. Departing Jordan, Adventureman flew to Rome to see its legendary Colosseum, envisioning ancient gladiator battles before he made time for a quick pizza pit stop (the only non-airplane food he consumed during the trip). Christ the Redeemer, the world’s largest art deco statue, brought Adventureman to Brazil, where he was equally in awe of the view from its platform as he was of the statue itself. The sixth wonder, Machu Pichu (an Incan citadel nearly 8,000 feet above sea level) was Adventureman’s favorite: he plans to go back one day and bought a stuffed llama toy there to bring back for his daughter. Finally, after only 6 days, 16 hours and 14 minutes, he reached Chichén Itzá, an archeological site that was a hallowed place of ceremony in the Mayan culture. For Adventureman, a main focus of the record-breaking trip was raising funds for his charity, the Superhero Foundation. As a child, Jamie was diagnosed with a rare spinal condition called syringomyelia, and doctors warned his parents that he might lose the ability to walk. Through the help of many doctors, hospitals and his family, his health improved, starting him on his lifelong mission of giving back to sick kids around the world. To kick start fundraising efforts, Travelport has donated $22,856, a dollar for every mile that Jamie, a Pride of Britain winner, traveled for this challenge. The money will be utilized to continue the charity’s mission: helping families in need fund treatments, therapies and equipment that aren’t freely available to them through their traditional or local healthcare support system. “In my previous adventures, I’ve run solo across America (the equivalent of 210 marathons) and have cycled 22,000 kilometers from Thailand to the United Kingdom, and yet, this was certainly my most complex, complicated trip yet,” said Jamie McDonald, better known as Adventureman. “With travel, there are just so many variables – weather, restrictions, delays, customs, traffic, cancellations, you name it. When you’re attempting to set a world record, speed and agility are absolutely key. There was no other partner besides Travelport that could’ve made this all possible.” For the trip to be endorsed by Guinness World Records, Adventureman had to abide by several rules: Use only scheduled public transportation, with licensed taxi rides unable to exceed 50 kilometers Keep a logbook with clearly indexed evidence (receipts, tickets, etc.) supporting each step Obtain receipts and/or tickets everywhere available Use accurate professional equipment (i.e. GPS tracking equipment) Take videos and photos showing the applicant, the location and the date at each site visited Get a written or recorded statement from an official member of staff, local dignitary and/or police officer at each site Understand that the ‘clock’ starts the moment the challenger leaves the first wonder site, and it does not stop for any reason until the challenger sets foot in the final site Protecting the environment is of the utmost importance to both Travelport and Adventureman. The company calculated the carbon emissions from Adventureman’s trip using using the Travel Impact Model, a shared framework for calculating air travel emissions maintained by Google and developed as part of Travalyst, an independent not-for-profit organization of which Travelport is a member. Travalyst is working to unify industry tools and information to bring sustainable travel to the mainstream. As such, the total CO2 emissions of the world record trip was 2,523 kg. Travelport will remove these emissions with high-quality carbon dioxide removal services from Climeworks. To learn more about the Seven Wonders Challenge, to book a trip to the Seven Modern Wonders, or to make a donation to the Superhero Foundation, please visit Travelport.com/7wonders Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
May 24, 2023 04:00 PM Eastern Daylight Time
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News ReleaseSurvey Reveals What the UK Audience Thinks of the Eurovision Voting System
Intelligiants Ltd
The yearlong anticipation and build-up for the 2023 Eurovision Song Contest ended with disappointment for the UK audience with Mae Muller’s placement in the competition. A recent survey by PartyCasino does however indicate that the support for Mae Muller’s performance and “I Wrote a Song” stands strong, after the Grand Final. Muller was recognized as one of the most talented artists among the finalists, alongside Finish artist Käärijä, with the song “Cha Cha Cha”. Käärijä, which finished second in the competition was on forehand a top candidate to be crowned winner of Eurovision 2023 and did in fact win the public votes, only to be beaten by Sweden’s Loreen, who took home the victory with the majority of the jury votes. When asked about their thoughts on the voting system in the Eurovision Grand Final, 45.20% of participants felt that the current system is working well, and 38.70% expressed the need for a simpler voting system. Additionally, the survey revealed that 37.50% of participants preferred only public votes per country, while 27.10% favoured a combination of jury and public votes from participating countries. Opinions on the frequency of the contest left the participants divided: Would the Eurovision Song Contest be more exciting if it was held every second year? 41.10% of the participants felt that the contest should not be held every second year. While 31.50% were unsure, and 27.40% were in favour of the contest taking place every second year and believed that it would make the event more exciting. The full survey and results can be found here. Contact Details Intelligiants Ltd F Kvarnebrink +27 71 221 8445 fred@intelligiants.net
May 24, 2023 11:30 AM Eastern Daylight Time
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News ReleaseShareholder to Demand Greater Transparency from McDonald’s, Walmart About Business Risks in China
National Legal & Policy Center
As shareholders are set to attend annual meetings over the next week for McDonald’s Corporation and Walmart Inc., National Legal and Policy Center will ask fellow investors to support its proposals to provide greater transparency about the companies’ risks of doing business in China. NLPC will present “Communist China Risk Audit” proposals at the meetings, which seek reports to shareholders that address “the nature and extent to which corporate operations depend on, and are vulnerable to, communist China….” The McDonald’s proposal is No. 7 on Page 93 of the company’s proxy statement. For Walmart, NLPC’s proposal is No. 11 on Page 116 of its proxy statement. Both companies oppose NLPC’s proposals. In response, NLPC filed rebuttals at the Securities and Exchange Commission in support of its resolutions to be considered at the McDonald’s meeting, to be held May 25, and at Walmart’s meeting, scheduled for May 31. Read NLPC’s SEC filing for McDonald’s here, and for Walmart here. NLPC’s report to the SEC on McDonald’s outlines some of the risks inherent in doing business in China, and notes: McDonald’s 2023 first quarter [report] states that “(financial) results reflected strong operating performance across the (International Developmental Licensed Markets & Corporate) segment, led by Brazil and China.” China is a clear driver of McDonald’s business performance, making its reliance on China a critical risk, as there are a number of factors that could harm the company The United Nations calls on companies to “provide information that is sufficient to evaluate the adequacy of an enterprise’s response to the particular human rights impact involved.” If McDonald’s is being “guided” by this principle and is already discussing significant risk exposures using “robust risk management program,” then a report…should be easy to deliver and provide investors with meaningful insights. An excerpt of NLPC’s filing for Walmart states: The magnitude of its risk in China is not comparable to the general business risks (already) disclosed by Walmart, many of which are indistinguishable from the disclosures made by other public companies. China-specific risks are present across many parts of Walmart’s business… Walmart has invested a considerable amount in its Chinese infrastructure. Thus, potential disruptions due to political, economic, regulatory, or health issues could negatively impact Walmart’s investments in the region. China is McDonald’s second-largest market, with more than 5,000 restaurants representing nearly 13 percent of its total locations. The communist nation is Walmart’s fourth-largest market, behind the United States, Central America, and Canada, with 365 stores representing nearly seven percent of its international locations. “Considering the extent of revenue generated and supply chain that is dependent on China, McDonald’s and Walmart owe their shareholders more transparency and specificity about their respective risks in the extensive amount of business they do there,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Between human rights atrocities and Chairman Xi Jinping’s saber-rattling against Taiwan, the feasibility of continuing operations there may be tenuous. We urge their boards of directors to disclose more.” Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org
May 24, 2023 09:30 AM Eastern Daylight Time
News ReleaseMarkets Could Remain Volatile Throughout 2023 – FiscalNote’s (NYSE: NOTE) Frontier View Helps Navigate The Turbulence And Stay Ahead
Benzinga
By Jad Malaeb, Benzinga According to S&P Global Market Intelligence, December 2022 marked the end of the “ worst quarter since 2009 barring lockdown months” in terms of global business activity. The observation also reflects in the broad investor sentiment one quarter into 2023 – one of slow growth and volatile markets. The Standard & Poor 500 Index, a popular market proxy, began 2023 with a monthly rise of 6.18% in January. Since this encouraging start, however, the index has failed to maintain momentum, dropping 2.61% in February and gaining roughly 2% in March. The market teeters slightly above yearly highs while investors await the conclusion of a banking crisis triggered by Silicon Valley Bank’s collapse and rising interest rates driven by the Federal Reserve. In markets like these, information and insight are crucial to spotting business threats and seizing rare opportunities. As a technology company specializing in the analysis and tracking of legislation and regulations in the U.S. and abroad, FiscalNote Holdings Inc. (NYSE: NOTE) is helping private businesses get the insight they need to survive and thrive in uncertain times. FrontierView: A Tool To Navigate Market Uncertainty FiscalNote has a suite of artificial intelligence and algorithmic data tracking services that help private and public organizations stay on top of macroeconomic trends, but perhaps the most relevant solution to today’s market uncertainty is FrontierView. FrontierView is a market intelligence solution designed to support global business professionals in navigating a volatile market. With a team of award-winning analysts, FrontierView provides real-time insights, in-depth research and analytical tools to help businesses stay ahead of macroeconomic trends that may impact their industry. The solution offers an extensive archive of market intelligence, ranging from market reviews, regional outlooks, daily news analysis, data-rich insights, event recordings and presentation decks. FrontierView's all-in-one platform provides clients with easy access to 80+ markets, key trends, up-to-date data forecasts and related research. By utilizing the "all content" search feature, clients can quickly find insights to drive their business decisions. The solution also aligns with clients' strategic priorities, providing objective market intelligence that can help harmonize information with a singular source integrated into their team's workflow. Clients can easily share content with stakeholders, anticipate risks and opportunities and align their teams with the solution's resources. In today's rapidly changing market, FrontierView's solution can be crucial in helping businesses make informed decisions. With a renewal rate of 96% and a client base of 290 companies and 4,100 executives, FrontierView has proven to be a trusted source of market intelligence. Whether clients are C-suite executives, professionals in finance, strategy or market intelligence, FrontierView has a solution to support their growth initiatives. Click here for more on FrontierView. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com
May 24, 2023 09:30 AM Eastern Daylight Time
News ReleasePanasonic Connect Looks to the Future of Live Entertainment
Panasonic Professional Imaging & Visual Systems
Panasonic Connect North America remains committed to revolutionizing live, themed, and immersive experiences with the appointment of Jared Darensbourg to National Live Events Manager. This appointment comes at an exciting time for the industry’s future. In 2022, the entertainment and leisure sector saw a 375% increase in funding since 2020. Meanwhile, the theme park sector alone is expected to surpass $89 billion by 2025 as increased purchasing power gives parks the opportunity to invest in new attractions that will keep visitors returning for years to come. After supporting countless partners in the development of innovative experiences in recent years, Panasonic Connect looks forward to helping the industry further its growth path. “From supporting the creation of next-level immersive experiences to designing the production behind engaging museum exhibits across the country, bringing the creative vision of the themed entertainment industry to life with our innovative technology has been a passion of mine for almost ten years of my career,” said Jared Darensbourg, National Live Events Manager at Panasonic Connect. “I look forward to more collaboration with our existing and new partners as we continue to transform guest experiences for the better.” As the themed entertainment industry progresses on its journey to evolve the audience experience with technology, partnerships with tech companies and rental and staging professionals will be critical. Darensbourg has helped lead some of Panasonic Connect’s most innovative partnerships with organizations such as Illuminarium, AREA15, Criss Angel, and the Academy Museum. In his new role, Darensbourg will drive Panasonic Connect’s business, communications and engineering strategy in both the themed entertainment and live events markets in addition to managing the company’s relationships with the Event Production Network and AV Alliance Network. “With so many new types of audience experiences and attractions emerging in recent years, from projection mapping exhibitions that immerse visitors into new worlds to hybrid concerts that engage both in-person and at-home fans, the themed entertainment industry will need to rely on technology more and more to continue innovating according to audience expectations,” said Ryan Carson, Vice President & General Manager of Professional Imaging & Visual Systems at Panasonic Connect. “As a successful leader at Panasonic Connect for the past eight years, Jared is the ideal person to lead his team forward and forge the industry partnerships to take entertainment experiences to the next level.” To learn more about Panasonic’s solutions for the themed entertainment sector, visit https://na.panasonic.com/us/whatmovesus/immersive-entertainment. About Panasonic Connect North America Established on April 1, 2022 as part of the Panasonic Group’s switch to an operating company system, Panasonic Connect North America is a B2B company offering device hardware, software and professional services to provide value to customers across the public sector, federal government, education, immersive entertainment, food services and manufacturing industries. With the mission to “Change Work, Advance Society, Connect to Tomorrow,” Panasonic Connect North America works closely with its community of partners, innovators and integrators to provide the right technologies to address customers’ ever-evolving needs in today’s connected enterprise. Connect with Panasonic Connect Audio Video Solutions: Twitter, LinkedIn, Facebook, Instagram, YouTube Connect with Panasonic Connect North America: Twitter, LinkedIn, YouTube Contact Details Madison Everts +1 617-624-3225 PanasonicVisual@racepointglobal.com Company Website https://na.panasonic.com/us/panasonic-connect
May 24, 2023 09:00 AM Eastern Daylight Time
News Release‘Ready for Ron’ Now ‘Ready to Win’
Ready for Ron
For more than a year, Ready for Ron, an independent group working to Draft Florida Governor Ron DeSantis to run for President, actively built support for his candidacy. A petition with more than 250,000 signatures (and a lawsuit against the Federal Election Commission to share it) tens of thousands of TV and online ads, along with millions of phone calls, mail pieces, and emails, and a grassroots and coalitions program has done its job - Governor Ron DeSantis is expected to soon announce he’s running for President. With Governor DeSantis about to become an official candidate, Ready for Ron is changing its name to ‘Ready to Win’ to reflect its singular mission to nominate and elect Ron DeSantis to win in 2024. “We spent an entire year running thousands of TV ads, millions of mailings, and tens of millions of online, email, and social connections to drive the narrative – Ron DeSantis will be our next President,” stated Ed Rollins, Ready to Win’s Chief Political Strategist. “We built an infrastructure. We completely changed the discussion. With a quarter million petition signers calling for him to run we are thrilled that we see our goal achieved - Ron DeSantis entering the Presidential race. He may well be the only leader who can defeat Joe Biden.” In addition to its outreach and engagement initiatives, Ready for Ron worked with Impact Social to analyze the online and social media discussion in relation to Ron DeSantis and Donald Trump among swing voters. The data clearly and consistently shows Ron DeSantis can beat Joe Biden, and Donald Trump simply can’t. Additional data research with multiple vendors covering more than 19 million voters affirms these findings. “Winning the nomination and the general election requires us all to work together to build this movement and save our nation,” stated Ready to Win Counsel, Dan Backer. “Our groundbreaking research debunked the bad polling plaguing Republicans for more than eight years. Using cutting edge massive data monitoring proves what everyone already knows - Donald Trump’s supporters are loyal and loud, but confined to only a sliver of the population that cannot grow. Moderate, swing, and independent voters are not coming back to Trump, ever, and he cannot possibly win the general Election – Ron DeSantis can.” “Voters young and old both know Governor DeSantis has a proven track record of standing up for America’s values. He is committed to defending the rights of parents, getting inflation and government spending under control, and solving the problems the radical left is causing. He dares to say no to the bullies, no matter how powerful they may seem. He can deliver safe streets, sane schools, and a soaring economy,” stated Gabriel Llanes, Executive Director of Ready to Win. “DeSantis is much more than a politician with savvy instincts; he is a public servant through and through. No ego to get in the way because he is about results.” “We will continue our ground-up grassroots efforts in key primary states, doing the hard work to train and mobilize a volunteer army to nominate, and elect, our next great American president,” Rollins continued. We feel DeSantis is well prepared to be the candidate to win the Republican nomination and beat President Biden. We are officially, Ready to Win!” ### For more information or to schedule an interview with a Ready to Win spokesperson, please contact Dan Rene at 202-329-8357 or dan@readyforron.com. Contact Details Ready to Win Dan Rene +1 202-329-8357 dan@readyforron.com Company Website https://www.readyforron.com/
May 23, 2023 02:50 PM Eastern Daylight Time
News ReleaseOYO Launches Discounted Stays as Memorial Day Weekend Bookings Soar
OYO
Global travel technology company OYO has announced a special offer for the upcoming Memorial Day holiday. This Memorial Day weekend is expected to be the busiest since 2000. Due to record anticipated travelers for the weekend, OYO is offering discounted stays to help travelers plan their holidays within their budget. Travelers can avail 33% off on all stays from 27 th to 31 st May 2023. With this 33% off discount offer, travelers can book 2 nights and get 1 night stay for free at select OYO hotels across the US. To redeem the offer, customers need to book their stay on the OYO app or website and enter the promo code “MEMORIALDAY.” Customers can also book by calling our representatives on +1 405-342-7056. OYO is also seeing increased demand in cities like Atlanta, Houston, San Antonio & Jackson. Speaking about the upcoming season, Gautam Swaroop, CEO OYO International said, “Memorial Day is an important holiday for the Americans. We are preparing for the busy summer season across the states, which officially kicks off this weekend. We anticipate a surge in bookings, as reports suggest that 42.3 million Americans will be traveling 50 miles or more for the long weekend, an increase of 2.7 million compared to 2022. We expect record-breaking hotel bookings within city limits and along highways, as a vast majority of Americans, approximately 37.1 million travelers, will be hitting the road.” OYO offers hotels access to a large base of regular customers through its app and website, and lists hotels on multiple Online Travel Agents (OTAs) to boost booking demand and revenue. OYO’s best-in-class Artificial Intelligence-enabled pricing software automatically drives the best booking prices across all channels, based on room type, seasonality and other factors, therefore, enabling such an increase in online revenues. OYO has started offering hotels the flexibility of not having to invest heavily in redoing the hotel to join the OYO platform, something that other budget hotel chains insist on. Therefore, the initial investment to join OYO is minimal. It has been focusing instead on standardizing service led components such as customer support and booking experience. The company helps ensure great experience for customers, with ease of search and a quick booking experience, highly competitive room prices as per market demand patterns, automated tools such as Artificial Intelligence powered chatbots to quickly resolve customer queries, loyalty programs and easy refund, if needed. Earlier this year OYO said that it is planning to add over 100 hotels in the US in 2023. This is nearly double the number of hotels the company added to its portfolio in 2022. OYO will focus on adding more hotels in the states of Oregon, Washington, Texas, Oklahoma, Georgia and Florida. Texas continues to be the largest and fastest growing market for OYO in the US, while it also has sizable concentration of hotels in Oregon, South and North Carolina, Florida & Georgia. In 2022, the company saw a ~23% increase in new hotels added to its portfolio in the US vs 2021. Furthermore, OYO’s US operations have outpaced the budget hotel segment in terms of revenue per available room (RevPar) with an 18% rise in RevPar in 2022 vs pre-covid year, 2019. In contrast the budget hotel segment grew by only 6% in the US. The company also achieved a 48% growth in revenue from bookings on its own platform, such as the app, website, mobile web and call centers in Q4 2022 vs same period in 2021. OYO’s app saw highest growth with a 99% surge in revenue from bookings in Q4 2022 vs same period in 2021. The company had earlier disclosed that its app is the second most downloaded travel app with over 100 million downloads globally. About OYO: OYO is a global platform that aims to empower entrepreneurs and small businesses with hotels and homes by providing full-stack technology products and services that aim to increase revenue and ease operations; bringing easy-to-book, affordable, and trusted accommodation to customers around the world. OYO offers 40+ integrated products and solutions to patrons who operate over 168,711 hotel and home storefronts in more than 35 countries including India, Europe and Southeast Asia, as of September 30, 2022. For more information, visit www.oyorooms.com. Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States. Contact Details Anupriya +91 97911 63065 anupriya.d@oyorooms.com Company Website https://www.oyorooms.com/
May 23, 2023 11:00 AM Eastern Daylight Time
