The hospitality sector is one of the most affected by the ongoing coronavirus pandemic. With travel of any kind coming to a halt and governments imposing lockdowns, companies in the sector are bracing for severe impact. Recently, there has been multiple reports about layoffs and furloughs in the industry by the companies to save cost.…
COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Many Indian startups in the segment are slashing salaries across levels to conserve cash and extend their runway. Indian hospitality unicorn OYO Hotels & Homes is no different than these startups affected by the pandemic. The Ritesh Agarwal-led…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
“When the oxygen mask falls down, try to save your own life before helping others.”Making the decision to quit your employer can be a difficult one. Leaving a good-paying safe job to a future of uncertainties can easily scare away the possibilities of resigning. But you’re not always in the position to make that decision…
In a recent leadership reshuffle, Oyo Hotels and Homes has elevated their South Asia and India CEO Aditya Ghosh to its board. Rohit Kapoor, currently the CEO of their new real estate business Oyo LIfe, will be taking over Ghosh’s position. Ghosh’s elevation comes exactly a year after he joined the hospitality aggregator. He had…
Singapore-based technology company, GrabTaxi Holdings Pte. Ltd. that offers ride-hailing, food delivery service through its app is in advanced discussions to invest $100 million (Rs 697.7 crore) in Indian hospitality chain OYO Hotels & Homes. The proposed investment is expected to be made through A1 Holdings Inc., an entity controlled by Grab, is a part of the OYO’s ongoing $1billion…
Hospitality firm OYO on Tuesday named former Max Healthcare senior executive Rohit Kapoor as the head of its new real estate business, effective from December 6. Kapoor will be entrusted with the responsibility to drive new real estate business opportunities which will include exploring new domains and categories and other strategic initiatives, OYO said in…
Hospitality firm OYO on Thursday announced its launch in Indonesia after entering into the markets of UK and Dubai this year. Starting operations with over 30 exclusive hotels and more than 1,000 rooms in three cities — Jakarta, Surabaya, and Palembang — the company is ready to offer benefits of its hospitality experience to asset…