Virus-battered OYO suspends fixed payment guarantees to hotel partners

Virus-battered OYO suspends fixed payment guarantees to hotel partners

Visual from OYO website

Hospitality unicorn Oyo has suspended contracts with more than 250 hotel owners across India, as it looks to renegotiate fixed payment agreements after revenues took a hit due to a nationwide lockdown, said multiple people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter