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Oyo sets up fund for struggling Southeast Asia hotel partners
Oyo Hotels and Homes pledged support for hotel partners across Southeast Asia struggling with the coronavirus downturn.
It has set up a dedicated $200,000 fund to financially support partners.
Additionally, Mandar Vaidya, CEO, South East Asia, Japan & Middle East and other members of the Southeast Asia leadership team will donate a portion of their salaries.
"T’he hospitality industry has been impacted and ‘‹we are also concerned with the impact Covid-19 has on our partners as they come to grips with the current situation. Oyo stands in solidarity with all OYOprenuers and our partners in the region," Vadya said.
It follows a financial package recently offered to its China based partners to help financially support workers and their families.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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