Inc42 Shots | Oyo Founder Ritesh Agarwal Breaks Silence On Hotel Protests

Inc42 Shots | Oyo Founder Ritesh Agarwal Breaks Silence On Hotel Protests

Plus-New-Logo-300x63-2.webp

Become A Startup Insider With Inc42 Plus

Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.

Become a member

Unlimited Access

Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of 40,000+ stories.

Become a member

Inc42 Academy

Exclusive, in-depth and actionable sessions from 300+ industry leaders, founders & operators to help you level up.

Become a member

Startup Deals

Over $250,000 worth deals on software & tools to help your business scale up.

Become a member

Member-Only Events

Connect with editors and industry peers through our members-only community

Become a member

Clutter-Free Experience

Enjoy an ad-free and clutter-free experience as a member, focus on what really matters to you

Become a member

Support Independent Journalism

Your contribution will go on to support and empower our unbiased & data-driven journalism

Plus-New-Logo-300x63-2.webp

Become A Startup Insider With Inc42 Plus

Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.

Choose Your Plan

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Cancel Anytime
Cancel Anytime

Become A Startup Insider

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Hurry! New Year Offer Ending In
2 YEAR PLAN
₹19999
₹7999
₹333/Month
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Cancel Anytime
Cancel Anytime

Even as Oyo continues to face protests from hotel owners, the company’s founder has said that it is ending the contracts of numerous hotel partners over quality issues. In an interview, founder Ritesh Agarwal said that those protesting are industry groups and not hotels, and that these groups are trying to use the situation to increase property rates.

Oyo claims to have over 18K hotels and 2.70 Lakh rooms in India and South Asia, but many of the hotel partners are unhappy with the terms and conditions of Oyo’s contract — not just in India but across the US and a few other countries Oyo operates in.

RECOMMENDED FOR yOU

To read more, click here.