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

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.

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Inc42 Staff