COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. In this unprecedented and difficult period, Ritesh Agarwal, the Founder & Group CEO, OYO Hotels & Homes, has decided to forego 100% of his salary for the rest of the year.
OYO, the world's third-largest and fastest-growing chain of hotels, homes and spaces*, has partnered with Biz2Credit, a leading online financing resource for small businesses, to provide working capital and commercial real estate loans to existing and potential hotel partners across the United States.
OYO Hotels & Homes, the world's third-largest and fastest-growing hotel chain, is excited to announce hitting the milestone of more than 100 hotels in the United States. This is a major landmark for the young hotel startup and a testament to how the company is continuing to maintain its growth momentum.