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OYO to stop investing in capex of hotels, says India CEO Rohit Kapoor

Three-pronged revamp strategy includes getting out of investing in capex of hotels, moving away from offering minimum guarantees to hotel partners and giving them flexibility to determine room tariff

Topics
OYO Hotels & Homes | OYO Rooms | business model

Surajeet Das Gupta  |  New Delhi 



rohit kapoor, Oyo Living CEO, Oyo real estate biz ceo Rohit kapoor
Rohit Kapoor, OYO Rooms CEO for India and south east Asia (Photo: @oyorooms)

Global travel tech startup is fundamentally altering its to prepare for a new growth phase after a tough year which saw hotels closing down due to the lockdowns induced by the Covid-19 pandemic.

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First Published: Fri, August 06 2021. 06:03 IST

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