 "Oyo, Oyo rooms")
Hospitality firm OYO said it is suspending payment of monthly benchmark revenue to its hotel partners as it is finding impossible to discharge its obligations under the master service agreement due to Covid-19 pandemic.
In light of this pandemic and various restrictions issued by the governmental authorities, your hotel's revenue has been significantly and adversely impacted and it is unlikely to improve in the next few months, OYO said in a letter to hotel owners.
This abrupt, extra-ordinary and unprecedented drop in your hotel's revenue as a result of the Covid-19 can hardly be considered to be in the ordinary course of
