As Softbank’s Oyo booms, some Indian hotels cry foul and check out
By Sachin Ravikumar and Chandini Monnappa BENGALURU (Reuters) - India's Oyo Hotels and Homes shot out of nowhere to become one of the world's largest hotel chains with a simple promise of "hassle-free" online booking, transparent pricing and cheerful lodging. But as the Softbank-backed startup pushes toward profitability, an increasing number of Indian hotel operators who have partnered with it are complaining about being blindsided by fee increases. The backlash against Oyo - while limited to a small share of the more than 10,000 hotel owners in India who work with it - comes at a crucial time for an emerging-market unicorn valued at $10 billion and its major investor
The post As Softbank’s Oyo booms, some Indian hotels cry foul and check out appeared first on Firstpost.
from Firstpost https://ift.tt/2MnnIVe
via IFTTT