Oyo Hotels & Homes establishes welfare fund
The company will donate AED1.2 million to support India’s fight against COVID-19
Oyo Hotels & Homes, a leading Indian hospitality company, has announced a number of measures it is taking to mitigate the impact of COVID-19 on business and on its community.
The company this week unveiled the establishment of its Oyo Welfare Fund, created to help those hit by the pandemic and the entities fighting against it. Oyo employees will be given the opportunity to voluntarily help those in need, while Oyo’s leadership team has pledged AED1.2 million to support India’s efforts against coronavirus. Globally, the company has invested approximately AED13 million.
Oyo Hotels & Homes founder & group CEO Ritesh Agarwal said: “The current situation world over is deeply concerning to each and every one of us. We are grateful to the Oyopreneurs who have donated generously and continue to come forward to do so. I honestly believe that it is our responsibility to come together and give back the love and support we have always received from everyone.”
In the US, Oyo has offered more than 300 hotel rooms for all frontline medical staff; in Malaysia the group is working with hospitals to provide rooms to its workforce, along with working with the government to provide essential services; in the UK and Philippines, Oyo has lowered prices for medical staff and those in need of shelter and in India, hotel rooms have been used as quarantine shelters.
Earlier this month Agarwal announced he would be taking a 100% salary cut for the rest of the year as the company introduces a range of cost-cutting practices.