OYO Hotels & Homes to file counter FIR on Bengaluru Hotel Owner for Using Improper Legal Means to Sensationalize a Civil Dispute & Get Attention

OYO further condemns said Bengaluru owner’s insistence to discriminate & not welcome Guests against the Law

Gurugram, November 05, 2019: OYO Hotels & Homes has always maintained the highest level of integrity, transparency and commitment to its asset owners. We at all times follow the laws of the land and operate keeping in mind the best interests of our asset owners, customers and employees.

This matter is currently sub judice, and we are not at the liberty of commenting on specifics. Having said that, we strongly refute the claims made in the complaint that has been wrongfully filed against our Founder and six other office bearers, based on false allegations and exaggeration on a regular commercial dispute.

Our lawyers are looking into the matter and will be taking strong legal action as these claims are incorrect and defamatory in nature. OYO Hotels & Homes will initiate appropriate criminal proceedings against the Bengaluru owner who is sensationalising a civil dispute to attract attention. On studying a similar matter where an FIR was wrongfully filed in September, the honourable Karnataka High Court recently stayed the adverse actions via an injunction in Bengaluru. We, therefore, have strong reasons to repose our faith in the justice system. We respect the law of the land and believe it will do the right justice.

Having said that, for us, it is business as usual since routinely some people with vested interests try to sensationalise matters and we are focused on continuing to be the fastest-growing company in India, that has created hundreds of thousands of jobs with crores of CapEx investment. We are excited about the impact we are able to make and committed to delivering good quality hospitality experiences to over 3.2 billion middle-income people around the world.

OYO Hotels & Homes currently has 18,000+ hotels with over 270,000 rooms across 500+ cities in India. On an average, over 75% of hotel owners associated with OYO have seen an increase of about 3X+ in occupancy, a 2.5X jump in RevPar and a significant jump in profit. Partnering with OYO significantly improves the quality of the standalone hotel and improves occupancy from 25% to 75% on an average within just 3 months, increasing the yield on underutilized assets. With close to 18,000 asset owners in India, OYO believes its asset owner community is a rich source of advice and suggestions which helps us get better every day. Whenever there is any contractual or commercial issue, OYO addresses the same one-on-one. OYO’s annual retention is as high as 99.5%  across the chain in India & South Asia.

In April 2019, OYO announced the launch of the OYO Partner Engagement Network (OPEN) for its 18,000+ strong hotel owner community in India to reiterate its commitment and start an industry-first series of year-long initiatives to help them reach their business goals. With the Partner Privilege Program, OYO offers exclusive benefits and opportunities to the company’s top-performing hotel owners in India which can be availed across three categories of business, growth and personal benefits. All these facilities under OPEN are also available to hotel owners who are a part of OYO’s chain of hotels pan India.

About OYO Hotels and Homes:

Opening its doors in 2013, OYO Hotels & Homes is the world’s second-largest chain of hotels, homes, managed living and workspaces. The portfolio combines fully operated real estate comprising of more than 35,000 hotels and 125,000 vacation homes, and over 1.2 million rooms. Additionally, OYO along with Vacation Homes categories managed by the company under OYO Homes, Belvilla, Danland, Dancenter along with Germany-based Traum-Ferienwohnungen brands can be found in more than 800 cities in 80 countries, including the U.S., Europe, U.K., India, Malaysia, Middle East, Indonesia, Philippines, and Japan. The company also has a play in the housing rental business and co-working business in select countries.