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OYO to invest ₹100 cr to ramp up business in Kerala

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OYO Hotels and Homes has announced plans for a ₹100 crore investment in capex, infrastructure and talent in Kerala. The company, on the back of growing business in the State, also intends to open a second OYO Skill Institute for training and development of hospitality professionals.

Assuring customers and asset owners of business continuity and an elevated experience, OYO will also be taking legal action against any person/groups who try to cause disruption of business and inconvenience to both customers and asset owners.

The company’s announcement comes in the wake of a 48-hour strike called by Kerala Hotel and Restaurants Association (KHRA) on June 26 and 27, protesting against OYO’s moves to take over small- and medium-sized hotels. According to Press Trust of India, the Delhi High Court restrained the hoteliers associations today from issuing any notices or boycotting the hospitality company. The court also noted that OYO has an appropriate agreement with other hoteliers and service providers, and that calling for boycotting the company prima facie would be illegal.

Ayush Mathur, Chief Supply Officer, India and South Asia at OYO Hotels and Homes, said that most of the boycott claims are being made by small vested interest groups without property franchised with or leased to OYO Hotels.

According to Aditya Ghosh, CEO – India & South Asia, OYO Hotels and Homes, Kerala is a key market and over the past four years, the company has invested over ₹100 crore.

Source: The Hindu