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Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce

Citing revenue declines, Airbnb cuts 1,900 jobs, or around 25% of its global workforce

According to TechCrunch, Airbnb, which connects travelers with places to stay, announced that it was laying off around a quarter of its workforce. The company cited revenue declines and a need to curtail costs in

News
‘It’s a reset’: Life post COVID-19

‘It’s a reset’: Life post COVID-19

By Zahid Memon, Director-Information Technology, Keys Hotels Year 2020… The world was looking forward to the Olympics event in Tokyo and the T20 cricket tournament in Australia. For many, 2020 was the year of Expo

News
Oyo cuts 25% fixed pay of employees in India, sends some staff on voluntary leave

Oyo cuts 25% fixed pay of employees in India, sends some staff on voluntary leave

According to the Hindu, OYO on Wednesday asked some of its staff in India to go on leave with limited benefits from May 4 for four months, and also asked all employees in the country

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Treebo alleges use of unethical practices after Oyo furnishes “invalid” NOCs for listed properties

Treebo alleges use of unethical practices after Oyo furnishes “invalid” NOCs for listed properties

As per reports, Oyo has furnished fake no-objection certificates (NOCs) for close to 70 hotels/properties to online travel agency (OTA) Booking.com, according to a report in The Economic Times. The NOCs were provided to change

Equipment
India Convention Promotion Bureau applauds Government of India’s efforts in handling Corona crisis

India Convention Promotion Bureau applauds Government of India’s efforts in handling Corona crisis

With the ongoing global crisis of COVID-19, travel is close to nil and resulting in events being cancelled or postponed. The overall business environment has become gloomy for the travel and hospitality industry with no

News
As delivery workers emerge as frontline soldiers, government warms to e-commerce

As delivery workers emerge as frontline soldiers, government warms to e-commerce

(Source: Reuters) E-commerce is now limping back to life in India as the border closures, warehouse shutdowns and general confusion that initially accompanied the three-week shutdown order have eased. While still clearing a backlog of

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Expecting a long lull due to Covid-19, Oyo gives pink slips to US staff

Expecting a long lull due to Covid-19, Oyo gives pink slips to US staff

According to ET, SoftBank-backed Oyo Hotels & Homes has laid off hundreds of employees in the US across divisions like sales, business development and HR since March end, recently sacked employees and company insiders told

News
India’s Swiggy Lands USD43B To Continue Branching Out Beyond Food Delivery

India’s Swiggy Lands USD43B To Continue Branching Out Beyond Food Delivery

According to Pymnts, Online food delivery platform Swiggy has raised USD 43 million as part of its ongoing Series I round to develop and expand its new businesses, according to multiple reports on Monday (April

Housekeeping
Coping with COVID-19 : FHRAI member hotels and restaurants offer govt access to over 45,000 rooms, serves 7 Lac meals per day

Coping with COVID-19 : FHRAI member hotels and restaurants offer govt access to over 45,000 rooms, serves 7 Lac meals per day

The Federation of Hotel & Restaurant Associations of India (FHRAI) through member hotels has voluntarily offered the Government access to over 45,000 hotel rooms from across the country. The rooms have been set aside to

News
Oyo suspends payments to hotels; Partners say clause not in contract

Oyo suspends payments to hotels; Partners say clause not in contract

According to the Economic Times, Oyo has written to hotel owners invoking ‘force majeure’ clauses on their agreements as the Covid-19 pandemic has severely impacted the business of their hotels. Oyo states in the letter

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