Marks the 2nd fund by OYO in Asia following the setting up of a dedicated 1mn+ RMB in China.
Dubai: OYO in South East Asia has announced the setting up a dedicated fund to support its partners and their families in the region who have been afflicted by Covid-19. The setting up of the fund for SEA follows a dedicated Fund of 1 mn+ RMB in China to support infected employees and their family members.
Dr. Mandar Vaidya, CEO, South East Asia, Japan & Middle East said the fund, set up with a dedicated commitment of $200,000 by OYO in South East Asia will cover partners and their family members impacted by Covid-19.
Mandar and other members of the leadership team for South East Asia have also pledged to donate a portion of their salaries for February 2020 to the cause.
In a note to partners in South East Asia, Mandar said, “OYO is deeply concerned with the spread of Covid-19 and the impact it has on people and businesses in South East Asia. The hospitality industry has been impacted and we are also concerned with the impact Covid-19 has on our partners as they come to grips with the current situation. Our responsibility as #TeamOYOSEA compels us to come out in full support of everyone connected to OYO as we navigate through this difficult phase”.
He adds, “OYO stands in solidarity with all OYOprenuers and our partners in the region. Our effort reflects the organisation’s culture and values, which we hope, would spur others in the region to do their part during this challenging and uncertain time.
“OYO in South East Asia have benefited immensely from the support we have received from the people in this region. The fund is our way to return the love and support we’ve received, which we hope will go some way to help our partners recover from the effects of Covid-19” concluded Mandar.
OYO is committed to change the way people live by offering great quality living spaces at affordable prices in the best locations around the world. The full fledged hotel chain brings its successful model of combining design, hospitality, and technological expertise, financial acumen and operational capabilities globally OYO has revolutionized the fragmented and legacy-driven budget hospitality space by empowering small and independent asset owners with revenue management efficiencies, operational capabilities and technology that enable them to compete with big hotel chains.
Globally, OYO is present in 800+ cities across 80 countries. In South East Asia, OYO is present in 250+ cities over 2,500+ franchised and leased hotels across Malaysia, Indonesia, Philippines, Vietnam and Thailand.
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 offers access to over 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 United States, Europe, United Kingdom, 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. For more information, log onto https://www.oyorooms.com/
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