OYO requests Tourism Ministry to cancel its membership in the FHRAI Executive Committee

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The ongoing feud between OYO, an IPO-bound traveltech company, and the industry body Federation of Hotel & Restaurant Associations of India (FHRAI) is far from over. In a new development, OYO has asked the Ministry of Tourism to cancel the FHRAI executive committee’s membership, claiming that it is ‘illegally run’.

This request was made in a letter to the ministry by the traveltech major. OYO claimed in a press release issued on Monday (February 27) that the FHRAI’s actions are “harmful to small hotel owners.” The traveltech unicorn went on to say that the executive committee was working for its own benefit “rather than the benefit of small hotel owners.”

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OYO requests Tourism Ministry to cancel its membership in the FHRAI Executive Committee

The ongoing feud between OYO, an IPO-bound traveltech company, and the industry body Federation of Hotel & Restaurant Associations of India (FHRAI) is far from over. In a new development, OYO has asked the Ministry of Tourism to cancel the FHRAI executive committee’s membership, claiming that it is ‘illegally run’.

This request was made in a letter to the ministry by the traveltech major. OYO claimed in a press release issued on Monday (February 27) that the FHRAI’s actions are “harmful to small hotel owners.” The traveltech unicorn went on to say that the executive committee was working for its own benefit “rather than the benefit of small hotel owners.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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