OYO Bars Entry Of Unmarried Couples

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SUMMARY

The new policy will be rolled out in Uttar Pradesh’s Meerut first based on the ground feedback

As per the new policy, unmarried couples are not allowed to check-in into OYO managed properties and will be required to show a valid relationship proof at the time of check-in via online or offline bookings, the company said in a statement

It has been reported that OYO has received requests from civil society groups, particularly in Meerut in the past, asking for measures to address this issue

Hospitality major OYO has made changes to its check-in policy for unmarried couples who will now no longer be allowed at hotels partnered with the company.

The new policy will be rolled out in Uttar Pradesh’s Meerut first based on the ground feedback.

As per the new policy, unmarried couples are not allowed to check-in into OYO managed properties and will be required to show a valid relationship proof at the time of check-in via online or offline bookings, the company said in a statement.

OYO has already instructed its partner hotels in the city to implement the new policy immediately.

“OYO is committed to upholding safe and responsible hospitality practices. While we respect individual freedoms and personal liberty, we also recognise our responsibility to listen to and work with the law enforcement and civil society groups in the micro markets we operate in. We will continue to review this policy and its impact periodically,” said Pawas Sharma, region head of OYO North India.

It has been reported that OYO has received requests from civil society groups, particularly in Meerut in the past, asking for measures to address this issue.

Last week, OYO raised INR 550 Cr (around $65 Mn) from its founder Ritesh Agarwal’s Redsprig Innovation Partners.

The company issued 12.91 Cr equity shares at an issue price of INR 42.6 each for the fundraise, as per its filings with the corporate affairs ministry.

Founded in 2012 by Agarwal, OYO is a hospitality services company which provides affordable accommodation spaces to customers around the world.  It claims to offer more than 40 integrated products and solutions in more than 35 countries including India, Europe, and Southeast Asia.

OYO’s parent reported a net profit of INR 158 Cr in the second quarter of the current fiscal ended September, following a profit of INR 132 Cr in the previous quarter (Q1 FY25). This marks a sequential increase of 19.6%.

The company’s revenue surged to INR 1,578 Cr in Q2 FY25, up 12% from INR 1,413 Cr in Q1 FY25.





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OYO Bars Entry Of Unmarried Couples


SUMMARY

The new policy will be rolled out in Uttar Pradesh’s Meerut first based on the ground feedback

As per the new policy, unmarried couples are not allowed to check-in into OYO managed properties and will be required to show a valid relationship proof at the time of check-in via online or offline bookings, the company said in a statement

It has been reported that OYO has received requests from civil society groups, particularly in Meerut in the past, asking for measures to address this issue

Hospitality major OYO has made changes to its check-in policy for unmarried couples who will now no longer be allowed at hotels partnered with the company.

The new policy will be rolled out in Uttar Pradesh’s Meerut first based on the ground feedback.

As per the new policy, unmarried couples are not allowed to check-in into OYO managed properties and will be required to show a valid relationship proof at the time of check-in via online or offline bookings, the company said in a statement.

OYO has already instructed its partner hotels in the city to implement the new policy immediately.

“OYO is committed to upholding safe and responsible hospitality practices. While we respect individual freedoms and personal liberty, we also recognise our responsibility to listen to and work with the law enforcement and civil society groups in the micro markets we operate in. We will continue to review this policy and its impact periodically,” said Pawas Sharma, region head of OYO North India.

It has been reported that OYO has received requests from civil society groups, particularly in Meerut in the past, asking for measures to address this issue.

Last week, OYO raised INR 550 Cr (around $65 Mn) from its founder Ritesh Agarwal’s Redsprig Innovation Partners.

The company issued 12.91 Cr equity shares at an issue price of INR 42.6 each for the fundraise, as per its filings with the corporate affairs ministry.

Founded in 2012 by Agarwal, OYO is a hospitality services company which provides affordable accommodation spaces to customers around the world.  It claims to offer more than 40 integrated products and solutions in more than 35 countries including India, Europe, and Southeast Asia.

OYO’s parent reported a net profit of INR 158 Cr in the second quarter of the current fiscal ended September, following a profit of INR 132 Cr in the previous quarter (Q1 FY25). This marks a sequential increase of 19.6%.

The company’s revenue surged to INR 1,578 Cr in Q2 FY25, up 12% from INR 1,413 Cr in Q1 FY25.





Source link

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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