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Oyo launches welfare fund to support stakeholders

NEW DELHI, April 7, 2020

Oyo, one of the world’s leading hotel chains, is evaluating several measures for the long-term success of the company, while remaining committed to doing all it can for the welfare of the community at large during the Covid-19 crisis.
 
The company this week announced the creation of the Oyo Welfare Fund, the proceeds of which will be used for the benefit and welfare of the employees at Oyo properties, asset partners and their staff members in impacted situations such as the Covid-19 pandemic or the consequent restrictions all over the world. In the long run, this fund will also be used for the welfare of the community at large when faced with such tough situations.
 
Through this welfare fund, Oyo employees have the opportunity to contribute voluntarily to help those in need. The Oyo leadership team and company are further contributing Dh1.2 million ($326,673) to the Indian Prime Minister’s Cares fund to support millions of people with healthcare, infrastructure, and other facilities. The company has made global investments worth of approximately Dh13 million (3.5 million) in the fight against Covid-19 and pledges to continue doing all it can to support those in need.
 
Commenting on the development, Ritesh Agarwal, founder and group CEO said: “The current situation world over is deeply concerning to each and every one of us. We are grateful to the Oyopreneurs who have donated generously and continue to come forward to do so. I honestly believe that it is our responsibility to come together and give back the love and support we have always received from everyone.”
 
Some initiatives by OYO, around the world:
 
● In the US, Oyo has offered rooms across 300+ hotels for free to all medical professionals, including doctors, nurses and first responders to ensure that they can take rest, shower or just get off their feet and recharge.
 
● In Malaysia, Oyo is offering complimentary rooms to medical practitioners at three of the busiest public hospitals treating Covid-19 cases in the country. For government employees and those working in essential services, we are offering relaxation of up to 50 per cent across Oyo hotels. Additionally, the company has reached out to embassies and consulates to offer discounted tariffs for tourists/guests who need a place to stay
 
● In the UK, Oyo hotels are available to those in need at a flat weekly price for seven days or more
 
● In the Philippines, Oyo is offering accommodation at discounted prices to practitioners from hospitals within a 5-kilometre radius of our hotels in Mindanao
 
● In India, Oyo recently partnered with Apollo Hospitals to offer sanitised beds and facilities in certain Covid-19  exclusive hotels it identified within its network in the proximity of Apollo Hospitals across six cities (Mumbai, Delhi, Hyderabad, Chennai, Bengaluru and Kolkata) for the purposes of self-quarantine and isolation for suspected Covid-19  patients. Oyo has made outreach to relevant Ministries, state governments as well as local authorities to offer some of its properties for pay-per-use quarantine facilities at a reasonable and affordable price. Oyo is also keen to support the lodging requirements of those PGs, travellers and tourists who are stranded as well as hospital staff, air and sea crew, who are at the frontline of India’s fight against coronavirus through a combination of Oyo hotels and Oyo Life offerings.
 
● Since the disease started, Oyo has been distributing masks, sanitisers and other personal protective gear across markets to ensure the safety of its colleagues who were on the frontline before country-specific lockdowns
 
● Oyo is encouraging the highest levels of hygiene across its buildings and extended all possible support to our asset partners as they navigate through these tough times. - TradeArabia News Service



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