New Delhi: During an internal address to employees on Leave with Limited Benefits (LwLB), Rohit Kapoor, CEO, OYO India and South Asia said that although the company is hopeful about recovering, there is “sadly no clear visibility on the timelines at this moment”.
The situation remains uncertain, as the number of Covid-19 cases across India continue to surge and impact consumer behaviour, he said.
“As a result, hotels are reopening in phases and the recovery is taking much longer than expected. Despite our best efforts, we don’t quite know when our occupancies and revenues will recover to pre-Covid levels in India. In such a situation, we do not foresee a lot more roles opening up anytime soon,” Kapoor told the employees.
Sharing the way forward for employees on leave, he said that OYO has created a set of options for all ‘OYOpreneurs’ on leave with limited benefits in India to make a decision that is best aligned with their longer-term career goals and financial requirements.
