1. Oyo suspends fixed income guarantees to hotel partners as covid-19 wipes out revenues  Livemint
  2. Oyo cancels contracts as revenues take a hit  Livemint
  3. View Full coverage on Google News
The Softbank-backed startup has terminated minimum business guarantee agreements, a fixed amount payable to property owners on a monthly basis.Oyo has instead offered new contracts on a revenue share basis, nullifying fixed pay-outs that were earlier agreedThe Softbank-backed startup has terminated minimum business guarantee agreements, a fixed amount payable to property owners on a monthly basis.Oyo has instead offered new contracts on a revenue share basis, nullifying fixed pay-outs that were earlier agreed

Oyo suspends fixed income guarantees to hotel partners as covid-19 wipes out revenues