“We are getting cancellations from business travellers. This is not the season for leisure travel to China from India, but even leisure travellers are apprehensive about future bookings,” Bigbreaks.com managing director Kapil Goswamy said. “It is not a positive signal.”
TikTok plans to launch new tools that would enable brands to get more info on influencers and their user base.
Oyo is asking about 20% of its 12,000 employees to go, but this will end very soon, according to Oyo's CEO.
Hoteliers are unable to contact company representatives who were doing business with them.
Several existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no communication so far about reduction in client-facing roles.
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
Layoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday.
Till September 2019, over 870 keys had been signed across religious destinations like Amritsar, Dwarka and Haridwar last year, showed data real estate services firm JLL shared with ET. These rooms across hotels are expected to be operational in the next two years.
Owing to India's fascination with gods, travel companies and hotels are ramping up their presence in religious destinations in and outside India.
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