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Oyo sets up fund to assist partners in SE Asia impacted by coronavirus

DUBAI, February 23, 2020

Oyo in South East Asia has announced the setting up a dedicated fund to support its partners and their families in the region who have been afflicted by Covid-19.

The setting up of the fund for South East Asia follows a dedicated Fund of over RMB1 million ($142,284) in China to support infected employees and their family members.

Dr Mandar Vaidya, CEO, South East Asia, Japan & Middle East, said the fund, set up with a dedicated commitment of $200,000 by Oyo in South East Asia will cover partners and their family members impacted by Covid-19.

Dr Vaidya and other members of the leadership team for South East Asia have also pledged to donate a portion of their salaries for February 2020 to the cause.

In a note to partners in South East Asia, Dr Vaidya said: “Oyo is deeply concerned with the spread of Covid-19 and the impact it has on people and businesses in South East Asia. The hospitality industry has been impacted and we are also concerned with the impact Covid-19 has on our partners as they come to grips with the current situation. Our responsibility as #TeamOYOSEA compels us to come out in full support of everyone connected to Oyo as we navigate through this difficult phase."

He added “Oyo stands in solidarity with all Oyoprenuers and our partners in the region. Our effort reflects the organisation’s culture and values, which we hope, would spur others in the region to do their part during this challenging and uncertain time."  

“Oyo in South East Asia has benefited immensely from the support we have received from the people in this region. The fund is our way to return the love and support we’ve received, which we hope will go some way to help our partners recover from the effects of Covid-19,” said Dr Vaidya.   

Globally, Oyo is present in 800+ cities across 80 countries. In South East Asia, Oyo is present in 250+ cities over 2,500+ franchised and leased hotels across Malaysia, Indonesia, Philippines, Vietnam and Thailand. - TradeArabia News Service




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