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Oyo suspends fixed income guarantees to hotel partners as covid-19 wipes out revenues - Livemint 30-Jun-2020
Oyo suspends fixed income guarantees to hotel partners as covid-19 wipes out revenues - Livemint
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 agreed
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