Professor Anindya Ghose offers his perspective on the future of Indian hotel startup Oyo in the wake of the coronavirus pandemic
— April 16, 2020
Excerpt from Deal Street Asia -- "'Worldwide, the travel and hospitality industry has been devastated, and this is not a short-term thing; it’s going to take a long time for the industry to recover,' said Anindya Ghose, who teaches business at New York University’s (NYU) Stern School of Business. 'Oyo is not a four-star, five-star chain or even a three-star chain. They are in budget space and their clientele is very different (than premium hotels’), and the income of this demographic, because of job losses, furloughs, etc will be hit very hard by the crisis. All this tells me that things are going to be dire for a long time for Oyo and other companies like Oyo.'"