India’s Budget Hotels Are Considering Taking Oyo To Court For Its Predatory Pricing
Oyo might now be worth $5 billion, valued more than the Taj Group, and the toast of India’s startup ecosystem, but not everyone’s pleased with its meteoric rise. India’s budget hotels are coming together to consider legal action against Oyo’s predatory pricing, ET reports. “Oyo has disrupted the entire market drastically,” said Budget Hotel Association of Mumbai president Ashraf Ali. “Rooms that we used to sell for Rs 2,000-2,500 are now being sold for Rs...
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