OYO Vacation Homes

OYO supports Ukrainian refugees

  • The company encourages its homeowners in Poland and other European countries to open their shelters to refugees and offers assistance with the cost of stay
  • Launches a fundraising campaign and calls on its employees and beyond to make voluntary donations
  • Those who would like to support the activities of OYO can participate at https://www.oyorooms.com/ukraine/

Hamburg, March 25th, 2022: Global technology company OYO announced that it will offer free accommodation to refugees fleeing Ukraine. The company first launched the campaign in Poland last week, appealing to the more than 600 Belvilla owners on its platform to offer their vacation homes to Ukrainian refugees. These stays are free for refugees who cannot pay for them, and the costs are covered by the company and its homeowners who volunteer to host refugees. OYO assists with the administration and operating costs incurred by the homeowners. OYO has also launched a donation campaign in which employees can volunteer. The donations collected will benefit homeowners who open their homes to refugees, as well as nonprofit organizations that help house refugees.

OYO encourages not only homeowners in Poland, but also in other European countries under its brands – Belvilla by OYO, DanCenter and Dream Holiday Apartments – to open their accommodations to refugees. OYO is also looking to partner with nonprofit organizations to ensure refugees and asylum seekers fleeing Ukraine are matched with available accommodations. The India-based company has also written to the Polish Embassy and other embassies in India to offer its assistance in housing refugees under the program it runs.

Ritesh Agarwal, Founder & Group CEO, OYO says, “We are deeply impressed by our homeowners who open their homes and hearts to people in need. We are committed to supporting them and driving these efforts in every way possible. We will continue to explore every avenue to ensure every possible support for refugees in European countries.”

He added, “We are also in discussion with several organizations on the ground to ensure that refugees are matched with available accommodations in the region. At OYO, we are also using all available resources to raise funds for NGOs working to help in the crisis. In addition, we have also reached out to the Polish and other embassies in India to extend our support.”

In 2020 and 2021, during the COVID-19 pandemic, OYO provided more than 100,000 nights of medical staff quarantine and self-isolation in India, the United States, the United Kingdom, Malaysia, the Philippines and many other countries. The company worked with government agencies, ministries and local authorities to accommodate first responder medical personnel at affordable rates. The company’s efforts were publicly recognized by the White House, where the Honorable Vice President of the United States, Mike Pence, acknowledged the company’s contribution to supporting first responders.

Pictures of Belvilla by OYO vacation homes in Poland

Pictures of Belvilla by OYO vacation homes in Poland

About OYO
OYO is a global platform that empowers entrepreneurs and small businesses to operate hotels and homes by providing comprehensive technology products and services that drive revenue and simplify operations; offering easy-to-book, affordable and trusted accommodations to customers around the world. OYO offers over 40 integrated products and services to customers operating over 157,000 hotels and apartments in over 35 countries, across India, Europe and Southeast Asia. For more information: www.oyorooms.com

Disclaimer: Oravel Stays Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares (the “Equity Shares”) and has filed the Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges, i.e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the Global Coordinators and Book Running Lead Managers, i.e., Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited and Citigroup Global Markets India Private Limited at www.investmentbank.kotak.com, www.jpmipl.com and www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm; the websites of the Book Running Lead Managers, i.e., ICICI Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Limited and Deutsche Equities India Private Limited at www.icicisecurities.com, www.nomuraholdings.com/ company/ group/asia/india/index.html, www.jmfl.com and www.db.com/India, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future, including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision. The Equity Shares offered in the Fresh Issue (as defined in the DRHP) and the Offer for Sale (as defined in the DRHP) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) in transactions exempt from, or not subject to, the registration requirements under the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S under the Securities Act and pursuant to the applicable laws of the jurisdictions where those offers and sales are made. There will be no public offering of the Equity Shares in the United States.

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