Oyo CEO Ritesh Agarwal touts hospitality start-up despite criticism

Indian budget hotel chain start-up Oyo, valued at $10 billion in its latest fundraising round, has faced a number of gripping headlines, including multiple reports of hotel owners in India and China not getting adequate compensation from the company. In an exclusive interview with CNBC’s Seema Mody on “Squawk Alley” on Tuesday, Oyo’s CEO and founder, Ritesh Agarwal, dismissed those complaints and instead touted Oyo’s business model. “One of the things that’s consistent, if you speak to hotel owners or customers across the world, is that the proposition of Oyo…

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CDC issues travel guidelines for Hong Kong due to coronavirus

A customer has his temperature taken during a screening outside a Cafe de Jargor restaurant during its first day of operations in Hong Kong, China, on Saturday, Feb. 1, 2020. Chan Long Hei | Bloomberg Getty Images The Centers for Disease Control and Prevention issued new guidelines on Wednesday for American travelers to Hong Kong after the city reported its second death from the new coronavirus. Travelers to Hong Kong should avoid contact with sick people, the CDC said, and regularly wash their hands. It is the CDC’s lowest-level travel…

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What to do, see, eat on Rapa Nui including moai statues

Rapa Nui, otherwise known as Easter Island (or Isla de Pascua), is one of the most remote inhabited places on the planet. It’s hard to find on a map — the island is little more than a stray dot in the vast southeastern Pacific Ocean. Its closest neighbors are the tiny Pitcairn Islands (some 1,200 miles away), while the nearest continental point is Chile, which is 2,200 miles to the east — or five hours by flight. Map of Easter Island, or Rapa Nui. Despite its extreme seclusion, most people…

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Air travel demand set to decline for first time since 2009

Passengers wear protective masks as they wait at Hong Kong International Airport, following the coronavirus outbreak in Hong Kong, China, February 7, 2020. Hannah McKay | Reuters Global air travel demand is set to decline for the first time since 2009 because of the coronavirus outbreak, the International Air Transport Association said Thursday. Pauses in corporate travel and overall slumping demand due to warnings about the rapidly spreading illness have prompted carriers to suspend service or drastically reduce China service. The virus’s impact on demand will cost airlines globally more…

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