The activist investor Maguire has raised fair points that Yatra has taken too long to hire a chief financial officer and to hold board elections. But otherwise, CEO Dhruv Shringi and the management team have led the company well.
In Skift’s top stories this week, England welcomes fully vaccinated tourists, hotels are focusing on conversions rather than mergers, and Brazil is setting itself up to become a travel tech hub in Latin America.
Critics have been saying for years that Oyo needed to get its house in order and to tamp down on its reckless growth plans. Whether that actually happens or not will become clear over the next year or two.
India's devastating second wave of the pandemic is arresting the pace of the travel recovery, at least for the short-term. It's too early to tell if the shrinking industry will be able to cater to the vast pent-up demand once Covid is under control.
Despite being excluded from any government Covid relief to date, tourism stakeholders remain resilient and hopeful, with a future closer to vaccines plus promising backyard tourism trends.