The company’s entire executive leadership team has taken a voluntary pay cut starting at 25%, with many opting for an additional uncapped amount, and some going up to 50% to enable building the runway for the company.
This fast-paced growth is backed by a strong balance sheet of about $1.5 billion, and fueled by the company’s success in China with presence in 337 cities and over 500,000 rooms
The SoftBank-backed company also said in the quarter ended June; it posted its highest grossing months with total booking value touching nearly $100 million