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SoftBank-backed Oyo quits rental business in Osaka and Nagoya

Indian hotelier to focus on Tokyo while pursuing hotel operations as planned

Oyo lets users rent rooms online without having to pay broker fees or deposits. (Nikkei Montage) 

TOKYO -- Indian budget hotel operator Oyo Hotels and Homes will withdraw from its struggling real estate rental business in the Japanese cities of Osaka and Nagoya, focusing its resources on greater Tokyo to improve earnings.

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