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Travel & Leisure

Oyo's Japan unit sells long-suffering residential business

Oyo Japan will stick to hotel operation even in COVID-19 headwinds

Indian hotel startup Oyo Hotels & Homes is to sell its short-term residential business in Japan. (Source photos by AP and Arisa Moriyama)
ERI SUGIURA, Nikkei staff writer | Japan

TOKYO -- Indian hotel startup Oyo Hotels & Homes is to sell its short-term residential business in Japan.

SoftBank Group-backed Oyo has struggled with the unit's lackluster performance since its launch two years ago.

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