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Travel & Leisure

SoftBank-backed Oyo to merge Japan hotel and residential units

Hotel startup to rationalize businesses in wake of coronavirus pandemic

Oyo is combining its businesses in Japan to "provide a single platform," according to the chief of Oyo Hotels Japan.

TOKYO -- India's Oyo Hotels & Homes will merge its hotel and short-term residential businesses in Japan as soon as this month, as pressure from the new coronavirus outbreak pushes the SoftBank Group-backed startup to restructure just over a year after its launch in the country.

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