OYO has 5,000 apartments and 200 hotels in Japan. Credit: Alexander Kaunas on Unsplash

Oyo in Japan is combining its hotel and its rental apartment businesses to reportedly cut down costs in the wake of coronavirus pandemic that has badly hit the hotel industry.

In 2019, Oyo ventured into Japan through its rental apartment business Oyo Life and expected to pace up the growth of its business with the backing of its investor SoftBank.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

An Oyo spokesman confirmed to Businessinsider.in that the two businesses are complementary.

The spokesman added: “This is the right time to merge operational capabilities and technology that have been built by our teams in Japan. Globally, we operate a diverse portfolio of hotels, homes and rental accommodation under the umbrella of Oyo Hotels & Homes and similarly, we are integrating both our businesses in Japan with the belief that this will strengthen our value proposition for our asset partnersand guests.”

Oyo developed technologies such as local revenue partner integrations, on-demand cleaning services, dynamic pricing engine, among others to cater to the Japanese market.

In April 2020, Nikkei Asian Review reported that Oyo Life had commenced moving its employees, primarily in sales, to other SoftBank affiliates in the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In January 2020, prior to the lockdown, the Oyo Life had reported bookings of 4,000 rooms, according to a blog post by Kavikrut and Prasun Choudhury, who are board members of  Oyo Life, Japan and Oyo Hotels, Japan respectively.

This occupancy is considered to be high given that Oyo has 5,000 apartments and 200 hotels in the country.

In June, Oyo Hotels launched Scrubbed Clean programme in the US to ensure the safety of all staff and guests amid the Covid-19 pandemic.