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Sunday, February 24, 2019

OYO Rooms forms JV with Yahoo to Launch Operations in Japan

Gurgaon-headquartered budget company, OYO, started its operations in Japan through a joint venture (JV) with Yahoo Japan Corporation to make OYO Technology and Hospitality Company, Japan.
OYO forms JV with Yahoo to Launch Operations in Japan

With this new entity, OYO will bring OYO renovating its successful housing rental product from India, reputedly named as OYO LIFE from Japan in the beginning of March 2019. The purpose of OYO LIFE is to enter, ready to provide an advanced living experience at affordable prices. Housing rent section in the country, targeting young and growing population of Japan, starting with students and young professionals.


Hiro Katsuse, Japan's former market leader for Japanese entrepreneur and Handy and Booking.com, has been appointed as CEO of the newly formed joint venture company.

Ritesh Agarwal, CEO and founder of Oyo Hotels and Homes said, "After successfully expanding our business in our domestic markets, India and China and expanding our presence in nine countries, we will start our third and potentially operational Are excited about The largest home market - through a joint venture with Japan, Yahoo! Japan to make OYO technology and hospitality company, Japan This new unit will focus on creating unique life experiences for Japanese citizens, students and young professionals, looking for good quality affordable housing, starting with our fully managed home brand - Oyo Life. "

OYO LIFE offers a new housing rental solution - which is ready to move into beautifully designed homes, which removes the hassles of finding, accessing and managing everyday housing. This is one of the biggest advantages of OYO LIFE. Customers can now choose a lifestyle that gives them the freedom to live their lives in their own way - the least amount of money and the financial independence without lock-in period and privacy so that they can save and spend the way they want. Able to These accommodation - easy to find apartments, homes, and shared spaces, can be easily known and can be easily availed because they can enjoy the necessary facilities including furniture, Wi-Fi connectivity, television, electronic home appliances, Regular Housekeeping, CCTVs are included. Monitoring at no extra cost for additional security and 24/7 support, digitally enabled locks.

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