OYO forms JV with Softbank to launch hotel operations in Japan

"Combining OYO's most advanced business model with SoftBank Corp's knowledge of the Japanese market, we will provide brand-new hotel experience to travellers in Japan," Miyauchi said. With OYO Hotels Japan, OYO aims to harness its business model and technology-led operational capabilities to offer convenient and comfortable accommodations to travellers and guests in Japan and create increased business opportunities for its partners, the statement said. In similar vein, OYO Hotels and Homes Group CEO and Founder Ritesh Agarwal said, "Japan is fast emerging as one of the most popular tourist destinations in Asia. We, at OYO Hotels & Homes, see this as a huge opportunity and are excited to contribute towards the growth of the local economy by promoting tourism." We are delighted to have SoftBank Corp's support as always, as we gear up to enter the hospitality market in Japan, he said. OYO had recently announced the launch of housing rental business OYO Life in Japan. Founded by Ritesh Agarwal in 2013, OYO Hotels and Homes operates hotels, homes and living spaces with footprints in more than 500 cities across 10 countries. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt.https://itsmyurls.com/kunvindsee

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