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Oyo Hotels Enters Japan Via JV With Yahoo!

The joint venture will bring OYO Life, which provides a hassle-free, tech-driven, upgraded living experience at an affordable price

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OYO is all set to commence its operations in Japan in a joint venture with Yahoo Japan Corporation. The firm will be operate as Oyo Technology and Hospitality Company, Japan.
 
The joint venture will bring OYO Life, which provides a hassle-free, tech-driven, upgraded living experience at an affordable price. Also, it is focused on creating unique living experiences for the Japanese citizens, students, and young professionals, looking for good quality affordable accommodations.

“OYO LIFE is focused on creating unique living experiences for the Japanese citizens, students, and young professionals, looking for good quality affordable accommodations,” said Ritesh Agarwal, CEO & Founder, OYO Hotels and Homes.

Through this joint venture they promise to deliver good quality fully managed homes at affordable prices. Kentaro Kawabe, CEO, Yahoo! Japan, said “With our local know-how, online distribution network and marketing support, OYO LIFE will soon emerge as the most preferred abode for the Japanese citizens and visitors in the county”.

Japan has traditionally been a real estate market where rental housing requires the availability of security deposit, non-refundable key money as well as introduction fee for real estate agents, thereby creating difficulties, especially for first jobbers to rent a property. 

“With the launch of OYO LIFE, we are all set to leverage OYO’s hospitality experience to offer a first-of-its-kind, end-to-end fully managed housing experience. I look forward to leveraging our partnership with Yahoo! Japan and OYO's expertise from across the world to scale OYO LIFE, a product built in Japan for the Japanese customers,” added, Hiro Katsuse, CEO of OYO Technology & Hospitality Company, Japan.


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OYO Hotels japan Rental Market
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