Oyo hotels and rooms, in a joint venture with Yahoo! Japan, has expanded its operations in Japan. Under this, Oyo has started Oyo Life, the brand’s housing rental segment in India. The hospitality brand has appointed Hiro Katsuse as Chief Executive Officer, OYO Technology and Hospitality in Japan.
The Oyo Life offers apartments, homes, and shared spaces well-equipped with vital amenities. These places can also be utilised as workplaces.
Oyo Life will take responsibility for managing the property, including regular maintenance, thereby offering a hassle-free opportunity for homeowners to earn good rental incomes.
Ritesh Agarwal, Chief Executive Officer and Founder, OYO Hotels and Homes said, This new entity will be focused on creating unique living experiences for the Japanese citizens, students, and young professionals, looking for good quality affordable accommodations, starting with our fully managed homes brand – OYO LIFE.
“OYO is already the most preferred brand in the budget to mid-segment hospitality space in several markets like India and China, where our operational expertise in identifying, transforming and managing properties has helped us gain significant momentum, and we are certain that we will deliver great value in the Japanese market.”