With 100+ hotels across 50+ cities, OYO Hotels Japan launches service opening doors to quality hospitality experience

New Delhi, 25th October, 2019: OYO Hotels & Homes, the world’s second-largest and fastest-growing chain of hotels, homes, living and workspaces, today announced that its hotel business in Japan, OYO Hotels Japan, has formally launched service by opening the doors to 100+ hotels across 50+ cities including Tokyo, Osaka and Kyoto. OYO Hotels Japan had commenced operations in April 2019 through a joint venture with the SoftBank Group. The company also announced the appointment of Prasun Choudhary, an OYO founding member who has successfully launched a number of global OYO businesses, as the Operating Partner for OYO Hotels Japan.

Backed by an innovative business model and technology-led operational capabilities, OYO Hotels Japan, is offering convenient and comfortable accommodations to travellers and guests in Japan enabling them to experience #LivingTheGoodLife and creating increased business opportunities for several real estate owners in Japan.

Ritesh Agarwal, Founder and CEO (Group), OYO Hotels & Homes, said, “OYO was started with a simple belief that everyone deserves a beautiful living space. As the world's second-largest hotel chain, we are focused on expanding our presence and offering great hospitality experiences to over 3.2 billion middle-income travellers in the world. The service launch with 100+ hotels in Japan is a step forward in that direction. We will continue to be invested in driving efficient growth in Japan and across the globe.”

Commenting on the announcement, Prasun Choudhary, Operating Partner, OYO Hotels Japan, said, “We are very excited to launch hotel operations and extend our offering of good quality, beautifully designed, comfortable and ‘value-chic’ accommodations to domestic and international travellers in Japan. The 100+ hotel milestone, in a span of 6 months, is a big moment for us and further fuels our passion to continue to drive growth across the country while delivering quality customer service and empowering asset owners to run a sustainable business.”

OYO Hotels continues to bring its successful model of combining design, hospitality, and technological expertise, financial acumen and operational capabilities to real estate owners around the world, giving them the ability to get a higher return on investments, access easy financing opportunities, transform their hotels, and offer good quality customer service, thereby significantly increasing occupancy and profitability – in every OYO building. There are over 35,000 of these buildings worldwide. The company

partners building owners and helps enhance their overall look and feel, resulting in improved service quality, performance, returns, and improved customer experience.

Known worldwide for its innovative chic offerings that have impacted hospitality experiences positively, OYO Hotels & Homes has attracted some of the world’s leading investors, including Airbnb, SoftBank Vision Fund, Lightspeed Venture Partners, Greenoaks Capital, Sequoia India, and Hero Enterprise. With the support of the investors, asset owners around the world and customers, OYO is today a leading player in the hospitality industry in every country where it has a presence.

About OYO Hotels and Homes

Opening its doors in 2013, OYO Hotels & Homes is the world’s second-largest chain of hotels, homes, managed living and workspaces. The portfolio combines fully operated real estate comprising of more than 35,000 hotels and 125,000 vacation homes, and over 1.2 million rooms. Additionally, OYO along with Vacation Homes categories managed by the company under OYO Homes, Belvilla, Danland, Dancenter along with Germany-based Traum-Ferienwohnungen brands can be found in more than 800 cities in 80 countries, including the U.S., Europe, U.K., India, Malaysia, Middle East, Indonesia, Philippines, and Japan. The company also has a play in the housing rental business and co-working business in select countries.