[Updated] OYO said to mull shutting down co-living business in Indonesia

An OYO property in Jakarta, Indonesia. Source: OYO Indonesia website

Editor’s note: This article was updated February 14 after OYO issued a new statement to DealStreetAsia denying any plans to close OYO Life in Indonesia. The company did not address the issue directly in its initial response.

Indian budget hotel chain Oyo Hotels and Homes (OYO) is considering shutting down the Indonesian operations of its co-living arm, OYO Life, DealStreetAsia has learnt.

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