Indian hotel startup Oyo’s Japan unit sells long-suffering residential biz

The logo of OYO, India’s largest and fastest-growing hotel chain, installed on a hotel building is seen through wires in an alley in New Delhi, India, September 25, 2018. REUTERS/Anushree Fadnavis

Indian hotel startup Oyo Hotels & Homes is to sell its short-term residential business in Japan.

SoftBank Group-backed Oyo has struggled with the unit’s lackluster performance since its launch two years ago.

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