SoftBank-backed OYO to offload more loss-making properties amid virus crisis

SoftBank-backed OYO to offload more loss-making properties amid virus crisis

OYO in Manali, India. Photo: OYO Rooms

India’s Oyo Hotels and Homes, backed by SoftBank Group, plans to offload more properties around the world, three sources familiar with the matter said, as the coronavirus pandemic prompts it to speed up a retreat from a rapid global expansion.

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