HIGHLIGHTS
- Coronavirus pandemic is causing harm to tourism industry in Japan.
- Oyo Hotels is closing many of its regional outlets in Japan.
- Support from SoftBank is also not able to rescue Oyo from losses.
One of the largest startups in SoftBank Group Corp.’s portfolio, Oyo Hotels is reducing its footprint and employees in Japan. Due to travel restrictions, booking....
Tags : SoftBank Group Corp., Oyo rooms, India, Japan, Tokyo, Hiroshima, Nagano, Omiya, Saitama Prefecture, Sapporo, Sendai,
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