In February, OYO had established its Japan operations, via a joint venture together with Yahoo! JAPAN, geared toward bringing its home rental merchandise to the nation, beginning from March this year.
The agency named OYO LIFE has gone now with over 1,000 residential units across Tokyo For this, the hospitality company will be seeking to give hassle-free, cheap and furnished rental flats to house seekers, therefore eliminating the requirement for a hefty safety deposit, key money, and debut charges.
“We are really excited to announce that OYO LIFE is now live in Tokyo. OYO LIFE is focused on creating unique living experiences for the Japanese citizens, students, and young professionals, looking for good quality affordable accommodation,”
SAID Ritesh Agarwal, CEO & Founder, OYO Hotels and Homes, commenting on the launch.
Loaded with tremendous chances to get a sharing market, the alternative has hit the ideal nerve with the youthful people in town, particularly for students and young professionals.
Thus far, the business has acquired more than 11,000 pre-registrations and has been touching an occupancy of over 114 percent in the time of this launching, the company stated in an official launch.
Together with OYO LIFE, a subscription-based subscription program — known as OYO Passport application — has also been established, which is accessible into the OYO LIFE residents with no excess charge. Utilizing this Passport, readers will have access to offers discounts, samples, events, and they’ll also be in a position to avail advantages from a growing list of organizations which are a part of their Sharing Economy Association of Japan (SEAJ).
Hiro Katsuse, CEO of OYO Technology & Hospitality Company, Japan, That Had Been present for the Launching Combined with Ritesh Agarwal and Kentaro Kawabe, CEO, Yahoo! Japan, Spoke about leveraging OYO’s hospitality Expertise to offer an end-to-end Home experience.