Oyo is to flood Japan with its budget hotels through a new joint venture with SoftBank and SoftBank Vision Fund, Oyo Hotels Japan.

The number of rooms and locations have not been announced, but since regulation placed on private short-term letting led to Airbnb dropping 80% of its listings in Japan, there is a growing demand for affordable hotels across the country.

A February 2019 report by ASAP BUsiness and Development Partner Savills Research shows the increase in new rooms will be highest in Tokyo, estimated to increase by 25% 2018-20, ahead of the 2020 Olympics.

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