Oyo plans to entice coronavirus-stricken hotels in Japan with cash

To pay members a sum equal to a proportion of past year's revenue

Oyo Hotels, one of the largest start-ups in SoftBank Group’s portfolio, is promising cash to hotels in Japan that join its platform as bookings plunge in the coronavirus-stricken country. The Indian start-up, looking to get more hotels into its network and expand its reach, will pay new members a lump sum equal to a proportion of their past year’s revenue, the company said in a statement on Friday. Dubbed Oyo Partner Support Program, the offer is available immediately and will run indefinitely, the company said, without giving further details.
 
Oyo has struggled in Japan despite having the full endorsement