Australia tourist towns brace for flash floods as Cyclone Jasper tears through

Residents of tourist towns in Australia‘s northeast on Thursday braced for flash flooding after Tropical Cyclone Jasper tore through the region, uprooting trees, leaving tens of thousands without power, and forcing evacuations and road closures. A tropical cyclone was building strength as it rolled towards northeastern Australia on December 13, with authorities warning “life-threatening” floods […]

Japan developers boost hotel investment as foreign tourists flood in

TOKYO — Japan’s real estate companies are ramping up their investments in hotels as foreign tourists return to the country with a vengeance. Nittetsu Kowa Real Estate is entering the business and will invest 40-50 billion yen (around $270,000-$330,000) in hotels over five years. NTT Urban Development will increase the number of hotel rooms it […]

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