Japan luxury hotels target rich foreign tourists with new openings
[ad_1] TOKYO — Japanese luxury hotel operators are looking to open new properties designed to attract wealthy overseas tourists, expecting them to account for a large majority of guests. Palace Hotel, whose flagship property sits just across from the Imperial Palace in Tokyo, will increase the number of hotels it operates across the country by […]
Japan developers boost hotel investment as foreign tourists flood in
[ad_1] 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 […]