Kanazawa hotel market reaches over-supply
Kanazawa’s hotel market is rapidly reaching over-supply as developers move to cash in on growing tourist numbers.
The city saw a surge in developments following the extension of the Hokuriku Shinkansen route connecting Nagano and Kanazawa in 2015. The number of hotel rooms in the city has increased by 20% since then. Demand, however, has yet to catch up.