Japan hotel bankruptcies top 25 in April

According to Tokyo Shoko Research, there were 25 bankruptcies in the hotel industry in the month of April. 60% of those were said to be directly related to the impacts of the coronavirus pandemic. This is a steep increase from the 2 bankruptcies reported in April 2019, and not far from the record high of 29 seen in May 2011 (following the Tohoku disaster).

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Japan’s largest hotel to house coronavirus patients

On April 10, hotelier APA Hotels & Resorts announced that the APA Hotel & Resort Yokohama Bay Tower will be leased out to Kanagawa Prefecture provide beds for coronavirus patients with light or no symptoms. The 37-story hotel is located on the Yokohama waterfront. With 2,311 rooms, it is the largest hotel in Japan based on room count.

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