Tokyo Shoko Research released a report on March 18 on the current impacts the coronavirus is having on Japan’s hotel industry. We are only two months into the crisis and listed companies are one-by-one lowering their earnings estimates for the year.
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The impacts of the coronavirus are being painfully felt by hotel and ryokan operators in Shizuoka’s popular hot spring locations. Hotels and onsens that have relied heavily on tour groups from China are now facing either temporary or permanent closure.
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On February 4, Hilton announced plans to open an LXR-branded luxury hotel in Kyoto. The resort will be located within the 28-acre Shozan Resort Kyoto on the site of a former bowling alley.
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On December 7, Chief Cabinet Secretary Yoshihide Suga announced a plan to encourage and support the opening of fifty world-class luxury hotels across Japan. Suga made the announcement at a press conference following a visit to a town devastated by the 2016 Kumamoto earthquakes.
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Hiramatsu, a fine-dining and wedding function company, will be opening a boutique luxury hotel in Kyoto in March 2020.
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Preliminary images of the jaw-dropping design for the proposed Langham hotel in Tokyo have been released.
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To coincide with the triennial Okayama Art Summit 2019 which runs from September 27 to November 2, two new architect-designed boutique hotels have opened up in Okayama City. Both buildings were designed in collaboration between Japanese architects and foreign artists.
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Ichigo Hotel REIT has sold Hotel Vista Premio Kyoto to an undisclosed domestic buyer for 4.5 billion Yen (approx. 42 million USD). The 6-story, 84-room hotel has a total floor area of 3,867 sqm and was built in 2008.
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On August 7, Orix Hotels & Resorts announced that they are opening a 70-room hot spring resort near Gora Station, Hakone, in late 2020.
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US-based Travel + Leisure magazine has ranked Kyoto as one of the top 10 World’s Best Cities for the past seven years, so it is no wonder that in 2018 the number of hotel guests in Kyoto reached the highest number in history. The historic city welcomed 15.82 million hotel guests, up 1.6% from 2017 and the second year in a row to exceed 15 million.
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