Japan’s hotel business is expanding fast to tap tourists’ arrival

Published on : Tuesday, April 3, 2018

Japanese associations take hotel  funding for support in tourismThe hotel business in Japan is gearing as there is a rapid arrival of tourists.

 

 

With the fears of a shortage of accommodations ahead of the Tokyo 2020 Olympic and Paralympic Games are quickly becoming a thing of the past as companies ranging from apparel brands to wedding service providers jump into the hotel business.

 

 

According to real estate market research firm CBRE K.K., the number of hotel rooms in eight major cities, including Tokyo, Osaka and Kyoto, is expected to total 330,000 as of the end of 2020.

 

 

The Japanese and foreign hotel chains and non-hotel operators are in development to open lodging facilities amid the continued influx of foreign tourists into the country. The number of foreign visitors to Japan hit a record 28.69 million in 2017 from 8.61 million in 2010.

 

 

Yasuyuki Tanabe, the Japan manager for U.S. online home rental service Airbnb Inc., said that the new law regulating services which are involving in paid accommodations in private homes will “provide momentum to the expansion of the private lodging market” in the country.

 

 

The Airbnb has tied up with Recruit Holdings Co providing the housing information for easy accommodations, in an attempt to secure a large number of dwellings all throughout the year.

 

 

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17 getglobal 19
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 18 MILT 2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 uzakrota Istanbul 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. HOTEL INVESTMENT CONFERENCE AUSTRALIA NEW ZEALAND

      July 17 - July 19
    2. MICE INDIA AND LUXURY TRAVEL CONGRESS 2019

      July 23 - July 24
    3. FOOD & HOTEL INDONESIA 2019

      July 24 - July 27
    4. IITM Bangalore

      August 2 - August 4
    5. IITM CHENNAI

      August 9 - August 11
Get our toolbar!
Review www.travelandtourworld.com on alexa.com