Tuesday, June 20, 2023

Japan’s Hotels Record Fivefold Increase in Overseas Investment

  • Japan’s hotel sector has seen a significant increase in overseas investment, reaching $691 million year-to-date.
  • Construction and finance costs have led to the cancellation or delay of hotel projects in Australia, resulting in a reduction of almost 1,000 planned hotel rooms.
  • Macau experienced a 270% year-on-year increase in visitor arrivals in May, with Mainland China being the largest source of visitors.

The South China Morning Post said Japan’s hotel sector drew a fivefold increase in overseas investment to US$691 million a year to date. A 3.4 billion yen deal by Hong Kong-listed Golden Resources Corporation for Japan’s Ni Corporation is likely to close as soon as the end of this month. Ni Corp owns 133 parcels of land […]