Japan developers boost hotel investment as foreign tourists flood in

Nittetsu Kowa and NTT Urban plan sites tailored for overseas guests

TOKYO, Oct 16 (Nikkei) - Japan's real estate companies are ramping up their investments in hotels as foreign tourists return to the country with a vengeance.

Nittetsu Kowa Real Estate is entering the business and will invest 40-50 billion yen (around $270,000-$330,000) in hotels over five years. NTT Urban Development will increase the number of hotel rooms it supplies in the next three years by 50% over pre-pandemic levels. ...continue reading