Domestic tourism to drive Japan hotel recovery - JLL
The road back for Japan's hotel industry is set to be characterised by domestic tourism, pricing reassessments of assets and limited distressed sales in the short term, according to JLL.
Ritesh Agarwal, Founder & Group CEO, OYO to forego 100% of his annual salary, and the executive leadership team to take voluntary salary cuts
CEO of OYO, Ritesh Agarwal, to forego 100% of his salary for rest of the year effective Apr' 2020. With Travel, Hospitality & Tourism sectors among the worst affected by COVID-19, OYO's entire executive leadership (CXOs) team takes a voluntary pay cut, starting at 25%.
JR East, Kinokuniya & Muroo Co. Ltd Partner With Infarm To Power Urban Farming Expansion To Japan
The agreement marks the first expansion of Berlin-based urban farming company to Asia, offering produce freshly-harvested at JR East-owned Kinokuniya retail locations in Tokyo starting in summer 2020. An additional distribution partnership with Muroo Co. Ltd will drive Infarm's national...
In 2019, Japan enjoyed its highest foreign visitor numbers on record, rounding off a ten year period of growth in the nation's tourism sector, with more international travelers using Japanese railways than any other year throughout the decade.
Recently, Asianwallets has signed cooperation agreements with Japanese mobile payment providers Globepay and Trysee. The three parties will provide "local payment services" and "exclusive benefits for members" targeting Southeast Asian tourists travelling Japan.