Japan’s hotel industry checks out of big projects as costs soar

Labor shortages and rising materials prices force rethink, pivot to refurbishments The new design pictured for Tokyo's Imperial Hotel aims to rebuild its tower and alter the main building as part of a wider development of the area near the Imperial Palace. (Screenshot from Imperial Hotel's website) TOKYO — Soaring construction costs are forcing delays or rethinks for hotel development and renovation projects across Japan, even as investment in the sector surges on the back of anticipated growth in foreign visitors.

Read the full article at the source →