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| Above, a view of Tokyo's Sumida River from the Skytree. Photo by Armand Vaquer. |
The tourism boom in Japan is currently exceeding the current supply of accommodations in the country. The upcoming 2020 Olympic Games in Tokyo is creating a sense of urgency in getting more hotels built.
The Japan Times reported:
With Japan in the grip of a tourism boom in the run-up to the 2020 Summer Olympics, many domestic and foreign hotel operators are capitalizing on the growing demand for accommodations.
Marriott International Inc.’s top-end Edition brand will debut in Japan with two luxury hotels opening in Tokyo’s Toranomon and Ginza areas in 2020. The Maryland-based company is entering the market in partnership with real estate developer Mori Trust Co.
“Japan has an extremely short supply of luxury hotels,” said Miwako Date, president of Mori Trust.
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