Luxury Ryokan for Tokyo’s most expensive district
Hulic, a major real estate company, announced plans to redevelop a prominent corner block in Tokyo’s shopping district Ginza into a luxury ryokan-style hotel with an opening scheduled for 2025. Big developers like Hulic seem to anticipate the return of foreign tourists to Japan. Due to the COVID-19 pandemic, Japan has not issued any tourist visas since spring 2020. But observers expect a change in this policy in the coming months. In 2019, almost 32 million foreigners visited Japan.
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