TOKYO -- 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 million to $330 million) 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.
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