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Travel & Leisure

Japan's tourism boom entices luxury hotel operators

Historic Okura Tokyo reopens with rooms going for an average $650 a night

The Okura Tokyo reopened on Sept. 12 after a four-year renovation: The luxury hotel market in Japan is still underserved, industry analysts say. (Photo by Ken Kobayashi)

TOKYO -- The luxury hotel market is booming in Japan, fueled by an influx of foreign visitors, ahead of the Tokyo Olympics next year.

Experts say the luxury hotel market is still underdeveloped in Japan, compared with its Asian neighbors and the West, but there are signs of change. Well-heeled travelers in Japan have long attracted attention from overseas hotel operators. Now leading domestic companies are entering the fray.

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