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Travel & Leisure

Luxury hotels pop up in Japan for Western visitors

Property developers tap tourism boom to diversify income sources

Halekulani Okinawa expects that foreigners will account for three out of 10 guests in the future. (Photo by Hiroyasu Oda)

TOKYO -- Real estate companies in Japan are busy building luxury hotels that will charge more than $250 a night, perceiving a shortage of top-of-the-line accommodations due to a surge in international travelers, particularly from the U.S. and Europe.

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