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Economy

Hotels to add 60,000 rooms in Japan by 2020

Business lodgings drive growth; shortage for Olympics tourists looms

Japan is seeing a surge in foreign arrivals in the runup to the 2020 Tokyo Olympics.

TOKYO -- Japan appears headed for an increase of over 60,000 hotel rooms by 2020 as business lodgings and foreign chains launch new locations, eyeing an influx of visitors to the country that should peak during the Tokyo Olympics.

The pace of hotel room growth is double that of the previous four years. Total investment will reach roughly 1 trillion yen ($8.52 billion), according to an estimate based on Mizuho Research Institute data.

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