TOKYO -- Leading Japanese travel agency H.I.S. is launching a tender offer for real estate developer Unizo Holdings, hoping to expand hotel operations as price competition dims the prospects for its mainstay business.
Grinding price war pushes Japanese company to find revenue source

Humanoid and dinosaur robots man the front desk at a Henn na Hotel near Tokyo's Haneda Airport. H.I.S. runs several of these robot-staffed hotels across Japan. (Photo by Riho Nagao)
TOKYO -- Leading Japanese travel agency H.I.S. is launching a tender offer for real estate developer Unizo Holdings, hoping to expand hotel operations as price competition dims the prospects for its mainstay business.