Flight-themed capsule hotel in Japan seeks bankruptcy protection

Lodging and restaurant operators risk exhausting cash in six months, report says

20200424N First Cabin 2

First Cabin put an upscale touch on capsule hotels. (Photo from company's Facebook account)

MAMI OSADA and SHIORI GOSO, Nikkei staff writers

TOKYO -- Japanese capsule hotel operator First Cabin filed for bankruptcy protection Friday as the coronavirus pandemic hits an industry already struggling with surplus capacity.

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