Travel & LeisureJapan's H.I.S. aims to cut reliance on travel to 20% of business
Tour company looks to noodles and electricity for new revenue amid COVID
Japanese tour agency H.I.S. is seeking opportunities in other business sectors due to a decrease in travel amid the coronavirus pandemic. (Photo by Karina Nooka)
NATSUMI KAWASAKI, Nikkei staff writer
November 10, 2020 17:00 JST
TOKYO -- Japan's second-largest tour agency, H.I.S., is looking to reduce its reliance on travel to 20% of its overall business from the current 90% by expanding into other sectors such as noodle restaurants and the retail market for electricity, CEO Hideo Sawada said on Tuesday.