Japan's Mori Trust bets on wealthy tourists in bullish forecast

Real estate developer predicts a surge in foreign arrivals and spending this year

20240716 Mori Trust Shisui

The restaurant at Mori Trust's 'Shisui, a Luxury Collection Hotel, Nara', located in the city of Nara, the 8th century capital of Japan. (Photo by Tetsuo Takada) 

MITSURU OBE, Nikkei Asia chief business news correspondent

TOKYO -- Japanese real estate developer Mori Trust is gearing up for a surge in the number of foreign tourists visiting Japan in 2024 and predicts their spending will reach record levels as it prepares to open luxury hotels later in the year.

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