Travel & LeisureLuxury hotels pop up in Japan for Western visitors
Property developers tap tourism boom to diversify income sources
Halekulani Okinawa expects that foreigners will account for three out of 10 guests in the future. (Photo by Hiroyasu Oda)
HIROYASU ODA and RIHO NAGAO, Nikkei staff writers
TOKYO -- Real estate companies in Japan are busy building luxury hotels that will charge more than $250 a night, perceiving a shortage of top-of-the-line accommodations due to a surge in international travelers, particularly from the U.S. and Europe.