Japan Seeks Ultra-rich With Luxury Hotels

Lots of fancy hotels are popping up all over Japan. They're not cheap, but people keep building more. Some hotels are found in the city with soft beds, while others are near the beach. It doesn't look like this trend is going away soon.

A while ago, people were afraid they wouldn't have enough places to stay during the Tokyo Olympics and Paralympics. They thought 40 million tourists might come. Hotels started building more rooms. But now, because of the pandemic, many new rooms are empty. Guests have to isolate when they arrive.

Luxury hotels are popping up all over Japan and charging over ¥100,000 a night. COVID-19 restrictions and unused Olympic hotels are a thing of the past. Even overseas hotel chains are getting in on the action and trying out the Japanese market. It's not just local businesses building their brands.

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