/

Hotelier’s share price shoots up on good news

Kyodo

An operator of amusement parks and hotels at the foot of Mount Fuji saw its share price spike Wednesday after a UNESCO panel recommended that the iconic peak be granted World Heritage status.

Shares in Fujikyuko Co. closed at ¥1,065, hitting its daily limit and up 16.39 percent from the previous day. The firm, which also operates buses and trains in the area, said it is the first time in almost 22 years its stock has topped ¥1,000.

“Investors thought that the company’s business will pick up because tourist spots that were given the World Heritage status in the past saw an increase in foreign tourists,” a stock strategist said.