Apr 10, 2014

Chagrined Seibu cuts IPO value 73%

Seibu Holdings Inc., owner of Japan’s biggest hotel chain, reduced the size of its initial public offering by at least 73 percent with its largest shareholder opting out after investors balked at the valuation. Seibu is seeking as much as ¥50.1 billion ($491 million) ...

Hilton extends soap recycling to Japan

Mar 18, 2014

Hilton extends soap recycling to Japan

Hilton Worldwide has extended to Japan its key corporate social responsibility program to recycle leftover soap for reuse in developing Asian countries, the hotel chain operator said Tuesday. All 10 hotels in Japan have joined Hilton’s global initiative, alongside 700 fellow hotels worldwide, to ...

Ritz-Carlton hotel opens in Kyoto

Feb 7, 2014

Ritz-Carlton hotel opens in Kyoto

The Ritz-Carlton Kyoto opened Friday as the luxury hotel chain’s fourth branch in Japan, following those in Osaka, Tokyo and Okinawa. The hotel mainly targets wealthy travelers from abroad, charging between ¥65,000 and ¥1 million per room. The hotel has four floors above ground ...

Revamped inns target foreign guests

Jan 21, 2014

Revamped inns target foreign guests

by Junji Yamaguchi

Amid the latest tourism boom and in preparation for intensifying competition for guests ahead of the 2020 Tokyo Olympics, major hotels in downtown Tokyo have set out to win the hearts of foreign visitors with massive renovations infused with Japanese aesthetics while also upgrading ...