The Shangri-La Hotel group launched its first hotel in Japan on Monday, joining a list of foreign luxury inns that have set up in central Tokyo in recent years.
The new property, part of the Hong Kong-based luxury hotel group Shangri-La Hotels and Resorts, opens its doors near Tokyo Station amid the worst economic slump in almost a century.
Asked how the group plans to weather the global recession, Shangri-La Tokyo General Manager Wolfgang Krueger said it will pursue effective management despite the slump.