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Foreign Tourism Boosts Japan Hotel Rates
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Overview
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Japan experiences a 25.5% surge in hotel room prices, reaching 18,915 yen in February, driven by a growing influx of foreign tourists benefiting from the weak yen.
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Does the dependence on a weak yen to attract tourists pose any long-term risks to Japan's hospitality industry?
How might the continuous rise in hotel rates affect Japan's overall tourism competitiveness?
What strategies could hotels in Japan implement to manage the influx of foreign tourists and maintain customer satisfaction amidst rising prices?
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