Japan Bets on Increased International Tourism Spending
Skift Take
- Japan Prime Minister Fumio Kishida is pledging to increase inbound tourism spending to more than 5 trillion yen per year.
- OYO has introduced an improved flagship patron-facing app – CO-OYO.
- The Economic Times reported on the comeback of “big fat weddings” in India.
Japan Prime Minister Fumio Kishida is pledging to increase inbound tourism spending to more than 5 trillion yen per year. The PM believes Japan can benefit from the yen’s recent fall to 24 year lows against the dollar. This is being said just as the country loosens up its border and Covid policies, including ending a cap on daily arrivals.
Tropicana Corp Berhad signed a hotel management agreement with Marriott International to build a 270 key five-star hotel at its mixed development in Langkawi, Tropicana Cenang. The Sheraton Langkawi Resort and Spa will have a gross development value of RM352 million. It is part of the 5.3 acre Tropicana Cenang development, which fronts Pantai Cenang and offers residential, hospitality and commercial components with a total GDV of RM1.4 billion. This will be Tropicana’s third hotel collaboration with Marriott, following the W Kuala Lumpur and Courtyard by Marriott Penang. The new hotel is
