Sept. 17 (Bloomberg) -- Luxury hotel occupancy in Tokyo may decline because of an increase in rooms and a delayed recovery in the world’s second-biggest economy.
“The beginning of next year is going to be very soft,” said Malcolm Thompson, general manager of The Peninsula Hotel Tokyo. “Even though we’re expecting the economy to pick up and the pointers are that things will, as hoteliers we’re still going to be challenged by the amount of supply.”
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