Domestic tourism to drive Japan hotel recovery - JLL
The road back for Japan's hotel industry is set to be characterised by domestic tourism, pricing reassessments of assets and limited distressed sales in the short term, according to JLL.
Japan's JW Marriott Nara becomes 800th Marriott International hotel to open in the Asia Pacific
The Nara Prefecture in Japan has played host to a Marriott milestone, welcoming the company's 800th Asia Pacific hotel in the form of JW Marriott Nara.
Ritesh Agarwal, Founder & Group CEO, OYO to forego 100% of his annual salary, and the executive leadership team to take voluntary salary cuts
CEO of OYO, Ritesh Agarwal, to forego 100% of his salary for rest of the year effective Apr' 2020. With Travel, Hospitality & Tourism sectors among the worst affected by COVID-19, OYO's entire executive leadership (CXOs) team takes a voluntary pay cut, starting at 25%.
