Friday, March 29, 2024 - Login

Japan government to help finance about fifty luxury hotels


Chief Cabinet Secretary Yoshihide Suga revealed over the weekend that the government was planning to assist the private sector in the financing of about fifty luxury hotels throughout Japan due to demand created by the increase in tourism.

“We’ll offer financial aid through the Development Bank of Japan using a fiscal investment and loan program in order to support hotel development,” Suga explained.

The government wishes to attract a larger number of affluent tourists to Japan, and in fact this is one of the key objectives of its push for the creation of three IRs in the second half of the 2020s.

Suga’s comments did not make clear whether or not luxury hotels within the prospective IRs will be eligible for the special government financial support.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief