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Japan’s hotel boom faces reality check
Lex專欄:日本酒店業繁榮面臨「現實檢驗」

As regulatory scrutiny intensifies and cost pressures rise, headline growth alone may not be a good guide to the future
隨著日本旅遊業出現歷史性繁榮,當地酒店營運商躋身於最大受益者之列,然而該板塊股票仍然表現欠佳。這是爲什麼?

In the heart of Tokyo, a modest hotel room now costs more than double what it did five years ago. As Japan experiences a historic tourism boom local hotel operators have emerged as some of the biggest beneficiaries. Yet sector shares continue to underperform.

東京市中心一間普通酒店客房的價格如今比五年前高出一倍多。隨著日本旅遊業出現歷史性繁榮,當地酒店營運商躋身於最大受益者之列。然而,該板塊股票仍然表現欠佳。

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