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Fan-free Olympics leaves hotels Facing 1m cancellations

To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership. While large hotel chains with deep cash reserves can pace themselves for the long run and a post-Covid upturn in fortunes, for smaller operators the pandemic-hit Olympic dream is already testing their business stamina as bankruptcies in the sector pick up. A doorway divider “Noren” hangs in front of Kagurazaka Retro Hotel in the Shinjuku district.

Fan-free Olympics leaves hotels facing 1 million cancellations

Jul 21, 2021 From bellboys and receptionists to chefs and concierges, hotel staff in Japan are likely to find they have more time to watch the Olympics than they ever expected. A fourth COVID-19 emergency in Tokyo and a decision to bar spectators from the main athletics events have triggered a wave of hotel room cancellations. This latest setback puts further pressure on a hotel industry that bet big on the Summer Games serving as a springboard for Japan’s wider economic goal of attracting 40 million overseas visitors a year. While large hotel chains with deep cash reserves can pace themselves for the long-run and a post-COVID-19 upturn in fortunes, for smaller operators the pandemic-hit Olympic dream is already testing their business stamina as bankruptcies in the sector pick up.

Fan-Free Olympics Leaves Hotels Facing 1 Million Cancellations - Article

Yuko Takeo and Tamayo Muto, Bloomberg News A doorway divider Noren hangs in front of Kagurazaka Retro Hotel in the Shinjuku district. , Bloomberg (Bloomberg) From bellboys and receptionists to chefs and concierges, hotel staff in Japan are likely to find they have more time to watch the Olympics than they ever expected.A fourth Covid emergency in Tokyo and a decision to bar spectators from the main athletics events have triggered a wave of hotel room cancellations. This latest setback puts further pressure on a hotel industry that bet big on the summer games serving as a springboard for Japan’s wider economic goal of attracting 40 million overseas visitors a year.

Pandemic-hit Tokyo struggling to feel the Olympic spirit

Pandemic-hit Tokyo struggling to feel the Olympic spirit
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