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American millennials started their careers during the Great Financial Crisis. Their Japanese peers have spent their entire lives in an economic slump. ....
Iranian and Venezuelan oil production went into freefall and their energy industries slid into decline due to underinvestment on the back of sanctions. ....
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. ....
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. ....
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 Japanâs wider economic goal of attracting 40 million overseas visitors a year. ....