Hong Kong investors turn to Japan’s hotels as funds, tourists soar to record high

Quick Summary:

Japan’s low interest rates and booming tourism are attracting investors like the Chiu family and Dorsett Hospitality International.

Hon Kwok Land Investment, which owns and operates hotels in China and Hong Kong, and the Chiu family behind Hong Kong-listed developer Far East Consortium and Dorsett Hospitality International are among investors that have snapped up hotels in Asia’s second-largest economy.

Second-placed China secured US$13.3 billion, with US$900 million from foreign investors.

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Article Details

Author / Journalist: Cheryl Arcibal

Category: Business

Markets: Hong KongChinaJapan

Topics: Chiu Year China Billion Investors Dorsett Japan’s Investment Hotels Family Hong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 11:00:18 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 231 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22904082

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