Local News

Nishitetsu’s Hotel Business Takings Set to Double By 2025

Nishi-Nippon Railroad Co., Ltd. (Nishitetsu) announced that they expect their hotel takings to double to ¥40 billion by 2025. The company is set to expand their overseas developments with the 2020 Spring opening of one of their largest hotels to date in Bangkok, Thailand. By the end of March 2017, takings for their hotel businesses equated to approximately ¥18 billion. The company currently own two hotels abroad (both in Korea) and 18 in Japan (totaling to 5,076 rooms), but by 2025 they aim to open 40 branches (10,000 rooms) in total and significantly raise the percentage of takings accounted for by their overseas businesses. The hotel in Bangkok will be around 100m tall, 27 stories high, and will have a floor span covering ​​17,000 square meters. The facilities include 2,767 rooms, a rooftop bar, and swimming pool. The investment is set to cost ¥7.5 billion. Source: Nikkei Shimbun, 6/15/2017


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Category
Business
Published: Jun 16, 2017 / Last Updated: Jun 27, 2017

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