AICHI PREFECTURE’S HOTEL FILES FOR BANKRUPTCY DUE TO COVID-19

Highlights:

• The hotel had focused on attracting Chinese tourists was faced with cancellation by the tourists due to COVID-19 outbreak
• It is expected that nearly 400,000 cancellations in Japan by the end of March

COVID-19 outbreak has caused a loss in the economy for Japan with regards to tourism, manufacturing and agricultural industry. The tourism industry was severely hit due to....