Tag: "ryokan"
Accommodation bankruptcies in Japan reached 127 in FY2020, the first over 100 in the past seven years
According to Tokyo Shoko Research, the number of accommodation bankruptcies in Japan in FY2020 was up 71.9% year on year to 127, the first over 100 since FY2013. 68 bankruptcies, 53.5% of the total, were relevant to COVID-19.