Private equity funds pour money into hot spring resorts in Japan amid tourism boom ahead of Olympics

Visitors warm their feet at a hot-spring spa complex built on a man-made island in Tokyo Bay. Investment funds are buying into Japans spa business. Photo: AP

Private equity funds pour money into hot spring resorts in Japan amid tourism boom ahead of Olympics

Investors sense an opportunity as long-established family-run inns struggle to find successors and plan for the future

Funds based in Hong Kong and New York are snapping up ryokan they see as undervalued and mismanaged, and putting in professional managers

Visitors warm their feet at a hot-spring spa complex built on a man-made island in Tokyo Bay. Investment funds are buying into Japans spa business. Photo: AP

Eating on the go is a major no-no in Japan. Instead find a spot, stop and snack in stasis. Photo: Shutterstock

Japan has a problem with politeness, and troublesome tourists are doing nothing to help

Visitors from afar pay little attention to polite requests asking them to refrain from eating while walking

Despite being a major no-no in polite Japanese society, locals are worried about offending travellers by issuing too direct a decree

Eating on the go is a major no-no in Japan. Instead find a spot, stop and snack in stasis. Photo: Shutterstock

By registering for these newsletters you agree to ourT&CandPrivacy Policy