Japan fair trade watchdog warns Tokyo hotels over information-sharing

Business

TOKYO: Japan's fair trade watchdog has warned 15 luxury hotels in Tokyo that their sharing of information on occupancy rates and prices could violate anti-monopoly laws. Hotel prices around the country have soared in recent months as record numbers of foreign tourists have flocked to Japan amid labour shortages and stubborn inflation. Major hotel operators in the capital, including the Imperial Hotel and the New Otani, have held monthly meetings, the Japan Fair Trade Commission (JFTC) said in a

Tag-uri: Inflatie

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