UK investors have the opportunity to profit from Japan’s popular love hotel industry, following the launch of Japan Leisure Hotels on London’s Alternative Investment Market (AIM) – a sub-market of the London Stock Exchange.
Japan Leisure Hotels is to announce plans today to raise up to £100m on the AIM, according to the UK’s Financial Times.
Japan has about 25,000 of the hotels, which provide short-stay locations for couples, with each room used up to three times a day.
An estimated 2% of Japan’s adult population visits a love hotel every day and the industry has approximate annual revenues of £17.5bn a year, more than the UK’s entire hotel market.
By staff writer