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THE OLYMPIC GAMES DID NO GOOD: A WAVE OF BANKRUPTCIES COVERED HOTELS OF JAPAN

Japan's hospitality business is suffering losses, and experts warn that ruin could threaten the entire hospitality sector. The pandemic has resulted in many hotels being less than 20% full in July. Hoteliers hoped that the Olympics, which were postponed to 2021, would help to increase activity. However, the IOC's decision to hold the competitions without the physical presence ...

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