Love Hotel Business!

If you have been in Japan long enough you will have often wondered about love hotels and the mystery that surrounds this hotel business. If you want to know the details, there is a great event coming up! See below for details!

The American Chamber of Commerce in Japan Presents:
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LABOR OF LOVE: THE PLAN TO REVOLUTIONIZE AN OVERLOOKED JAPANESE INDUSTRY Stephen Mansfield, CEO, New Perspective (asset manager for Japan Leisure
Hotels)

DATE: Thursday, June 25, 6:30 - 8:30 p.m.
VENUE: Hilton Nagoya 4F Fuji
COST: Members: 3,500 yen, guests: 5,000 yen REGISTRATION AND CANCELLATION DEADLINE: Tuesday, June 23
HOST: Business Program Committee - Chubu
NOTE: This meeting is OFF THE RECORD
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EVENT OVERVIEW:

There are approximately 25,000 love hotels in Japan, and with typically
25 rooms per hotel, the industry accounts for an estimated 0.75% of Japan's GDP or over $40 billion. Yet it remains a backwater: no single operator or owner controls more than 100 hotels, and in fact 90% of all owners have five or fewer properties. This means few, if any, operators have the size and financial resources to achieve the scale, transparency and accountability to develop a more mature business and realize the potential of the strong underlying fundamentals.

Japan Leisure Hotels, which listed on the AIM section of the London Stock Exchange in January 2008, plans to make its brand, Bonita Hotels, the first nationally-recognized name in short-stay accommodation and lead the impetus for consolidation in the industry. Just as investment by major developers in the 1980s and 1990s changed Las Vegas from a town of questionable repute into a mainstream holiday destination, Japan Leisure Hotels believe it can bring what is perceives to be a fringe business into the mainstream. Success would bring huge rewards, but it's a daunting challenge. Can Bonita Hotels revolutionize this overlooked Japanese industry? Decide for yourself at what promises to be a lively presentation and discussion.

Steve Brown and Mike Wright
Business Programs Committee - Chubu

TO REGISTER CONTACT:
Noriko Kato
Operations Manager - Chubu
The American Chamber of Commerce in Japan (ACCJ) Tel: +81 52 229-1525
Fax: +81 52 222-8272
Email: nkato@accj.or.jp

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