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Historic hotels pushed to brink by pandemic, pricey renovations : The Asahi Shimbun


Long-established hotels are falling like dominoes, victims of hard times brought on by the COVID-19 pandemic.
Part of the reason is their failure to adjust to new business norms during the health crisis that has seen occupancy rates plummet. 
In this environment, they found it difficult to raise funds to refurbish aging facilities. 
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Alarmed by the development, hotel operators are being urged to seek assistance from third parties to ensure that historically significant properties survive in some form.
Asahi Sakurai, head of the management department of the Hotel Grand Palace in Tokyo’s Chiyoda Ward summed up the situation facing many operators when he said, “We haven t generated big profits for a long time and our financial situation has worsened to the extent we can no longer wait for the market to pick up.” ....

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Japan juggles power struggles, hotel woes and what to do with repurposed ATM spaces


Feb 13, 2021
Next month, 10 years will have passed since the meltdown of three Fukushima nuclear reactors. Since that time, Japan has relied mainly on its aging thermal generators for its power needs, with solar power and other forms of renewable energy only supplying a small fraction of demand.
Peak power demand typically occurs during the summer months, when air conditioners are cranked up to maximum settings. One thing no one has counted on, however, is high demand during winter. The winter of 2020-21 has been an unusually cold one, with temperatures around the country plunging to levels seen perhaps only once in a decade, and this has sent chills down the spines of utility firms. ....

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