CNN reports on Japanese love hotels

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    A CNN video report about how Japan’s love hotel industry is doing well despite the recession:

    “I’d hate to use the term “recession-proof,” but it’s certainly proven very resilient over the last six to nine months,” said Steve Mansfield, CEO of New Perspectives, which operates six love, or “leisure,” hotels in Japan.

    One of them, the Bonita Hotel in Isawa, boasts a 257 percent occupancy rate. Rooms can be rented for three to 24 hours.

    Mansfield’s company estimates the industry in Japan pulls in $40 billion a year in revenue.

    The story is almost identical to a Reuters’ article that appeared in March – they even interviewed the same Stephen Mansfield. (Apparently they couldn’t find a Japanese person that owns any love hotels.)

    [via FG]

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