Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Asia Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
U.S. President Donald Trump's national security advisor said on Sunday that White House Asia policy adviser Matt Pottinger would become his top deputy.Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
"Omotenashi" is a Japanese term signifying the traditionally correct way to treat a guest, and it's the guiding principle for much of the country's hospitality industry.
That sector has seen increased interest in recent years among domestic and international investors, according to a 2016 report by real estate firm CBRE, and new hotel developments are accelerating against the growing number of inbound tourists.
For one hospitality provider, Hoshino Resorts, the traditional Omotenashi ethic is still an important part of the experience. The company — a family business that has been around for more than 100 years and runs a total of 35 resorts in Japan — operates brands Hoshinoya, Kai and Risonaire, and it stands out for requiring all employees to be versed in each facet of hospitality.
That is, Hoshino Resorts employees aren't specialized in one role — reception, housekeeping or kitchen duty, for example — and they are instead trained to perform across all duties. That practice allows the staff to deliver "the ultimate experience" for guests, according to Yoshiharu Hoshino, CEO of Hoshino Resorts.
Hoshino told CNBC's "Squawk Box" on Monday that the driving demand for luxury resorts in Japan is the curiosity of the Japanese culture and nature. In fact, CBRE's 2016 report on the Japanese hotel market said foreign tourists in Japan tend to visit gateway cities that are well-known overseas.
In 2015, Tokyo topped all other regions with the highest number of foreign visitor nights, followed by Osaka.
Japan is also opening its doors wide to foreign travelers, with the goal of welcoming 40 million international tourists annually by 2020 when Tokyo hosts the Olympics and Paralympics. In efforts to support its goal, the Japanese cabinet had recently cleared the way for full legalization of Airbnb-style short-term accommodations in Japan.
Asked if short-term rentals in Japan would pose a threat to his business, Hoshino told CNBC he is actually in support of the legalization. Any destination, he said, should have both types of accommodation as various types of travelers have different needs.
Assuming 40 million inbound tourists in Japan in 2020, as per the government's latest target, the supply-demand in central Tokyo and Osaka is expected to remain tight. Investment in hotels is set for rapid growth in the coming years, with a large number of new projects undertaken by hotel developers and institutional investors.
In fact, Hoshinoya Tokyo opened in the capital on July 2016, and it is labelled as the city's first "luxury ryokan" (a ryokan is a kind of traditional Japanese inn).
Hoshino Resorts has only two properties out of Japan, but its CEO — a fourth-generation hotelier — says he plans to introduce the rest of the world to his interpretation of Japanese hospitality.
The company is "going after the international market that is growing very rapidly," he said, adding that the "U.S. and European markets are very interested in experiencing the Japanese culture."