Recently the Yomiuri News reported the following:
The result of an investigation done by the Tokyo Shoko Research released on the 15th showed that the number of bankruptcy in the lodging industry, such as inn and hotel, had doubled after the East Japan great earthquake.
The bankruptcy number in April to August after the earthquake disaster was 74 cases, and it had twice exceeded the 35 cases of the corresponding period last year.
The decrease in the number of visitors was due to the self-discipline mood after the earthquake disaster, and the rapid decrease in foreigner visitors to Japan, all had the effect in reducing the number of visitors.
The total this year from January to August amounted to 103 cases, it was an increase of 63% compared with the corresponding period last year; and it was the same as the annual total bankruptcy number in the previous year.
The companies regarded it as "having a situation which approaches 145 cases in 2008 which is the highest number after the coming of the Heisei age." The total liabilities from January to August reached 86,020 million yen, an increase of 96%. In all prefectures separately, the highest was in Nagano (12 cases), followed by Hokkaido (seven cases), Tokyo, and Shizuoka (both six cases).
In view of the poor economic situation in Japan, a drop in hotel business in within the expectation.