Natural disasters like earthquake and tsunami have a great impact on economy and it takes a while for countries to recover from natural disaster. Japan’s recent condition – earthquake, tsunami and then nuclear meltdown has affected travel and tourism industry very badly. Tokyo’s renowned luxury hotel Shangri-La has been forced to shut down its operations temporarily to take stock of the situation. It is grim news indeed because tourism does bring in a lot of revenue which is what Japan needs to recover.
Shangri-La is a popular luxury hotel among foreign tourists and businessmen who visit Tokyo for leisure and business. Apparently the hotel rooms cost 70,000 yen per night (approx. $863) and it has some 300 full time staff on the pay roll. It must have been tough decision to send all staff on paid leave and close the shutters for more than a month, that too when blooming cherry blossoms rings in tourist season. Shangri-La is not the only hotel which has felt the impact of recent disaster; apparently other luxury hotels in Tokyo too have been compelled to remain closed till further notice. The disaster and radiation fears have forced many companies close down their businesses and many foreigners have fled Japan, also it is unlikely tourists will visit Japan this year. Luxury travel industry is badly hit and it may take a while to recover from economic losses.
Japan has faced many catastrophes in the past but it has always bounced back and recovered remarkably. It may take months or may be years but one can hope cherry blossom and Japan will lure tourists and visitors again.