Kyoto Hotel has decided to postpone the renovation work of Hotel Okura Kyoto in Japan for the time being.
This decision reflects the current situation in which the procurement environment for construction materials has become unstable, partly due to developments in the Middle East.
Since the numerical targets, such as sales figures in the medium-term management plan, had been calculated on the assumption that some guest rooms would be taken out of service during the renovation work, these targets will be temporarily withdrawn and reconsidered when the renovation plan is resumed.
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