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Story summary
- Gora Kadan ryokan opens a second property east of Mount Fuji.
- The original ryokan began operations in 1948 within a former imperial villa in Hakone.
- President and CEO Ryutaro Hashimoto says small luxury Japanese hotels have struggled over the past 30 years.
- He notes the market relied on domestic guests before foreign arrivals surged to about 42 million from 8 million ten years ago.