H.I.S. to Close One-Third of Outlets in Japan
Tokyo, June 24 (Jiji Press)--Major Japanese travel agency H.I.S. Co. <9603> said Wednesday that it will close 80 to 90 of its 263 domestic outlets, or about one-third of the total, over the next 12 months to cut costs in response to slumping tourism demand amid the new coronavirus crisis.
Meanwhile, the company aims to boost sales of tour products online to make up for an expected drop in revenue from the outlet closures.
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