Financial Times FT.com

Tourism: Currency swings alter landscape

By Jonathan Soble

Published: March 17 2009 11:47 | Last updated: March 17 2009 11:47

Western skiers and snowboarders who turn up at Japan’s Niseko resort this season are being given the following advice: if you want to buy bread and cheese at the local shops, get there well before dinnertime.

Niseko, a once obscure hideaway on the northern island of Hokkaido, has been transformed in the past half-decade by an influx of foreign tourists and investors, most notably Australians. Lured by a cheap yen as much as the powder-heavy slopes, nearly 18,000 Australians visited last winter, up six-fold over 2003-04.

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