Ryokan (inn) Ryokan (inn) A is a type of traditional Japanese inn that has existed since the eighth century A.D. during the Keiun period, in which the oldest hotel in the world, Nishiyama Onsen Keiunkan, was created in 705 A.D. Another old ryokan called Hōshi Ryokan was founded in 718 A.D and was also known as the world's second oldest hotel. Such inns also served travelers along Japan's highways. They typically feature "tatami"-matted rooms, communal baths, and other public areas where visitors may wear yukata and talk with the owner. Ryokan are difficult to find in Tokyo and other large cities because
Hotel by the same family for forty-six generations. The title was held until 2011 by the Hoshi Ryokan, in the Awazu Onsen area of Komatsu, Japan, which opened in the year 718, as the history of the Nisiyama Onsen Keiunkan was virtually unknown. The Ritz-Carlton, Hong Kong claims to be the world's highest hotel. It is located on the top floors of the International Commerce Centre in Hong Kong, at above ground level. In October 2014, the Anbang Insurance Group, based in China, purchased the Waldorf Astoria New York in Manhattan for US$1.95 billion, making it the world's most expensive hotel