STR: Olympics Lifted Tokyo Hotel Occupancy to 17-Month High

STR | August 18, 2021

LONDON — August 18, 2021 — As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020, according to data and analysis from STR. Tokyo’s 47.2% occupancy level for July was the market’s highest monthly level since February 2020. Daily occupancy reached 60.5% and 60.6% on the night before and the night of the opening ceremony (22-23 July). The last time Tokyo had passed the 60% daily occupancy threshold was during the “Go To Travel” campaign on 21 November 2020. Preliminary data for August sh...