Tokyo hotel performance
Tokyo Room Rates Reached a New Peak in May
CoStar Group | June 12, 2024
WASHINGTON – 12 June 2024 – Tokyo’s hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR) in May, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. May 2024 (year-over-year % change): Occupancy: 78.4% (+4.2%) ADR: JPY 37,671.27 (+44.0%) RevPAR: JPY 29,529.07 (+50.0%) According to daily data, Tokyo’s occupancy levels peaked on Saturday, 25 May (89.1%), helped by a number of music events held in Tokyo Dome. The market recorded its highest RevPAR levels on the...
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...
