Tokyo Hotel Average Daily Rates Beat Pre-Pandemic Numbers for Two Straight Months

• STR said the reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate beyond pre-pandemic comparables for two straight months.
• Nikkei reported that Japan will launch a project to encourage global hotel operators to open luxury properties in national parks as early as in 2024.
• Hong Kong’s Chief Executive John Lee announced the general requirement for indoor and outdoor masking has been lifted.

STR said the reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate beyond pre-pandemic comparables for two straight months. The rise in room rates was preceded by improving occupancy which came in at 74.8% in December 2022 and dropped slightly to 69% in […]