Thursday, August 3, 2023

Japan’s Inbound Tourism Surges Thanks to Gulf Countries

  • China hotel RevPAR increased by 27.9% year over year and by 13.7% when compared to 2019.
  • Japan experienced a resurgence in inbound tourism, with GCC countries leading the way, and June 2023 saw 72% of the visitor numbers compared to June 2019.
  • Several hotels, including W Sydney, W Macao Studio City, and The Grand Copthorne Waterfront Hotel, have announced openings and renovations to cater to the recovering travel demand. Additionally, CapitaLand Ascott Trust signed a Memorandum of Understanding for acquiring lodging assets in the UK, Ireland, and Indonesia.

STR reported China hotel RevPAR for the week ending July 29th. Hotel RevPAR in China was up 27.9% year over year. It was up against a positive 8.5% comp in the year-ago week. When compared with the week in 2019, RevPAR was up 13.7%. Japan National Tourism Organization announced the resurgence of inbound tourism to Japan, with the Gulf […]