|Above, Tokyo Tower. Photo by Armand Vaquer.|
Japan's hotels are thriving these days even though prices for Tokyo hotels are climbing.
According to Nikkei Asian Review:
TOKYO -- Average occupancy at 18 major Tokyo hotels edged up 0.1 percentage point to 83.8% in the year ended in March -- staying in the 80% range seen as near full occupancy -- even as hotels hike rates, though recent data shows signs of a downtrend.
Occupancy declined at 11 hotels and rose at seven, a Nikkei Inc. survey shows. At least 10 hotels saw average daily room rates climb 10% or more, with three more enjoying growth in the 9% range.
Palace Hotel Tokyo's occupancy slipped 2.4 points to 77.9%, while average room rates jumped roughly 15%. The hotel focused on service quality rather than guest numbers, including offering higher-quality food at the club lounge.To read more, go here.