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Wednesday, January 25, 2017

Japan's Hotels Saw Rise In Average Daily Rate In 2016

Above, the Niigata Dormy Inn. Photo by Armand Vaquer.

Japan's hotels saw rates climb in 2016.

Despite the rise, occupancy rates have risen during the same period with record numbers of foreign tourists visiting Japan.

According to Travel Daily Asia:
Japan’s hotel sector experienced a steady increase in ADR (average daily rate) last year. 
According to the full-year data from STR, the country’s ADR climbed 5.2% to JPY15,396 (approx. US$136) in 2016, due in part to the recovery of the yen, which increased nearly 10% against the US dollar in 2016. This marked the first time the yen had increased in value since 2011.

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