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| Above, Hotel Sunroute Asakusa in Tokyo. Photo by Armand Vaquer. |
Finding affordable accommodations in Japan is getting just a bit harder to do.
Since Japan has ended its restrictions on foreign visitors, the room rates of Japan hotels have soared. Some of the hikes have been month-by-month.
According to Nikkei Asia:
TOKYO -- Hotel prices in Japan have soared as government subsidies boosting travel kick in and foreign tourists return, with room rates nearly 20% higher in December compared to the same month before the pandemic delivered a serious blow to the sector.
Not only are more tourists coming in, but a labor crunch has forced some hotels to limit the number of rooms on offer, which in turn has cut supply and driven prices up.
The average December room price in Japan was 17,127 yen ($131), according to American hotel market data company STR, 10.8% higher than the previous month. The figure is 18.4% higher than the average in December 2019.
That marked the second consecutive month the average price was higher than the same month in 2019. December's growth rate over the same month in 2019 was 15 percentage points higher than that of November, while the occupancy rate stood at 75%, just under the 2019 rate of slightly over 80%.
Japan isn't the only place where hotel rooms have soared. A friend and I have been checking hotel room rates in Phoenix, Arizona and many of them are $200 and above per night.
To read more, go here.
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