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Occupancy Rates Increase at Central Tokyo Luxury Hotels
August 21, 2008
Central Tokyo luxury hotels have reported higher occupancy rates during the "Obon" summer holiday period compared to last year. For example, Hotel Okura in Tokyo's Minato-Ku reported occupancy rates 10 points higher compared to one year ago, while The Royal Park Hotel in Tokyo's Chuo-Ku reported an increase of 7 percentage points.
Occupancy rates traditionally fall at central Tokyo premium hotels during the summer holiday period, as traffic from business users decreases. This year however, usage by leisure users was up during the period to a large degree. Increases in gasoline prices and high fuel surcharges charged by airlines are thought to be behind the increased leisure usage, as many customers' appear to have opted for "Holidays in Tokyo."
Overall occupancy rates at Hotel Okura Tokyo have been down this year due to the slowing economy. Increased hotel usage by family travelers and others interested in hotel's plans targeting leisure travelers during the period were therefore seen as a welcomed boon.
August 18, 2008 Nikkei
