Archive For The “Kyoto” Category

Kyoto hotel industry boosted by foreign tourists

Kyoto hotel industry boosted by foreign tourists

Hotel revenues and occupancy rates in Kyoto are rising thanks to the recent boom in foreign tourist numbers. Even the typical off-season months in winter and summer are now seeing strong demand for accommodation. According to the Kyoto Convention Bureau, a survey of 34 hotels catering to foreign tourists found that the hotel occupancy rate…

New apartment prices in Kyoto reach record high in 2016

New apartment prices in Kyoto reach record high in 2016

The average price of a new apartment in Kyoto City increased for the sixth year in a row, reaching 52,960,000 Yen in 2016. The city is the second most expensive region in Japan for new apartments, with Tokyo’s 23 wards in top place with an average price of 66,290,000 Yen in 2016. Prices have been…

Park Hyatt opening in Kyoto in 2019

Park Hyatt opening in Kyoto in 2019

Hyatt Hotels and Resorts is planning to open a new hotel in Kyoto. Park Hyatt Kyoto will be located within the grounds of the Kyoyamato Restaurant in HIgashiyama-ku, which is about 600 meters from Kiyomizu-dera temple. The property was originally part of the estate of a sub temple and includes a tea room established 360 years ago. Details…

Investors finding success with Kyoto’s traditional machiya

Investors finding success with Kyoto’s traditional machiya

Kyoto’s traditional machiya townhouses are a popular commodity with domestic investors looking to profit from the booming tourist industry. Machiya are appealing for their charm and character which cannot be easily replicated in new construction. The traditional architecture and relaxing interiors are also a major drawcard for tourists travelling in families or groups. The age of…

Kyoto City trying to clear up ownership of its two biggest streets

Kyoto City trying to clear up ownership of its two biggest streets

Some of the land under Kyoto’s two biggest streets, Gojo Dori and Horikawa Dori, is said to still be privately owned by various individuals. According to the city, approximately 166 land titles covering a total area of 10,000 square meters underneath both Gojo and Horikawa streets are still in private names, representing about 1% of the…

Kyoto may relax local hotel laws

Kyoto may relax local hotel laws

On August 31, Kyoto City released a draft plan for potentially relaxing hotel laws in the city. With record tourist numbers, the city is anticipating a need for 6,000 additional beds by 2020. If approved, the relaxed rules could possibly allow hotels in zones where they were previously prohibited, provided strict obligations are met. In 2015, the…

Demolition of philosopher’s home in Kyoto starts this week

Demolition of philosopher’s home in Kyoto starts this week

Demolition of the former home of philosopher Kitaro Nishida (1870-1945) started earlier this week. Nishida, founder of the Kyoto School of philosophy, rented the traditional Japanese house from 1912 ~ 1922. It is 500 meters north-west of Kyoto University, where he was a professor. The 2-storey, wooden house was built in the later part of…

Historic school building in Kyoto to be converted into boutique hotel

Historic school building in Kyoto to be converted into boutique hotel

A 83-year old former elementary school building in Kyoto will be renovated and converted into a luxury, 40-room boutique hotel. On May 20, Kyoto City announced that they will sign a 60-year lease with NTT Urban Development Corporation. NTT will pay an annual rent of 65 million Yen (590,000 USD) for the building and land.

Kyoto City auctions off historic villa

Kyoto City auctions off historic villa

Kyoto City has auctioned off a 3,200 sqm site of city-owned land in Ukyo-ku. The ‘Narutaki-ryo’ was built in 1939 as the residence of Kozo Ohwatari of the Kyoto Dento Electric Power Company. After WWII, the property was acquired by Kyoto City and had been used as a wedding and function facility. The property includes a large landscaped…

Local group wants to curb speculative investment in Kyoto apartments

Local group wants to curb speculative investment in Kyoto apartments

A citizen’s group in Kyoto is campaigning for the city to introduce regulations to curb the recent speculative buying of apartments in the history city. On January 22, the Kyoto Community Development Citizen Association submitted a proposal to Kyoto City’s Town Planning Department seeking counter-measures against an overwhelming increase in real estate prices.

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