Ace Hotel coming to Fukuoka

After opening its first Asian location in Kyoto in 2020, Fukuoka has been selected as Ace Hotel’s second location. The hip Seattle hotelier will take up 8 floors in a mixed-use building under construction in Tenjin.Read more

Department Store plans 500 billion Yen redevelopment

Isetan Mitsukoshi Holdings is planning to invest 500 billion Yen (approx. US$3.2 billion) in a large-scale redevelopment project in the neighborhood around its landmark Isetan Shinjuku Department Store. This redevelopment plan is expected to boost annual department store revenues by 100 billion Yen.Read more

Condos canned as hotel set to stay on

There has been an abrupt change in plans for a hotel in Tachikawa, Tokyo. News of its closure and proposed redevelopment made headlines last June, but the developer appears to have sold the closed hotel to a local real estate company last month.Read more

Fortress to buy operator of Seagaia resort

On May 10, Sega Sammy Holdings announced the planned sale of the operator of Seagaia resort in Miyazaki to Fortress Investment Group.Read more

Japan’s shrinking hotel sizes

Hotel construction may have resumed to a normal pace post-pandemic, but the average floor size per building is shrinking rapidly. Nationwide, the average GFA of a hotel built in 2023 was 72% smaller than the recent high seen in 2018.Read more

Inbound tourism recovery bolsters hotel occupancy and room rates

With Japan's inbound tourism market now starting to exceed pre-pandemic levels, conditions are looking positive for hotel operators. A recent survey by Tokyo Shoko Research (TSR) found that 80% of the hotels were reporting occupancy rates of 80% and higher. Room rates, too, are now seeing pricing higher than 2019 levels.Read more

Business confidence returns to hotel operators as travel spending exceeds pre-pandemic level

Domestic travel spending by Japanese travellers saw a 14.8% increase in 2023 compared to the pre-pandemic level in 2019. According to the Japan Tourism Agency (JTA), travellers spent an average of 63,212 Yen per person.Read more