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News Release

Tokyo

Jones Lang LaSalle Hotels Says Tokyo Hotel Performance Has Hit the Bottom

"FocusOn:Japan's Hotel Market After The Quake - Updates as of July 2011" is released.


[Tokyo, 13 July 2011]
 
 
Jones Lang LaSalle Hotels is pleased to announce the release of the update report on Japan’s Hotel Market After The Quake which was originally issued in May 2011.

 

Mr. Tom Sawayanagi, Managing Director Japan, Jones Lang LaSalle Hotels noted, “ Lodging demands on domestic and inbound corporate are rapidly picking up after the first 30 days passed from the 3-11 earthquake. In addition, domestic leisure demands are also recovering, and Japan’s Golden Week, a week-long holiday season in the first week of May, saw good occupancies in holiday destinations near to Tokyo. These positive factors have assisted Tokyo full-service hotel trading performance to bottom out in May. The Revenue Per Available Room in May 2011 was 37% decrease as compared to May 2010, which was better than 57% decrease in April.”

 

“Meanwhile, inbound leisure volume hasn’t come back yet because of the fear over the radiation leak in Fukushima. The inbound visitation to Japan in May 2011 still shows 50.4% decreased as compared to May 2010, for example. The government and industry are working hard to promote Japan to foreign countries by explaining safety outside of Fukushima area. The hotel market will fully recover only after the inbound leisure volume is back. The next Chinese New Year in January 2012 could be the time to see the turning point.”, he added

 

 

 
”FocusOn : Japan’s Hotel Market After The Quake
- Updates as of July 2011”


Japanese / English