As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020, according to data and analysis from STR.
IHG Hotels & Resorts and GI Capital Management today announce that they are poised to welcome a new era of elegant luxury to Japan, following the signing of Regent Kyoto which will open in 2024.
Hilton (NYSE: HLT) today announced the signing of a management agreement with Daiwa House Industry Co., Ltd. for DoubleTree by Hilton Osaka Castle.
Whether it be the blinding lights of Tokyo that draws your attention or the healing powers of ancient rituals or the ever-popular cuisines – this destination has been on bucket lists even before Japan took center stage to host the Olympics.
Hyatt Hotels Corporation (NYSE:H) announced today the opening of Hyatt Regency Tokyo Bay. The newly renovated 350-room urban resort is located in Urayasu city in the Chiba Prefecture and offers panoramic views of Tokyo Bay. It is close to premier attractions such as Tokyo Disney Resort®, the entertainment and shopping district of Odaiba, and Makuhari Messe, one of Japan's largest convention centers. The property is just 30 minutes by train or car from central Tokyo.
Many will perceive Tokyo 2020’s tourism legacy to be overwhelmingly negative, due to it taking place during a pandemic and the side-effects that have come with that. However, some positives can still be drawn when looking to the future of Japanese tourism, says GlobalData, a leading data and analytics company.
Marriott International today celebrates another milestone in Japan with the opening of the company’s 70th property in the country, Aloft Osaka Dojima. With this opening, Marriott International continues its solid growth in Japan as the hotel chain with the most brand offerings. The company has 70 properties across 18 brands in 21 prefectures including major cities such as Tokyo, Osaka and Kyoto, as well as other lesser known gems like Tochigi, Gifu and Wakayama. With a pipeline of over 30 additional hotels, including three hotels expected to open later this year, the portfolio is poised for continued growth in Japan.
Tribute Portfolio, the growing collection of characterful, independent hotels from Marriott Bonvoy, Marriott International's extraordinary portfolio of brands, travel program, and experiential offerings, continues to expand its footprint in Japan with the opening of Hiyori Chapter Kyoto. Located in Japan's historical and cultural hub of Kyoto, the 203-room new hotel is the second Tribute Portfolio hotel in Japan and is set to showcase the hidden gems of Kyoto for travelers and locals who seek out independent experiences and crave a connection with the community when traveling.
CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott), will be opening lyf Tenjin Fukuoka, Ascott's first lyf-branded coliving property in Japan on 16 June 2021. lyf Tenjin Fukuoka is the first of six lyf properties that are slated to open this year in Singapore, Hangzhou, Shanghai and Xi'an, as Ascott gears up to meet the strong demand by customers and property owners for the unique lyf coliving product.
COVID-19 sparks a dramatic 37% fall in the sector’s contribution to GDPMore than 290,000 jobs lost, while many more remain protected by the expansion of the employment scheme However, the return of international travel this year could see GDP contribution rise sharply and jobs return
International luxury hospitality leader Four Seasons Hotels and Resorts, Tokyo Tatemono Co., Ltd, a developer of condominiums and office buildings, and Hotel Properties Limited (HPL), a Singapore-based real estate company, have announced plans for the One Dojima Project in Osaka, Japan, which will include a brand-new Four Seasons hotel.
Far East Village Hotel Yokohama is located in the city centre of Yokohama, Japan. This international harbour city provides visitors the convenience of sightseeing with easy access to Minato Mirai, Pacifico Yokohama, Yokohama Stadium and Chinatown.
Ascott Residence Trust (ART) has entered into agreements to acquire three freehold rental housing properties in central Sapporo for a total of JPY 6.78 billion (S$85.2 million[1]) to expand its rental housing portfolio in Japan. The three rental housing properties – City Court Kita 1 jo, Big Palace Minami 5 jo, and Alpha Square Kita 15 jo[2] – are from unrelated third parties. The average EBITDA yield of the three acquisitions is approximately 4%. The transactions are expected to complete by end June 2021. The acquisition of the three rental housing properties will be funded by debt and part of the net proceeds from recent divestments.
Hotel Okura Co., Ltd. is pleased to announce that in January 2022 it will open the Hotel Okura Kyoto Okazaki Bettei in the world-famous and much-loved city of Kyoto, Japan's ancient capital. The company has contracted with Mitsubishi Estate Co., Ltd. to manage the new property.
IHG Hotels & Resorts and Avila Co., Ltd are pleased to announce that they have signed an agreement to open ANA Crowne Plaza Akita in December 2021.
New World® Hotels & Resorts has been appointed by Hong Kong SAR-based real estate and development firm La Plume Niseko Resort TMK to manage New World La Plume Niseko Resort, a new luxury resort in Japan set to open in 2023. Occupying nearly nine acres within the lush forest land between Mount Yotei and Mount Annupuri in Hokkaido, New World La Plume Niseko Resort will offer travellers unparalleled access to myriad outdoor experiences, including premier skiing and golf, as well as to renowned restaurants and shops in the nearby Niseko Village. This latest announcement from New World Hotels & Resorts highlights the brand's ambitious yet thoughtful growth strategy in the Asia region.
Shangri-La Group today announced a new joint venture with Samty Co., Ltd ("Samty Group", listed in Tokyo with stock code 3244) to develop a luxury hotel in Kyoto, Japan. The location of the proposed hotel is just north of the Nijo Castle, a UNESCO World Heritage Site, one of the most popular tourist destinations in Kyoto. It is conveniently situated just four kilometres north of Kyoto Station, one of the main gateways into the city. This hotel will be Shangri-La Group's second hotel in Japan, after Shangri-La Tokyo.
Rosewood Hotels & Resorts® has been appointed by Mitsubishi Estate Co., Ltd. to manage Rosewood Miyakojima on Mikayo Island in the Okinawan archipelago, opening in 2024. The 55-villa, ultra-luxury resort represents the first Rosewood property in Japan, in a destination acclaimed for its exquisite beaches with several of the country's most scenic locations.
In January 2021, the Nikkei-225 Stock Average reached a peak not seen in 30 years, despite the third wave of COVID-19 cases. However, the real economy remains sluggish. As such, JLL Japan Research released the monthly Recovery Index – a comprehensive indicator to visualise how the socio-economic situation, which was hit hard during the pandemic, is recovering. The index shows that the momentum of the recovery are largely depending upon government measures.
IHG Hotels & Resorts and Iwate Hotel & Resort Co., Ltd. today announce the signing of an agreement to open or refurbish three hotels in Japan's Appi region and badge them under world-class IHG brands in December 2021.