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Business trends

Hotel room rates fall as Japan moves to legalize home-sharing

Prices were down 9% last year in a boon to overseas visitors

More than 10% of foreign travelers use Airbnb-style lodging services in Japan. (Photo by Hiroki Obayashi)

TOKYO -- With Japan set to greenlight home-sharing services, the rise of such accommodation has already brought down hotel prices here, expanding lodging options for the growing ranks of foreign visitors. 

The average price per room at lodging facilities in Japan fell 9.4% on the year in fiscal 2017, according to Dutch hotel booking service Booking.com. And room rates for weeknight stays have declined 7% over the past two years, the Ministry of Internal Affairs reports.

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