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Travel & Leisure

Tokyo hotel prices fall 50% for would-be Olympics opening day

Once-coveted July 24 bookings now very much available

Guests in this Tokyo hotel room with a panoramic view likely won't see fireworks on July 24. 

TOKYO -- July 24, 2020, was set to be one of the most difficult days in recent years to book a hotel in Tokyo. But with the 2020 Tokyo Summer Olympics postponed, the would-be opening day of the big event has seen a flurry of cancellations, leading to a steep drop in room prices.

According to a Nikkei analysis of hotel reservation site Rakuten Travel, the drop in prices has reached 50%.

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