
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%.