TOKYO -- Tokyo hotel rates are rising faster than in New York or London, driven by foreign tourists looking to take advantage of a weak yen.
The average daily rate at luxury hotels is now around 30% higher than before the coronavirus pandemic.
Travel & Leisure
Tokyo luxury hotel rates soar faster than New York, London
Prices up 30% from before pandemic as weak yen draws in foreign tourists
Palace Hotel Tokyo increased its number of high-end suites during the pandemic to increase average spending per customer. (Photo courtesy of Palace Hotel Tokyo)
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