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Hotels in Japan slash prices as occupancy rates plunge

Kyoto and Fukuoka see discounts of up to 25% during normally busy season

The Imperial Hotel in Tokyo: Occupancy rates plunged to near half in February. (Photo courtesy of the company)

TOKYO -- As Japan suffers a coronavirus-induced drop in travel, hotel chains are slashing room rates for about 30% of stays during the normally busy early spring season, a Nikkei analysis of online booking sites shows.

Prices were down on average about 20% on Monday from those offered on Feb. 26 as shown on the Rakuten Travel and online booking sites for 1,087 of the 3,624 stays covered.

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