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.
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)
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.