Market Chatter: Royal Hotel CEO Says Inbound Demand to Support Japan Hotel Prices

MT Newswires Live04-08

The Royal Hotel (TYO:9713) CEO Fumikazu Ueda said Japan hotel rates are expected to keep rising, supported by steady inbound demand despite China's travel advisories and Middle East disruptions, according to an interview with Nikkei reported Wednesday.

He said the weak yen continues to attract foreign visitors even as room prices increase, the report said.

While Chinese group travel has softened, business travel and arrivals from South Korea, Singapore and the Philippines are helping offset the decline, according to the report.

Some cancellations are emerging from Europe due to Middle East-related disruptions. Ueda added that hotels are increasingly using AI tools to fine-tune pricing strategies and manage demand, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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