Japan Hotel Rates Soar to $125 as Tourism Boom Strains Capacity
- Average hotel room rates in Japan up 25.5% in February 2024 vs a year earlier, to 18,915 yen ($124.68)
- Rates have exceeded year-earlier figures for 26 straight months amid tourism boom
- Number of foreign tourists visiting Japan has surged since pandemic recovery
- Shortage of hotel workers contributing to spike in rates
- Weak yen making Japan more attractive to foreign visitors
