Palace Hotel Tokyo rose ADR to 86,000 JPY a night in May 2023, 28,000 JPY higher than 2019

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Palace Hotel Tokyo revealed that ADR rose to 85,881 JPY in May 2023, 28,273 JPY higher than the same month in 2019, though the occupancy rate was 70.3%, lower than March or April, a cherry blossom season. A share of international guests primarily from U.S., U.K. and Hong Kong was 67.8% of the total. 

Zentis Osaka, a Palace Hotel Group, also had a high international guest share of 72.4% from a variety of source markets, such as a share of 35% from Asia and 30% from U.S., Europe or Australia. ADR was 20,997 JPY, and the occupancy rate was 61%. 

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