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

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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