Japon : "Hotel performance in Japan understandably has suffered following the earthquake and tsunami in March 2011, but the countrys hotel industry is making a comeback"
The launch of the STR Global Japan Hotel Review coincides with the expansion of the sample of participating hotels in Japan to 316 as of November 2011. This is an increase of 66 hotels or 26.4 percent since December 2010.
We are delighted to witness the resilience of the Japanese hotel market seen in the upturn of performance following the dramatic earthquake and tsunami in Japan last March, said Elizabeth Randall, managing director of STR Global. We can now better serve this valuable market, and the Japan Hotel Review will enable our clients to continue following the performances of 24 segments in one report, from country-level down to Tokyo split by class on a monthly basis.
Japan's hotel industry reported dramatic falls in year-on-year revenue per available room (RevPAR) in the aftermath of the disaster, but those have been replaced by steady monthly improvement.