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Rooms Within 1km of 14 Japan MICE Venues: Pacifico 6,028, Kyoto 340

Posted: 2026.10.22

Investment & Development

How many hotel rooms sit around an international conference center or exhibition hall is a starting number both for organizers who book the venue and for developers hunting for a site next door. This article measures the room stock within a 1 km and 3 km radius of the main entrance of 14 major convention and exhibition venues across Japan on the same yardstick, and reconstructs ten years of change from 2017 to 2026. Combined, the 1 km rings around the 14 venues hold 177 properties and 25,001 rooms, up 7,128 rooms (+40%) from 112 properties and 17,873 rooms at the end of 2017. Most of that increase, however, is concentrated around a handful of venues such as Pacifico Yokohama, while the 1 km rings of the Kyoto International Conference Center and the Sapporo Convention Center look almost exactly as they did ten years ago. After separating cities where rooms have been stacked next to the venue from cities where delegates commute from downtown, we read the development headroom of venue-adjacent land from zoning, land prices, flood/inundation risk and daytime working population, and estimate the ADR a 100-room hotel would need.

Metric Definitions Used in This Article

  • Rooms within 1 km / 3 km: Total rooms of lodging facilities (hotels, ryokan, simple lodgings, etc.; love hotels excluded) located within a straight-line radius of 1 km or 3 km from each venue’s main-entrance coordinates (re-derived by cross-checking the GSI Maps address search against map-service venue locations) and with selling prices confirmed on major booking sites from July 2026 onward. Properties registered twice because of renaming or an operator change were merged into one; properties closed for renovation, members-only properties and corporate training facilities were excluded. End-2017 values are the sum of properties in operation, reconstructed from each property’s opening and closing dates; properties with no confirmed sales and no closure record are not counted in either year (65 properties / 1,159 rooms across the 14 venues, of which Hiroshima 20 / 381 rooms and Fukuoka 17 / 300 rooms).
  • ADR (Average Daily Rate): Estimated contracted rate (tax-excluded equivalent) calculated by applying segment-specific correction factors to the lowest-plan level each property publishes on major booking sites (per room, 2 guests per room, tax included). Validated against property-level results disclosed by listed hotel REITs (91 properties, most recent 3 months), the median error is about 7%. These are estimates and differ from each property’s actual contracted prices and accounting figures. Area-level ADR is the median of target properties (the level of a typical property in the area); this article uses the 12-month average from October 2025 to September 2026 for the ward/city where each venue is located.
  • OCC (Occupancy): Share of sold rooms in total rooms in the area (an estimate based on OTA sales inventory). This article uses only observations at a lead time of 1 day and shows the number of target properties and rooms alongside.
  • References to listed prices mean the per-room rate for 2 guests per room (tax included).
  • Data sources: MetroEngines Research & Consulting (room stock, estimated contracted ADR, estimated OCC); MLIT Real Estate Information Library (zoning, official land prices, inundation risk); MIC/METI Economic Census (working population); published materials from each venue and municipality (venue size, plans).
Rooms within 1 km of 14 venues (2026)
25,001
177 properties, confirmed-sales basis
10-year increase (vs end-2017)
+7,128
+40% (112 → 177 properties)
Largest: Pacifico Yokohama
6,028
15 properties, +3,426 rooms vs 2017
Smallest: Sapporo Convention Center
85
3 km ring: 5,690 rooms
Venue-adjacent type (1,000+ rooms in 1 km)
7 venues
88% of rooms across the 14 venues
Key Takeaways
  • — 25,001 rooms in 177 properties: rooms within 1 km of the main entrances of 14 international conference centers and exhibition halls (October 2026, confirmed-sales basis), up 7,128 rooms (+40%) from 17,873 at end-2017.
  • — Pacifico Yokohama 6,028 rooms, Sapporo 85: a gap of more than 70x in on-the-doorstep rooms. The seven “venue-adjacent” venues with 1,000+ rooms in the 1 km ring account for 88% of the 14-venue total.
  • — 1 km / 3 km ratio: Makuhari 87%, Sendai and Sapporo 1%: Kyoto, Sendai, Sapporo and Fukuoka are “downtown-commute” venues that rely on downtown rooms. The 1 km ring of the Kyoto International Conference Center is mainly Category 1 Low-Rise Exclusive Residential zoning, where hotels are not permitted.
  • — Required ADR is 1.56–2.97x the host ward’s level: estimate for a 100-room hotel next to the venue (opening 2029, full-year OCC 80%), excluding Minato Ward, Nagoya at 1.19x (reference value, N=2). Land prices drive the result in Greater Tokyo and Fukuoka, construction costs in regional cities; even under the optimistic scenario the requirement exceeds the host ward’s estimated contracted ADR at 12 venues.
  • — 1,000 rooms coming to Makuhari in December 2027: the 1 km ring grows from 3,811 to about 4,800 rooms. Pacifico Yokohama’s National Convention Hall closes for renovation from May 2027, so venue-side schedules set the timeline of demand.

The 1 km Rings of 14 Venues — 6,028 of 25,001 Rooms Cluster Around Pacifico Yokohama

We start with the results of measuring all 14 venues with the same 1 km circle. As of October 2026, Pacifico Yokohama has the most rooms within 1 km at 15 properties and 6,028 rooms, followed by the International Conference Center Hiroshima (65 properties, 4,549 rooms), Makuhari Messe (3,811 rooms) and Tokyo Big Sight (3,054 rooms). By contrast, the Kyoto International Conference Center has just two properties and 340 rooms — one adjacent 310-room hotel and the center’s own 30-room lodge — while the Sapporo Convention Center has 3 properties and 85 rooms and the Sendai International Center 3 properties and 165 rooms. Under the same “international conference center” label, on-the-doorstep room supply differs by more than 70x.

Over ten years the gap has actually widened. Pacifico Yokohama’s 1 km ring grew by 3,426 rooms from 8 properties and 2,602 rooms at end-2017, led by a 2,311-room large hotel that opened in front of Sakuragicho Station in 2019, with further openings of around 300 rooms each between 2022 and 2026. Ariake around Tokyo Big Sight rose from 1,942 to 3,054 rooms, and Makuhari Messe from 3,280 to 3,811 rooms. Meanwhile the 1 km ring of the Kyoto International Conference Center stands at the same 340 rooms as in 2017, the Sapporo Convention Center went from 82 to 85 rooms, and the Sendai International Center fell from 195 to 165 rooms — flat to slightly down as small properties closed. A comparison that widens the radius to 5 km for exhibition venues only and tracks the occupancy lift during shows is covered in 6 Japan Exhibition Venues: 87x Room Gap in 5km, Show Lift Max +5.8pt.

Figure 1 Rooms within 1 km of convention and exhibition venues — end-2017 vs October 2026 (14 venues)
Source: MetroEngines Research & Consulting (1 km ring, confirmed-sales basis, N=177 properties; 2017 reconstructed from opening and closing dates)
Table 1 Rooms within 1 km and 3 km of the 14 venues (end-2017 → October 2026, confirmed-sales basis)
Venue (host ward/city)1 km, end-20171 km, Oct 2026Change3 km, 20261 km / 3 kmType
Pacifico Yokohama (パシフィコ横浜)
Nishi Ward, Yokohama
8 / 2,602 rooms15 / 6,028 rooms+3,42699 / 17,919 rooms34%Venue-adjacent
Tokyo Big Sight (東京ビッグサイト)
Koto City, Tokyo
3 / 1,942 rooms5 / 3,054 rooms+1,11216 / 6,449 rooms47%Venue-adjacent
Makuhari Messe (幕張メッセ)
Mihama Ward, Chiba
6 / 3,280 rooms8 / 3,811 rooms+53111 / 4,376 rooms87%Venue-adjacent
INTEX Osaka (インテックス大阪)
Suminoe Ward, Osaka
4 / 1,358 rooms6 / 1,685 rooms+32724 / 2,948 rooms57%Venue-adjacent
Kobe International Exhibition Hall & Conference Center (神戸国際展示場・会議場)
Chuo Ward, Kobe
3 / 1,239 rooms4 / 1,315 rooms+768 / 2,312 rooms57%Venue-adjacent
G Messe Gunma (Gメッセ群馬)
Takasaki
10 / 1,305 rooms16 / 1,526 rooms+22130 / 2,664 rooms57%Venue-adjacent
International Conference Center Hiroshima (広島国際会議場)
Naka Ward, Hiroshima
47 / 3,962 rooms65 / 4,549 rooms+587177 / 16,107 rooms28%Venue-adjacent
Fukuoka International Congress Center & Marine Messe Fukuoka (福岡国際会議場・マリンメッセ福岡)
Hakata Ward, Fukuoka
13 / 567 rooms36 / 829 rooms+262438 / 35,385 rooms2%Downtown-commute
Okinawa Convention Center (沖縄コンベンションセンター)
Ginowan
6 / 529 rooms9 / 884 rooms+35525 / 1,270 rooms70%Downtown-commute
Toki Messe (朱鷺メッセ)
Chuo Ward, Niigata
3 / 472 rooms4 / 478 rooms+647 / 7,361 rooms6%Downtown-commute
Port Messe Nagoya (ポートメッセなごや)
Minato Ward, Nagoya
0 / 0 rooms1 / 252 rooms+2521 / 252 rooms100%Downtown-commute
Sendai International Center (仙台国際センター)
Aoba Ward, Sendai
5 / 195 rooms3 / 165 rooms−3082 / 12,763 rooms1%Downtown-commute
Kyoto International Conference Center (国立京都国際会館)
Sakyo Ward, Kyoto
2 / 340 rooms2 / 340 rooms+010 / 424 rooms80%Downtown-commute
Sapporo Convention Center (札幌コンベンションセンター)
Shiroishi Ward, Sapporo
2 / 82 rooms3 / 85 rooms+361 / 5,690 rooms1%Downtown-commute
Source: MetroEngines Research & Consulting (confirmed-sales basis; counts shown as properties / rooms. Venues with 1,000+ rooms in the 1 km ring are classed as “venue-adjacent”, those below as “downtown-commute”)

Yokohama needs one caveat. A 603-room large hotel in Minato Mirai has been closed for a full renovation since the end of March 2025 (reopening planned for FY2028) and is not included in the 6,028 rooms above. Because it was operating at end-2017 it is included in the 2017 figure, so adding it back would make Yokohama’s increase even larger. Conversely, in Ariake a 368-room property that closed in March 2024 reopened in December of the same year as a 363-room hotel, and it is counted as one property.

Figure 2 Location of the 14 venues and rooms within 1 km (circle area = rooms)
Source: MetroEngines Research & Consulting. Circle area is proportional to rooms within 1 km on a confirmed-sales basis

Venue-Adjacent vs Downtown-Commute — Makuhari Holds 87% of Its 3 km Rooms Within 1 km, Sendai and Sapporo 1%

Measured at two radii, 1 km and 3 km, the 14 venues fall into two clearly different groups. The first is the “venue-adjacent” type, where rooms are stacked next to the venue: at Makuhari Messe, 3,811 of the 4,376 rooms within 3 km (87%) lie within 1 km. This is because the Kaihin-Makuhari district itself was planned together with the venue; Tokyo Big Sight (47%) and INTEX Osaka, the Kobe International Exhibition Hall and G Messe Gunma (all 57%) fall into the same type. Pacifico Yokohama has a downtown-scale 17,919 rooms within 3 km and also 6,028 rooms within 1 km, making it the only venue that combines both adjacency and a downtown base.

The second is the “downtown-commute” type. The Sendai International Center has 12,763 rooms within 3 km but only 165 within 1 km, a ratio of 1%; the Sapporo Convention Center likewise has 85 rooms within 1 km against 5,690 within 3 km, also just 1%. The Fukuoka International Congress Center and Marine Messe Fukuoka have the largest 3 km stock of all 14 venues at 35,385 rooms, yet the waterfront venue’s 1 km ring holds only 36 properties and 829 rooms, or 2%. Toki Messe’s 1 km ring on Bandai Island has 478 rooms, 6% of the 7,361 rooms within 3 km on the Niigata Station side. In these cities organizers do not assume delegates will “stay next to the venue”; events are designed around commuting from downtown hotel clusters by subway, bus or shuttle.

The Kyoto International Conference Center has a ratio of 80%, but even its 3 km ring holds only 424 rooms, and delegates depend on the Kyoto Station and Shijo areas, 20 minutes away on the Karasuma subway line. As discussed below, the area around the center is mainly Category 1 Low-Rise Exclusive Residential zoning where hotels cannot be built, so it is structurally a downtown-commute venue. The International Conference Center Hiroshima stands in the Peace Memorial Park, i.e. downtown, so although it has 4,549 rooms within 1 km, these are only 28% of the 16,107 rooms within 3 km; it is classed as venue-adjacent but is better described as a “downtown-embedded” venue.

Figure 3 Rooms within 1 km as a share of rooms within 3 km (%) — adjacency concentration
Source: MetroEngines Research & Consulting (confirmed-sales basis; Port Messe Nagoya has only one 252-room property even within 3 km)

Rooms per Unit of Venue Capacity — 3,014 Rooms per 10,000 ㎡ in Yokohama, 265 at Big Sight

Absolute room counts ignore differences in venue size. We therefore took exhibition space and the capacity of the largest hall from each venue’s published materials and calculated two indices: “rooms within 1 km per 10,000 ㎡ of exhibition space” and “rooms within 1 km per 1,000 seats of largest-hall capacity”. On the exhibition index, Pacifico Yokohama has 6,028 rooms within 1 km against 20,000 ㎡ of exhibition hall space, or 3,014 rooms per 10,000 ㎡, and G Messe Gunma 1,526 rooms against 10,000 ㎡. By contrast, Tokyo Big Sight is Japan’s largest venue with 115,420 ㎡ of total exhibition space but has only 265 rooms per 10,000 ㎡; INTEX Osaka has 241 against about 70,000 ㎡ and Port Messe Nagoya 63 against 40,000 ㎡. Even allowing for the fact that most visitors to large trade shows are day-trippers or stay downtown, the option of staying next to the venue is structurally thin at exhibition-type venues.

The conference index shows the opposite picture. The International Conference Center Hiroshima has 4,549 rooms within 1 km against the 1,504-seat Phoenix Hall, or 3,025 rooms per 1,000 seats — the deepest of the 14 venues. Pacifico Yokohama also has 1,205 rooms per 1,000 seats against its 5,002-seat National Convention Hall. In contrast, the Kyoto International Conference Center has 185 rooms against its 1,840-seat Main Hall, the Sendai International Center 165 against its 1,000-person Main Hall, and the Sapporo Convention Center 17 against a total simultaneous capacity of 5,000. On a day a 1,000-delegate academic congress is held, the rooms available next to the venue — even at one person per room — cover just over 30% of attendees in Kyoto, just under 20% in Sendai and under 10% in Sapporo.

Table 2 Rooms within 1 km per unit of venue capacity (per 10,000 ㎡ of exhibition space, per 1,000 seats)
VenueExhibition space (published)Largest hall capacity (published)Rooms / 10,000 ㎡Rooms / 1,000 seatsNotes
Pacifico YokohamaExhibition Hall 20,000 ㎡National Convention Hall 5,002 seats3,0141,20564 international conferences (2024, No. 1 by venue)
Tokyo Big SightTotal exhibition space 115,420 ㎡Reception Hall / conference tower 1,000 persons2653,0543 indoor buildings, 16 halls
Makuhari MesseTotal exhibition space 75,000 ㎡Event Hall 9,000 persons508423Convention Hall 1,600 persons
INTEX OsakaTotal exhibition space approx. 70,000 ㎡—241—6 exhibition halls, opened 1985
Kobe International Exhibition Hall & Conference CenterExhibition space 13,600 ㎡Hall No. 2 convention hall, up to 4,000 persons967329Conference Center Main Hall 692 seats
G Messe GunmaExhibition Hall 10,000 ㎡Exhibition Hall standing 13,000 persons1,526117Main Hall 1,000 persons, opened 2020
International Conference Center Hiroshima—Phoenix Hall 1,504 seats—3,025Inside Peace Memorial Park
Fukuoka International Congress Center & Marine MesseHall B exhibition space 5,000 ㎡ (Hall A published figure not confirmed)Hall B up to 6,000 persons1,658138Congress Center Main Hall 1,000 seats
Okinawa Convention Center—Exhibition building up to 5,000 persons—177Theater building 1,709 seats, completed 1987
Toki Messe—— (exhibition hall approx. 10,000 persons is a guide figure)——13 meeting rooms, integrated with a hotel
Port Messe NagoyaExhibition space 40,000 ㎡ (after October 2022 expansion)—63—New Hall 1: 20,160 ㎡
Sendai International CenterExhibition Hall 3,000 ㎡Main Hall 1,000 persons550165Conference Building closed for renovation since April 20, 2025
Kyoto International Conference CenterEvent Hall 3,000 ㎡Main Hall 1,840 seats1,13318533 international conferences (2024, No. 2 by venue)
Sapporo Convention CenterMain Hall 2,600 ㎡Whole facility up to 5,000 persons simultaneously32717Opened 2003
Source: Published materials from each venue and municipality (Tokyo Big Sight facility information, Makuhari Messe Facility Guide September 2024, materials from the cities of Osaka, Kobe, Nagoya, Fukuoka, Yokohama and Sendai, official venue websites, JNTO 2024 International Conference Statistics); rooms from MetroEngines Research & Consulting. “—” indicates items that could not be confirmed from primary sources
Figure 4a Rooms within 1 km per 10,000 ㎡ of exhibition space
Source: Venue published materials / MetroEngines Research & Consulting
Figure 4b Rooms within 1 km per 1,000 seats of largest-hall capacity
Source: Venue published materials / MetroEngines Research & Consulting

Overlaying international conference results reveals an inversion: venues with thin room stock host more conferences. In JNTO’s 2024 international conference statistics, Pacifico Yokohama ranked first by venue for the 22nd consecutive year with 64 conferences, followed by the Kyoto International Conference Center with 33 and Tsukuba International Congress Center with 28. By city, the order was Tokyo’s 23 wards 351, Kyoto 215, Fukuoka 131, Yokohama 103, Osaka 89, Nagoya 87 and Sendai 76. Kyoto, Fukuoka and Sendai are all downtown-commute venues with thin 1 km room stock, so conference demand is absorbed by downtown rooms. When gauging the development headroom of venue-adjacent land, these venues with “plenty of demand but nowhere to stay next door” are the candidates. Whether autumn room supply in regional cities where conference numbers have grown can absorb the demand is examined city by city in 491 Meetings, World No.6: 892 Rooms Left in Matsue, 834 in Nara.

Host-Ward Estimated Contracted ADR and Weekday Pricing — Venue-Adjacent Wards Show a Wide Weekday–Saturday Gap

Next, we look at the level of room rates in each venue’s host ward. The host-ward estimated contracted ADR (12-month average, October 2025 to September 2026) is highest in Nishi Ward, Yokohama (Pacifico Yokohama) at ¥20,200 (N=17), followed by Hakata Ward, Fukuoka at ¥14,500 (N=147), Koto City at ¥14,300 (N=41) and Mihama Ward, Chiba at ¥13,800 (N=12). Regional venues sit around ¥10,000: Takasaki ¥7,400 (N=31), Chuo Ward, Niigata ¥7,000 (N=44) and Naka Ward, Hiroshima ¥10,100 (N=61). Minato Ward, Nagoya and Shiroishi Ward, Sapporo (both N=2), Ginowan (N=5) and Suminoe Ward, Osaka (N=7) have few target properties and are reference values only.

To see how rates hold up on weekdays, when events concentrate, we compared selling prices at a lead time of 1 day for September 2026 stay dates, split into weekdays (Tuesday–Thursday) and Saturdays, using a cohort (properties listing at least 30% of their total rooms on major booking sites; the number of target properties varies by stay date). In Nishi Ward, Yokohama the average weekday selling price was about ¥26,100 and Saturday about ¥39,000, making Saturday 1.49x the weekday rate; Ginowan was 1.86x and Chuo Ward, Niigata 2.46x — the wards hosting venues depend on weekend leisure demand for their rates. By contrast, Chuo Ward, Sapporo, where downtown-commute delegates stay, was 0.92x with weekdays higher, while Nakamura Ward, Nagoya was 1.42x and Shimogyo Ward, Kyoto 1.49x. In Sapporo, September weekday demand is deep in both business and leisure, and prices reflect how downtown absorbs demand even though rooms next to the venue are thin. Estimated OCC for the same month was 84% on weekdays and 92% on Saturdays in Nishi Ward, Yokohama (10–11 properties, 2,284–2,878 rooms) and 93% and 94% in Aoba Ward, Sendai (36–41 properties, 5,518–6,291 rooms) — the downtown side fills up more on weekdays.

Table 3 Weekday and Saturday selling prices and estimated OCC by host ward (September 2026, lead time 1 day)
Ward/city (where guests stay)Properties / rooms (range within month)Weekday (Tue–Thu) priceSaturday priceSaturday / weekdayEst. OCC weekday / Saturday
Nishi Ward, Yokohama10–11 / 2,284–2,878 rooms¥26,116¥38,9601.49x84% / 92%
Koto City, Tokyo27–30 / 6,808–7,638 rooms¥19,295¥28,2561.46x93% / 95%
Chuo Ward, Kobe37–40 / 5,446–5,813 rooms¥18,420¥34,9341.90x91% / 93%
Takasaki21–23 / 2,053–2,075 rooms¥14,228¥18,4851.30x86% / 92%
Naka Ward, Hiroshima56–60 / 5,210–5,293 rooms¥20,081¥26,0341.30x93% / 92%
Hakata Ward, Fukuoka141–157 / 12,869–13,541 rooms¥17,873¥29,0081.62x91% / 94%
Ginowan14–15 / 907–908 rooms¥19,192¥35,6151.86x84% / 92%
Chuo Ward, Niigata16–19 / 3,247–3,289 rooms¥12,839¥31,6322.46x88% / 98%
Aoba Ward, Sendai36–41 / 5,518–6,291 rooms¥17,696¥30,8451.74x93% / 94%
Sakyo Ward, Kyoto23–31 / 854–992 rooms¥28,377¥38,9021.37x78% / 86%
Nakamura Ward, Nagoya40–44 / 7,075–7,208 rooms¥28,937¥41,2051.42x94% / 93%
Chuo Ward, Sapporo102–112 / 14,521–15,981 rooms¥29,537¥27,3010.92x94% / 93%
Shimogyo Ward, Kyoto156–214 / 11,923–12,320 rooms¥22,209¥33,0641.49x84% / 89%
Naha178–184 / 14,866–15,836 rooms¥12,857¥16,2641.26x— / —
Source: MetroEngines Research & Consulting (observations for September 2026 stay dates at a lead time of 1 day. Prices are averages of listed prices, 2 guests per room, tax included; OCC is an estimate based on OTA-listed inventory. Mihama Ward (Makuhari Messe), Suminoe Ward (INTEX Osaka), Minato Ward (Port Messe Nagoya) and Shiroishi Ward (Sapporo Convention Center) are not shown because a cohort could not be formed)
Figure 5 September 2026 weekday (Tue–Thu) vs Saturday selling prices at lead time 1 day (host ward, 2 guests per room, tax included)
Source: MetroEngines Research & Consulting (cohort = properties listing at least 30% of total rooms. The number of target properties varies by stay date; the table shows the range within the month)

Site Assessment — Reading Venue-Adjacent Land Through Zoning, Land Prices, Inundation Risk and Working Population

Whether a hotel can be built next to a venue is decided first by zoning. Querying the zoning data of the Real Estate Information Library at each venue point shows that Tokyo Big Sight sits in an Exclusive Industrial zone (FAR 200%) where hotels cannot be built, so a hotel would have to move out to the surrounding Quasi-Industrial zones (300%). The Kyoto International Conference Center adjoins the Takaragaike city-planning park, and the zoning polygons in its 1 km ring are mainly Category 1 Low-Rise Exclusive Residential (FAR 60%), where a new hotel is not legally feasible either. At Pacifico Yokohama (Commercial 400%), the Kobe International Exhibition Hall (Commercial 600%), Port Messe Nagoya (Commercial 400%) and Makuhari Messe (Neighborhood Commercial 400%), commercial zoning spreads out from the venue point, leaving room for adjacent development in terms of floor area. The International Conference Center Hiroshima, the Sendai International Center and G Messe Gunma are in Category 2 Residential zones (200%) where hotels are allowed but the permitted floor area is small; in Hiroshima the realistic option is to move to the commercial blocks 0.5 km away zoned 400–900%.

Looking at 2026 official land price benchmark sites within the 1 km rings, Minato Mirai 3-chome is ¥3.75M/㎡ (+10.0% YoY), Naraya-machi in Fukuoka ¥1.13M–¥1.71M/㎡ (+14.0–14.7%) and commercial land in Otemachi and Nakamachi, Hiroshima ¥628k–¥2.46M/㎡ (+5.0–5.6%) — the top downtown-embedded and venue-adjacent locations are in a rising land-price phase. Conversely, Higashi-Irifunecho near Toki Messe is ¥71k/㎡ (±0% YoY), Iwaoshimachi near G Messe Gunma ¥134k/㎡ (+3.9%), Minatojima 3-chome on Kobe’s Port Island ¥185k/㎡ (+15.6%) and Mashiki in Ginowan ¥186k/㎡ (+6.9%): the land-price burden is small at regional and reclaimed-land venues.

For the nine waterfront venues, we queried the library’s storm surge, tsunami and flood inundation scenarios using zoom-level 14 tiles. The venue point falls inside a storm-surge inundation zone at Makuhari Messe (0.5 m to under 1 m) and at the Fukuoka International Congress Center / Marine Messe Fukuoka (3 m to under 5 m); the Okinawa Convention Center’s venue point is in a tsunami zone of 2 m to under 5 m and Toki Messe’s in a tsunami zone of 0.01 m to under 0.3 m. At Pacifico Yokohama, Tokyo Big Sight, INTEX Osaka, Kobe and Port Messe Nagoya, the venue point itself is outside the zones, but storm-surge zones exist within the 1 km ring, and in Yokohama and Makuhari bands of 5 m to under 10 m tsunami inundation also lie within 1 km. A hotel planned on venue-adjacent land must treat ground-floor use and BCP as design premises — a condition that rarely shows up in the price of the land.

Working population indicates the depth of weekday demand. Aggregating the Economic Census (by town block) within a 1 km radius gives 98,617 workers and a 39.7% office-type share around Pacifico Yokohama, 72,110 and 26.7% around the International Conference Center Hiroshima and 47,638 and 37.4% around Makuhari Messe — business travel demand can be expected even on weekdays without events. By contrast, there are 2,751 workers around the Kyoto International Conference Center, 2,871 around Port Messe Nagoya (1.3% office-type) and 4,789 around the Okinawa Convention Center, so business demand to fill non-event weekdays depends almost entirely on the venue.

Table 4 Site conditions of venue-adjacent land (zoning, 2026 official land prices, inundation risk, working population)
VenueZoning and FAR at venue pointNearby official land price (2026)Storm surge (venue point) / tsunami (max scenario within 1 km)Workers within 1 km
Pacifico YokohamaCommercial, 400%¥3.75M/㎡ (Minato Mirai 3-chome, 0.8 km, +10.0% YoY)Outside zone (zone within 1 km) / 5 m to under 10 m band within 1 km98,617
Office-type 39.7%
Tokyo Big SightExclusive Industrial, 200% (hotels not permitted)¥371k/㎡ (Ariake 3-chome, Exclusive Industrial, +9.8%) / ¥700k/㎡ (Shinonome 2-chome, Quasi-Industrial, +16.7%)Outside zone (zone within 1 km) / no zone18,445
Office-type 25.7%
Makuhari MesseNeighborhood Commercial, 400%¥700k/㎡ (Hibino 2-chome, Commercial, +10.8%)0.5 m to under 1 m / 5 m to under 10 m band within 1 km47,638
Office-type 37.4%
INTEX OsakaQuasi-Industrial, 200%¥198k/㎡ (Nankonaka 1-chome, Quasi-Industrial, 1.6 km, +14.5%)Outside zone (zone within 1 km) / 2–3 m band within 1 km13,909
Office-type 28.6%
Kobe International Exhibition Hall & Conference CenterCommercial, 600%¥185k/㎡ (Minatojima 3-chome, Quasi-Industrial, 1.4 km, +15.6%)Outside zone (zone within 1 km) / no zone16,009
Office-type 16.1%
G Messe GunmaCategory 2 Residential, 200%¥134k/㎡ (Iwaoshimachi, Category 2 Residential, +3.9%)Inland (not queried)22,156
Office-type 15.5%
International Conference Center HiroshimaCategory 2 Residential, 200% (Commercial 400–900% from 0.5 km)¥628k–¥2.46M/㎡ (Otemachi 3-chome to Nakamachi, Commercial, +5.0–5.6%)Inland (not queried)72,110
Office-type 26.7%
Fukuoka International Congress Center & Marine MesseQuasi-Industrial (surroundings Commercial 500–600%)¥1.13M–¥1.71M/㎡ (Naraya-machi, Commercial, +14.0–14.7%)3 m to under 5 m / 2 m to under 5 m band within 1 km22,043
Office-type 20.2%
Okinawa Convention CenterNeighborhood Commercial, 200%¥186k/㎡ (Mashiki 3-chome, Category 2 Mid/High-Rise Residential, +6.9%)No zone / venue point 2 m to under 5 m (5 m to under 10 m within 1 km)4,789
Office-type 16.2%
Toki MesseQuasi-Industrial¥71k/㎡ (Higashi-Irifunecho, Quasi-Industrial, ±0%)No zone / venue point 0.01 m to under 0.3 m (3 m to under 5 m within 1 km)9,236
Office-type 18.8%
Port Messe NagoyaCommercial, 400%No benchmark site within 1 km (nearest: Soramicho, Industrial, ¥52k/㎡, 2.3 km)Outside zone (zone within 1 km) / 1 m to under 2 m band within 1 km2,871
Office-type 1.3%
Sendai International CenterCategory 2 Residential, 200%¥344k/㎡ (Otemachi, Category 2 Residential, +3.6%)Inland (not queried)8,406
Office-type 15.2%
Kyoto International Conference CenterCity-planning park, etc. (1 km ring mainly Category 1 Low-Rise Exclusive Residential 60%; hotels not permitted)¥297k/㎡ (Iwakura Minami-Osagicho, Category 1 Low-Rise, +0.7%)Inland (not queried)2,751
Office-type 12.3%
Sapporo Convention CenterNeighborhood Commercial, 300%¥315k/㎡ (Higashi-Sapporo 2-jo, Neighborhood Commercial, +5.0%)Inland (not queried)15,915
Office-type 12.0%
Source: Compiled by MetroEngines Research & Consulting from the MLIT Real Estate Information Library (zoning, 2026 official land prices, storm surge/tsunami/flood inundation scenarios at zoom level 14) and the MIC/METI Economic Census (town-block level, 1 km radius aggregation). Inundation scenarios were queried for the nine waterfront venues only

Required ADR for a 100-Room Hotel Next to the Venue — Construction Costs Matter More Than Land

We combine the conditions so far into a single estimate. Assuming a 100-room limited-service hotel with 25 ㎡ rooms on venue-adjacent land and a guestroom ratio of 65%, the gross floor area is 3,846 ㎡ (about 1,163 tsubo). Construction cost is ¥2.80bn using the 2025 steel-frame unit cost of ¥2.405M per tsubo based on MLIT building construction statistics (as compiled by archi-book, 2025 edition). This is Stage 1. For Stage 2, assuming construction starts in 2028 and opening in 2029, we raised construction cost to ¥3.23bn (+15.5%) by compounding the Japan construction cost escalation published by Turner & Townsend (+5.3% in 2026, +5.0% in 2027) with +4.5% for 2028 as this article’s own assumption. Land cost is the site area back-calculated from floor area using the FAR at or near the venue point, multiplied by the official land price within the 1 km ring. FF&E, design and supervision are set at 15% of construction cost, the required yield at 5.5% GOP on total investment, the GOP margin at 35% (the midpoint of the general industry guide of around 30–40% cited in a Relo Hotel Solutions column) and full-year OCC at 80%.

The results are shown in the table. Land alone next to Pacifico Yokohama costs ¥3.61bn, and the Stage 2 required ADR reaches ¥39,400 — 1.95x the host ward’s estimated contracted ADR of ¥20,200. A limited-service hotel does not pencil out; mixed use, with luxury rooms on the upper floors and retail or residential on the lower floors, becomes a prerequisite. Makuhari Messe requires ¥23,600 against the host ward’s ¥13,800 (1.7x) and Fukuoka ¥24,700 against ¥14,500 (1.7x): even at venue-adjacent sites in Greater Tokyo and Fukuoka, a new limited-service hotel needs a higher rate.

At regional venues with cheap land, the picture changes. Land next to G Messe Gunma costs only ¥260M, but construction cost of ¥3.23bn accounts for 80% of total investment, so the required ADR is ¥21,400 — 2.9x Takasaki’s ¥7,400. At Toki Messe, land is ¥140M while the required ADR is ¥20,700, 3.0x Chuo Ward, Niigata’s ¥7,000. In other words, what constrains adjacent development at regional venues is not land prices but construction costs, which apply uniformly nationwide, and thin demand to fill non-event weekdays. Port Messe Nagoya, the only venue where the multiple stays at 1.2x, rests on a reference ADR for Minato Ward, Nagoya based on a thin sample of N=2 and cannot be taken at face value.

Table 5 Required ADR for a 100-room venue-adjacent hotel (Stage 1 and Stage 2) vs host-ward estimated contracted ADR
Venue (land assumption)Site area / land costStage 1 total investment / required ADRStage 2 total investment / required ADRHost-ward est. contracted ADR (12-month avg.)Required / current
Pacifico Yokohama
Minato Mirai 3-chome, Commercial 400% (land price at 0.8 km point)
962 ㎡
¥3.61bn
¥6.82bn
¥36,700
¥7.32bn
¥39,400
¥20,235
N=17
1.95x
Tokyo Big Sight
Shinonome 2-chome, Quasi-Industrial 200% (venue is Exclusive Industrial; hotels not permitted)
1,923 ㎡
¥1.35bn
¥4.56bn
¥24,600
¥5.06bn
¥27,300
¥14,309
N=41
1.90x
Makuhari Messe
Hibino 2-chome, Commercial 400%
962 ㎡
¥670M
¥3.89bn
¥20,900
¥4.39bn
¥23,600
¥13,824
N=12
1.71x
INTEX Osaka
Nankonaka 1-chome, Quasi-Industrial 200% (1.6 km point)
1,923 ㎡
¥380M
¥3.60bn
¥19,400
¥4.10bn
¥22,100
¥12,189
N=7
1.81x
Kobe International Exhibition Hall & Conference Center
Land price of Minatojima 3-chome Quasi-Industrial 200% point applied to Commercial 600% (reference)
641 ㎡
¥120M
¥3.34bn
¥18,000
¥3.84bn
¥20,600
¥12,154
N=64
1.70x
G Messe Gunma
Iwaoshimachi, Category 2 Residential 200%
1,923 ㎡
¥260M
¥3.48bn
¥18,700
¥3.98bn
¥21,400
¥7,422
N=31
2.88x
International Conference Center Hiroshima
Otemachi 3-chome, Commercial 400%
962 ㎡
¥600M
¥3.82bn
¥20,600
¥4.32bn
¥23,300
¥10,099
N=61
2.30x
Fukuoka International Congress Center & Marine Messe
Naraya-machi, Commercial 500%
769 ㎡
¥870M
¥4.09bn
¥22,000
¥4.59bn
¥24,700
¥14,451
N=147
1.71x
Okinawa Convention Center
Mashiki 3-chome, Neighborhood Commercial 200% (land price at Category 2 Mid/High-Rise point)
1,923 ㎡
¥360M
¥3.58bn
¥19,200
¥4.08bn
¥21,900
¥14,076
N=5
1.56x
Toki Messe
Higashi-Irifunecho, Quasi-Industrial 200%
1,923 ㎡
¥140M
¥3.36bn
¥18,100
¥3.86bn
¥20,700
¥6,996
N=44
2.97x
Port Messe Nagoya
Soramicho, Industrial (2.3 km point, reference)
962 ㎡
¥50M
¥3.27bn
¥17,600
¥3.77bn
¥20,300
¥17,102
N=2
1.19x
Sendai International Center
Otemachi, Category 2 Residential 200%
1,923 ㎡
¥660M
¥3.88bn
¥20,900
¥4.38bn
¥23,600
¥9,877
N=71
2.39x
Sapporo Convention Center
Higashi-Sapporo 2-jo, Neighborhood Commercial 300%
1,282 ㎡
¥400M
¥3.62bn
¥19,500
¥4.12bn
¥22,200
¥8,965
N=2
2.47x
Source: MetroEngines Research & Consulting estimates. Construction cost from MLIT building construction statistics (archi-book 2025 compilation, steel frame ¥2.405M/tsubo); escalation from Turner & Townsend (+5.3% in 2026, +5.0% in 2027) and this article’s assumption (+4.5% in 2028); land prices from 2026 official land prices in the Real Estate Information Library. The Kyoto International Conference Center is excluded because its 1 km ring is mainly Category 1 Low-Rise Exclusive Residential. This is a simplified estimate; actual investment decisions require a detailed feasibility study
Figure 6 Required ADR for a 100-room venue-adjacent hotel (Stage 1 and Stage 2) vs host-ward estimated contracted ADR (12-month average)
Source: MetroEngines Research & Consulting estimates (assumptions as described in the text and table)

How sensitive is this required ADR to the assumptions? Holding Stage 2 total investment fixed, Table 5-2 shows three scenarios that move full-year OCC, GOP margin and required yield (GOP on total investment) together. Optimistic is full-year OCC 85%, GOP margin 40% and yield 5.0%; Base is the assumption in the text (full-year OCC 80%, GOP margin 35%, 5.5%); Pessimistic is full-year OCC 75%, GOP margin 30% and 6.0%. Even in the most favorable optimistic case, Pacifico Yokohama requires ¥29,500, 1.46x its host ward, and Makuhari Messe ¥17,700, 1.28x. Excluding Minato Ward, Nagoya (Port Messe Nagoya, 0.89x), whose host-ward ADR is a reference value with N=2, the required ADR exceeds the host ward’s estimated contracted ADR at all 12 remaining venues even under the optimistic case (1.16–2.22x). Under the pessimistic case the range widens to 1.61–4.02x. Even when the assumptions are tilted optimistic, the conclusion that “a new limited-service hotel next to the venue does not work at the host ward’s standard rate” holds; the gap must be closed by a rate premium or by compressing the initial investment.

Table 5-2 Required ADR under three scenarios (Stage 2 total investment, 100 rooms)
VenueStage 2 total investmentOptimistic
OCC 85%, GOP 40%, yield 5.0%
Base
OCC 80%, GOP 35%, yield 5.5%
Pessimistic
OCC 75%, GOP 30%, yield 6.0%
Host-ward est. contracted ADRRequired / current (optimistic–pessimistic)
Pacifico Yokohama¥7.32bn¥29,500¥39,400¥53,500¥20,2351.46–2.64x
Tokyo Big Sight¥5.06bn¥20,400¥27,300¥37,100¥14,3091.43–2.59x
Makuhari Messe¥4.39bn¥17,700¥23,600¥32,000¥13,8241.28–2.32x
INTEX Osaka¥4.10bn¥16,500¥22,100¥30,000¥12,1891.36–2.46x
Kobe International Exhibition Hall & Conference Center¥3.84bn¥15,400¥20,600¥28,000¥12,1541.27–2.30x
G Messe Gunma¥3.98bn¥16,000¥21,400¥29,100¥7,4222.16–3.91x
International Conference Center Hiroshima¥4.32bn¥17,400¥23,300¥31,600¥10,0991.73–3.13x
Fukuoka International Congress Center & Marine Messe¥4.59bn¥18,500¥24,700¥33,500¥14,4511.28–2.32x
Okinawa Convention Center¥4.08bn¥16,400¥21,900¥29,700¥14,0761.16–2.11x
Toki Messe¥3.86bn¥15,500¥20,700¥28,100¥6,9962.22–4.02x
Port Messe Nagoya¥3.77bn¥15,200¥20,300¥27,600¥17,1020.89–1.61x
Sendai International Center¥4.38bn¥17,700¥23,600¥32,000¥9,8771.79–3.24x
Sapporo Convention Center¥4.12bn¥16,600¥22,200¥30,100¥8,9651.85–3.36x
Source: MetroEngines Research & Consulting estimates (total investment is Stage 2 from Table 5. Required ADR = total investment × required yield ÷ GOP margin ÷ (100 rooms × 365 days × full-year OCC). Host-ward estimated contracted ADR is the 12-month average from October 2025 to September 2026; N as in Table 5)

Moving two assumptions on a grid makes clear which variable matters. Table 5-3 shows the required ADR for land next to Makuhari Messe (Stage 2 total investment ¥4.39bn, GOP margin fixed at 35%) with full-year OCC varied from 70% to 90% and the required yield from 4.5% to 6.5% in five steps. The grid ranges from ¥17,200 to ¥31,900, or 1.24–2.31x the host ward’s estimated contracted ADR of ¥13,824. Even in the most favorable corner — full-year OCC 90% and yield 4.5% — the required ADR is 1.24x the current level, so measures that raise occupancy alone cannot close the gap. From the base case, lowering the required yield by 1 point (about ¥4,300) has a larger effect than raising full-year OCC by 10 points (about ¥2,600); measures that lower the cost of capital or initial investment, such as fixed-term land leases or low-cost leasing of public land, work better than adding occupancy.

Table 5-3 Required ADR sensitivity for a 100-room hotel next to Makuhari Messe (full-year OCC × required yield, GOP margin 35%)
Full-year OCC \ required yield4.5%5.0%5.5%6.0%6.5%
Full-year OCC 70%¥22,100
1.60x
¥24,500
1.77x
¥27,000
1.95x
¥29,400
2.13x
¥31,900
2.31x
Full-year OCC 75%¥20,600
1.49x
¥22,900
1.66x
¥25,200
1.82x
¥27,500
1.99x
¥29,800
2.15x
Full-year OCC 80%¥19,300
1.40x
¥21,500
1.55x
¥23,600
1.71x
¥25,700
1.86x
¥27,900
2.02x
Full-year OCC 85%¥18,200
1.31x
¥20,200
1.46x
¥22,200
1.61x
¥24,200
1.75x
¥26,300
1.90x
Full-year OCC 90%¥17,200
1.24x
¥19,100
1.38x
¥21,000
1.52x
¥22,900
1.66x
¥24,800
1.79x
Source: MetroEngines Research & Consulting estimates (Stage 2 total investment ¥4.39bn. Bold cell is the base-case assumption in the text. The lower line in each cell is the multiple of the host ward’s (Mihama Ward, Chiba) estimated contracted ADR of ¥13,824 [12-month average, N=12])

Venue-Side Plans and Closures — Listing Only What Primary Sources Confirm

When reading supply around a venue, the venue’s own renovation and new-build schedule sets the timeline of demand. Within what we could confirm, Pacifico Yokohama’s National Convention Hall will close for renovation from May 2027; the Kanagawa Shimbun gives the reopening as March 2028 and Yokohama City Council materials as May 2028 (Reiwa 10). The Sendai International Center’s Conference Building has been closed for major renovation since April 20, 2025, and its official website gives no reopening date. On October 6, 2026, Sapporo City published a draft basic plan for a new MICE facility around Nakajima Park, with construction expected to start in FY2031, opening in FY2033 and a project cost of ¥59.7bn. Rather than attracting hotels next to its venue, Sapporo has chosen to move the venue to downtown, where the hotels are. Okinawa Prefecture’s large MICE facility in the Marine Town district failed to attract bidders in its FY2024 tender, and the prefecture plans to revise the basic plan so that public facilities are developed first.

On the hotel side, a mixed-use development including 1,000 rooms at Hibino 1-chome in front of Kaihin-Makuhari Station (scheduled completion December 2027) can be identified from building-confirmation applications in the Building Construction Dynamics Survey; rooms within 1 km of Makuhari Messe are expected to jump from 3,811 to about 4,800 (the content of this development and its absorption capacity are analyzed in detail in Kaihin-Makuhari 1,000-Room ¥30bn Mixed-Use: Breakeven ADR ¥13,200). In Yokohama, 338 rooms in Minato Mirai 6-chome and 272 rooms in Kitanakadori 6-chome, about 1–1.3 km from the venue, are scheduled for completion in 2026–2027; together with the FY2028 reopening of the closed 603-room hotel, more than 1,200 rooms will return to or join the Minato Mirai area heading into 2029. Note that the count based on confirmation applications is the lower bound of the confirmed pipeline identifiable at the time of research and will grow as further applications are filed.

Table 6 Venue-side plans and closures (confirmed from primary sources)
VenueDetailsTimingSource
Pacifico YokohamaNational Convention Hall (5,002 seats) closes for renovation from May 2027. Sources differ on reopening: March 2028 (Kanagawa Shimbun) or May 2028 / Reiwa 10 (Yokohama City materials)From May 2027Yokohama City Council materials (December 12, 2025) / Kanagawa Shimbun, June 5, 2026
Makuhari MesseMixed-use plan including a 1,000-room hotel (hotel, cinema, dining, hot-spring bath) at Hibino 1-chome in front of Kaihin-Makuhari Station. Scheduled completion December 2027Completion scheduled Dec 2027MLIT Building Construction Dynamics Survey (building-confirmation basis)
Pacifico Yokohama (surroundings)338 rooms in Minato Mirai 6-chome (hotel, aquarium, condominiums, etc., completion scheduled March 2026) and 272 rooms in Kitanakadori 6-chome, Naka Ward (apartments and hotel, completion scheduled May 2027), both about 1–1.3 km from the venue2026–2027MLIT Building Construction Dynamics Survey (building-confirmation basis)
Sendai International CenterConference Building (Main Hall 1,000 persons) closed for major renovation since April 20, 2025. Reopening date not stated on the official websiteFrom April 20, 2025Sendai International Center official website
Sapporo Convention Center (city MICE plan)On October 6, 2026, Sapporo City published a draft basic plan for a new MICE facility (5 floors above ground, 1 below) around Nakajima Park on the former Sapporo Park Hotel site. Construction expected to start FY2031, opening expected FY2033, project cost ¥59.7bnOpening expected FY2033Sapporo City “(Provisional) New MICE Facility Basic Plan (Draft)” summary / Hokkaido Shimbun
Okinawa Convention Center (prefectural large MICE)The prefecture issued a tender in FY2024 for the international conference and large exhibition facility project in the Marine Town district (Yonabaru and Nishihara towns), but it failed. The prefecture plans to revise the basic plan so that public facilities are developed firstUnder reviewOkinawa Prefecture MICE Promotion Division (updated May 25, 2026)
Port Messe NagoyaThe aging Hall 1 was rebuilt and the New Hall 1 (20,160 ㎡ in full) opened in October 2022. Total exhibition space rose from 34,000 ㎡ to 40,000 ㎡In use since Oct 2022Nagoya City
Fukuoka International Congress Center & Marine Messe FukuokaHall B (5,000 ㎡ exhibition space, up to 6,000 persons) opened in April 2021. FY2024 utilization: Congress Center 79.0%, Hall A 87.0%, Hall B 60.2%; district attendance 2.67 millionOpened Apr 2021Fukuoka City waterfront district report (December 17, 2025)

Conclusion — Implications for Site Seekers, Municipalities Attracting Hotels, and Owners of Venue-Adjacent Hotels

Developers seeking sites

For a new limited-service hotel next to a venue, land prices in Greater Tokyo and Fukuoka and construction costs in regional cities push the required ADR to 1.7–3.0x the current level. The most feasible cases are Yokohama- or Hiroshima-type locations with commercial zoning that allows ample floor area, a deep working population and weekdays that can be filled without events — or approaches that keep initial investment down through operator changes or renovation of existing buildings.

Municipalities attracting hotels to public land

In cities such as Kyoto, Sendai and Sapporo, where the 1 km ring holds only around 200–340 rooms, only 10–30% of attendees at a 1,000-delegate congress can stay next to the venue. Unless the city chooses among revising zoning and FAR, compressing land costs through fixed-term land leases, or relocating the venue downtown (the Sapporo model), conditions for a private developer to build 100 rooms on adjacent land are unlikely to work on rates.

Owners, funds and regional banks with venue-adjacent hotels

In Makuhari, 1,000 rooms will be added in December 2027, raising rooms within 1 km by about 1.3x, while the closure of the National Convention Hall (from May 2027) and Big Sight’s site constraints mean event flows shift year by year. Because the value of a venue-adjacent hotel is tied to the event calendar and the venue’s renovation schedule, it is worth regularly taking stock of venue-side primary information at the time of valuation.

Summing up the results of measuring 14 venues with the same 1 km circle in a single sentence: rooms are stacked according to the structure of the city, not the size of the venue. Where the venue and the district were planned together — Minato Mirai, Kaihin-Makuhari, Ariake — rooms line up next door, while in cities that placed their venue on the edge of the built-up area, such as Kyoto, Sendai and Sapporo, rooms have stayed downtown. Sapporo’s decision to build a new venue downtown can be read as a choice premised on this structure. Whether to add hotels next to the venue or to invest in the links between downtown and the venue — a MICE city’s choice starts with an accurate count of the rooms at its doorstep.

⚠ Note on the nature of the figures: Room counts in this article aggregate properties with confirmed sales on major booking sites and are not a full census. Venue main-entrance coordinates are re-derived approximations, and properties near the 1 km boundary may move in or out depending on how coordinates are taken. September 2026 selling prices and estimated OCC are based on observations the day before the stay date; estimated OCC is an estimate based on the take-up of inventory sold on OTAs and differs from each property’s actual occupancy. Future plans are based on building-confirmation applications and published materials at the time of research and are subject to change.

References and Sources

■ Data sources

Room stock aggregates lodging data collected by MetroEngines Research & Consulting (properties with confirmed sales on major booking sites from July 2026 onward; 14-venue 1 km total N=177 properties) within a 1 km and 3 km radius of each venue’s main entrance, merging duplicates caused by renaming or operator changes into one. End-2017 values are reconstructed from each property’s opening and closing dates. Estimated contracted ADR is the host ward’s 12-month average from October 2025 to September 2026 (N = number of target properties in each ward); selling prices and estimated OCC are observations for September 2026 stay dates at a lead time of 1 day. Site conditions are from the MLIT Real Estate Information Library (zoning, 2026 official land prices, inundation scenarios) and the Economic Census (town-block level, 1 km radius).

■ Estimate assumptions

25 ㎡ rooms × 100 rooms with a 65% guestroom ratio, giving 3,846 ㎡ gross floor area. Construction cost ¥2.80bn at ¥2.405M/tsubo for steel frame (2025); assuming a 2028 construction start, escalated by +5.3% in 2026 and +5.0% in 2027 (Turner & Townsend) and +4.5% in 2028 (this article’s assumption) to ¥3.23bn. FF&E, design and supervision at 15% of construction cost. Land = site area back-calculated from FAR × nearby official land price. Required ADR = total investment × required yield 5.5% ÷ GOP margin 35% ÷ (100 rooms × 365 days × full-year OCC 80%). Tables 5-2 and 5-3 show sensitivity to full-year OCC, GOP margin and required yield.

■ Limitations

Room counts aggregate properties with confirmed sales on major booking sites and are not a full census; properties near the 1 km boundary may move in or out depending on how venue coordinates are taken. Estimated contracted ADR and estimated OCC are estimates based on OTA-listed inventory and prices and differ from each property’s actual results. ADRs for Minato Ward, Nagoya and Shiroishi Ward, Sapporo (N=2), Ginowan (N=5) and Suminoe Ward, Osaka (N=7) are reference values. For some venues the land price is taken from a benchmark site away from the venue, and actual transaction prices, leasehold terms and FAR bonuses are not reflected. Required ADR is a simplified estimate and is not a substitute for a detailed feasibility study covering operating structure, ancillary revenue, taxation and financing terms.

■ Market data

  • MetroEngines Research & Consulting — Room stock within 1 km and 3 km of venues (confirmed-sales basis, 14-venue total N=177 properties), host-ward estimated contracted ADR, September 2026 selling prices and estimated OCC (lead time 1 day)

■ Government statistics and public data

■ Venue and municipal publications

■ Industry reports and news

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