An overview of the existing business hotels in Osaka Prefecture as of September 2023, detailing facility counts, room numbers, and occupancy rates.
- Distribution of Existing Business Hotels in Osaka Prefecture
- Transition of Facility Counts for Existing Business Hotels in Osaka Prefecture
- Transition of Room Numbers for Existing Business Hotels in Osaka Prefecture
- Occupancy Rate Trends for Existing Business Hotels in Osaka Prefecture
- Introduction to Recently Opened Business Hotels in Osaka Prefecture
- Conclusion
Distribution of Existing Business Hotels in Osaka Prefecture
According to Metro Engines Research, the distribution of existing business hotels in Osaka Prefecture is concentrated in Osaka City, with a particular focus in the Kita and Chuo wards.
Transition of Facility Counts for Existing Business Hotels in Osaka Prefecture
Transition of Existing Business Hotel Facility Numbers in Osaka Prefecture
There has been a slight increase in the number of facilities, from 488 in January 2019 to 564 in September 2023, marking an increase of 76 facilities over 4 years and 7 months. This trend has been relatively stable.
(Source:Metro Engines Research)
Was There an Impact of the COVID-19 Pandemic on the Transition of Facility Numbers?
The impact of the COVID-19 pandemic on facility counts was significant. Between January 2019 and January 2020, before the pandemic, there was an increase of 66 facilities. During the pandemic (January 2020 to May 2022), there was a decrease of 4 facilities. However, from May 2022 to 2023, after the pandemic subsided, there was an increase of 14 facilities, indicating a gradual recovery.
Date of Count | Number of Facilities | Increase/Decrease |
January 2019 | 488 facilities | |
January 2020 (During COVID-19) | 554 facilities | +66 facilities |
May 2022 (Subsiding) | 550 facilities | -4 facilities |
September 2023 | 564 facilities | +14 facilities |
(Source:Metro Engines Research)
Transition of Room Numbers for Existing Business Hotels in Osaka Prefecture
Increase of 20,679 Rooms in the Transition of Existing Business Hotel Room Numbers in Osaka Prefecture
There has been an increase of 20,679 rooms. The trend in room numbers slightly leans towards an upward trajectory, similar to the facility count graph. The average number of rooms per facility has increased from 112 in January 2019 to 134 in September 2023.
(Source:Metro Engines Research)
Was There an Impact of the COVID-19 Pandemic on the Transition of Room Numbers?
Despite a decrease in facility numbers during the pandemic, room numbers continued to increase, suggesting the opening of larger facilities.
Date of Count | Number of Rooms | Increase/Decrease |
January 2019 | 54,852 rooms | |
January 2020 (During COVID-19) | 66,812 rooms | +11,960 rooms |
May 2022 (Subsiding) | 71,417 rooms | +4,605 rooms |
September 2023 | 75,531 rooms | +4,114 rooms |
(Source:Metro Engines Research)
Occupancy Rate Trends for Existing Business Hotels in Osaka Prefecture
(Source:Metro Engines Research)
The occupancy rate trends in Osaka Prefecture follow similar patterns to national trends. The impact of the COVID-19 pandemic is evident, with a notable recovery trend since May 2022.
However, despite recovery, the occupancy rates in Osaka Prefecture have not yet reached the pre-pandemic national average. This could be due to the significant impact of the halt in international tourism, especially from China.
Nonetheless, there is still considerable potential for growth, especially with the upcoming Osaka-Kansai World Expo 2025, which is expected to drive occupancy rates above national levels.
Introduction to Recently Opened Business Hotels in Osaka Prefecture
Toyoko Inn Osaka Namba
Toyoko Inn Osaka Namba opened on July 3, 2023. It is a large business hotel with 497 rooms, located just a minute’s walk from Namba Station.
Voco Osaka Central
Voco Osaka Central, the first Voco brand in Japan, opened on May 30, 2023, in Nishi-ku, Kyomachibori, featuring 191 rooms with a design that incorporates historical materials.
Lub d Osaka Honmachi
Lub d Osaka Honmachi, opened on September 1, 2023, targets young travelers and digital nomads, offering a unique blend of social lifestyle and comfortable living spaces across its 165 rooms.
Conclusion
The current state of business hotels in Osaka Prefecture has been gradually recovering from the impacts of the COVID-19 pandemic, with an increase in both facility and room numbers, as well as a rising trend in occupancy rates. The city’s popularity among inbound tourists had significantly felt the pandemic’s impact.
However, with the Osaka-Kansai World Expo 2025 on the horizon, there is a strong expectation for occupancy rates to surpass national levels in the near future.