Distribution of Existing Business Hotels in Chuo Ward, Tokyo
According to MetroEngines Research, the distribution of existing business hotels in Chuo Ward, Tokyo is as follows:
Trends in the Number of Existing Business Hotel Facilities in Chuo Ward, Tokyo
39.2% Increase in Existing Business Hotel Facilities in Chuo Ward, Tokyo
The number of existing business hotel facilities in Chuo Ward, Tokyo increased by 39.2%. There was an increase of 38 facilities over five years, from 97 facilities in January 2019 to 135 facilities as of June 2024.
Was There an Impact from the COVID-19 Pandemic on Facility Number Trends?
Considering the period under the influence of the COVID-19 pandemic as January 2020 to May 2022 (when it had mostly subsided), we can analyze the impact by dividing the timeline.
Conclusion: There appears to have been an impact. Before the pandemic, from January 2019 to January 2020, there was an increase of 18 facilities. During the period considered to be under the influence of the pandemic, from January 2020 to May 2022, there was an increase of 7 facilities. After the pandemic subsided, from May 2022 to June 2024, there was an increase of 13 facilities.
From this, we can interpret that the COVID-19 pandemic had some impact on the trend of business hotel facilities in Chuo Ward, Tokyo, with the rate of increase slowing during the period considered to be under the influence of the pandemic.
| Survey Date | Number of Facilities | Change |
| January 2019 | 97 facilities | |
| January 2020 (Pandemic) | 115 facilities | +18 facilities |
| May 2022 (Subsided) | 122 facilities | +7 facilities |
| June 2024 | 135 facilities | +13 facilities |
Source: MetroEngines Research
Trends in the Number of Rooms in Existing Business Hotels in Chuo Ward, Tokyo
30.3% Increase in Existing Business Hotel Rooms in Chuo Ward, Tokyo
The number of rooms in existing business hotels in Chuo Ward, Tokyo increased by 4,780, progressing at a slower pace than the increase in facilities. The average number of rooms per facility, calculated by dividing the number of rooms by the number of facilities, decreased from 162.7 rooms in January 2019 to 152.3 rooms in June 2024, a 10.4% decrease.
Was There an Impact from the COVID-19 Pandemic on Room Number Trends?
Similar to the facility numbers, we can analyze the impact by dividing the timeline, considering the period under the influence of the COVID-19 pandemic as January 2020 to May 2022.
Conclusion: The room number trends appear to have been impacted similarly to the facility number trends. Before the pandemic, from January 2019 to January 2020, there was an increase of 2,725 rooms. During the period considered to be under the influence of the pandemic, from January 2020 to May 2022, there was an increase of 535 rooms. After the pandemic subsided, from May 2022 to June 2024, there was an increase of 1,520 rooms.
The trend in the number of rooms in business hotels in Chuo Ward, Tokyo followed a similar pattern to the facility number trends, suggesting that the COVID-19 pandemic had some impact, with the rate of increase slowing during the period considered to be under its influence.
| Survey Date | Number of Rooms | Change |
| January 2019 | 15,781 rooms | |
| January 2020 (Pandemic) | 18,506 rooms | +2,725 rooms |
| May 2022 (Subsided) | 19,041 rooms | +535 rooms |
| May 2024 | 20,561 rooms | +1,520 rooms |
Source: MetroEngines Research
Occupancy Rate Trends for Existing Business Hotels in Tokyo
The occupancy rate of existing business hotels in Tokyo, similar to the national occupancy rate, was strongly influenced by the COVID-19 pandemic. The graph clearly shows the impact of the pandemic (January 2020 to May 2022) and the recovery trend from May 2022 onwards.
Tokyo’s occupancy rate trend typically maintains a very high rate, exceeding 80% throughout the year. However, in May 2020, when the impact of the pandemic was likely at its peak, it dropped to 16%, which was even lower than the national occupancy rate of 20% for the same period, indicating a significant impact.
On the other hand, since May 2022, when the impact of the pandemic was considered to have subsided, the recovery trend has exceeded the national recovery trend. By the winter of the same year, the occupancy rate had recovered to a level very close to that before the pandemic.
Summary
The current state of business hotels in Tokyo shows that both the number of facilities and rooms were somewhat affected by the COVID-19 pandemic, with the rate of increase slowing during the period considered to be under its influence.
The occupancy rate was also strongly influenced by the pandemic, similar to the national trend. However, after the pandemic’s impact subsided, it recovered at a faster pace than the national average, with the occupancy rate recovering to a level very close to that before the pandemic by the winter of 2022.
Furthermore, there has been active hotel development recently, often linked with redevelopment projects. For more details, please read our article “Latest June 2024! In-depth Analysis of Newly Opened Facilities in Chuo Ward, Tokyo“.
Tokyo is Japan’s largest tourist destination and a city that attracts global attention. Within Tokyo, Chuo Ward has numerous ongoing redevelopment projects, and it is expected to further improve urban functions, revitalize the economy, and serve as a receptor for increasing inbound demand.
