Aug 30 (Nikkei) - Hotel occupancy rates of leading hotels in Tokyo are sliding despite high inbound tourist numbers, owing to the rapid rise of competitors such as new hotels and home-sharing services.
The average occupancy rate of 18 major hotels in Tokyo fell on the year for the second straight month in June, dropping 1.9 percentage points to 78.9%, according to data compiled by The Nikkei. Ten of the hotels logged declines. Still, there were 10 that exceeded the 80% threshold of close to full occupancy.













