Frasers Hospitality’s Tokyo debut part of growth strategy to expand to business gateway cities 

[TOKYO] Although the completion of Frasers Hospitality’s newest accommodation in Japan, Yotel Tokyo Ginza, was delayed by four years, it was a blessing in disguise.

Since its opening last December, the hotel has tapped into Japan’s surging tourism boom on the back of a weaker yen, an outcome that Jason Leong, head of investment and asset management at Frasers Hospitality, described as better than expected.

Occupancy for the hotel is about 70 per cent on average, a good performance for a hotel that has been in business for only six months, he said.