Expo crowds lift Osaka hotel rates 30%-40%, with further rise expected

The average daily rate for major hotels in Osaka prefecture last month was 21,201 yen ($145 at current rates), a 31% gain on the year, according to STR, a unit of U.S.-based commercial property data analytics firm CoStar Group. The jump was steeper than increases elsewhere, including 4.2% in Tokyo and the 7.2% national average. ( ...