One of the main drivers of this surge was the revival of international tourism, especially as countries like China and Japan lifted their remaining travel bans.
This resurgence allowed hotels in cities such as Tokyo, Hong Kong, and Chiang Mai to substantially hike their rates, witnessing increases of 55%, 46%, and 39% respectively.
However, it’s crucial to put these impressive gains into perspective. Many of these destinations are bouncing back from low starting points, having suffered…
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