The luxury Hotel Okura Tokyo, which will reopen next month after 110 billion yen ($1 billion) in renovations, has cut off bookings to the general public during the Olympic so it can to proposal to International Olympic Committee members and staff. The Imperial Hotel Tokyo, another of the capital’s classic hotels, is preparing to host visitors of honor during the Tokyo Olympic and has yet to say whether it will take general bookings.

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Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets
Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets

The Tokyo Bay Ariake Washington Hotel, located in the bayside area where many Olympic 2020 Games facilities are concentrated, also plans to have all 830 of its rooms occupied by people connected with the Games. The hotel said that on June 20, the day the results of the Tokyo Olympic ticket lottery were announced, it had to turn down all of the over 100 inquiries it received, including some from lottery winners.

The guests have likely priced out the luxury hotels, it nonetheless adds to the accommodation crunch in the capital despite a recent construction boom. Tokyo will have a total of 170,000 rooms in Tokyo Olympic up 30,000 from 2017, but that still is not enough for the 10 million foreign and domestic tourists likely in the city when the Games take place, said Takayuki Miyajima of the Mizuho Research Institute.

The establishing committee has thoughtfully kept back about 46,000 hotel rooms near Tokyo Olympic facilities for members of sports governing bodies and others involved in the Games. A representative said the reservations had contained within some spare rooms just in case, to make sure the event ran smoothly. With nearby hotels giving importance to athletes, Tokyo Olympic committee members and other officials, listeners will be hard-pressed to find rooms.

Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets
Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets

This is already driving up prices. A major booking position showed that a single room with a double bed, private bathroom and no meals would charge 67,000 yen ($617) at a business hotel in Tokyo’s Minato Ward for the night. That is expanding the price for the same room.

Miyajima said “The forecasts are constructed on the 2012 London Olympic. The lack could be particularly large in the Shinjuku and Shibuya districts, where accommodations are in high need among foreigners.”

“We do not know how many rooms will be accessible until that time comes,” said one a travel agency representative, who sounded anxious. Throughout heavy travel areas, such as the late summer Bon holiday, prices regularly increase by 50% to 100% from off-season rates, but the representative said prices may reach “2.5 to 3 times” off-season levels.

Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets
Olympic 2020 Tickets | Olympic Tickets | Olympic Hospitality Tickets | Tokyo Olympic Tickets

Tokyo and the nearby prefectures of Kanagawa, Chiba, and Saitama had about 6,800 private homes legally registered as Airbnb-style lodgings, known as Minpaku in Japanese. Booking sites show that prices for such lodgings in central Tokyo have already surged to over 100,000 yen per night during the Olympic 2020 Games.

Municipalities near the capital are vying to capture the unfilled demand. The city of Maebashi, in Gunma Prefecture, has offered to cover half the costs with a cap of 10 million yen for businesses making renovations geared toward foreign visitors, such as installing multilingual signs. The city aims to “attract visitors on the basis of our location an hour from Tokyo” by shinkansen bullet train, a tourism representative said.

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