JAPAN HOTEL REIT INVESTMENT CORPORATION
September 19, 2014
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985) Yukio Isa, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hisashi Furukawa, Representative Director and President
Contact:Kazuyuki Udo Director and Officer
Management & Planning Office
TEL: +81-3-6422-0530
Announcement of Monthly Disclosure for August 2014
With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called "JHR") for August 2014, JHR informs you of the monthly sales, occupancy rate, ADR and RevPAR of rooms department as below.
JHR continues monthly disclosure for hotels that paid the variable rent, etc. and whose hotel lessee, etc. has agreed with the monthly disclosure (hereinafter called "Hotels with variable rent" or the "Hotels operated through management contract") as follows.
Hotel / Indicators | August 2014 | Fluctuation compared to the same month last year (Note 7) | Cumulative total (Note 8) | Fluctuation of the cumulative total compared to last year (Note 9) | |
Kobe Meriken Park Oriental Hotel | Occupancy rate | 90.7% | -1.9% | 78.9% | -0.5% |
Kobe Meriken Park Oriental Hotel | ADR (JPY) | 19,232 | 1,207 | 14,806 | 745 |
Kobe Meriken Park Oriental Hotel | RevPAR (JPY) | 17,449 | 760 | 11,680 | 521 |
Kobe Meriken Park Oriental Hotel | Sales (JPY 1M) | 494 | 36 | 3,338 | 67 |
Oriental Hotel tokyo bay | Occupancy rate | 99.4% | 0.9% | 97.7% | 2.5% |
Oriental Hotel tokyo bay | ADR (JPY) | 26,555 | -3,655 | 18,856 | -317 |
Oriental Hotel tokyo bay | RevPAR (JPY) | 26,389 | -3,365 | 18,418 | 173 |
Oriental Hotel tokyo bay | Sales (JPY 1M) | 700 | -48 | 4,646 | 132 |
Namba Oriental Hotel | Occupancy rate | 94.5% | -2.5% | 90.0% | -1.7% |
Namba Oriental Hotel | ADR (JPY) | 15,114 | 2,520 | 12,296 | 1,761 |
Namba Oriental Hotel | RevPAR (JPY) | 14,283 | 2,065 | 11,065 | 1,410 |
Namba Oriental Hotel | Sales (JPY 1M) | 207 | 19 | 1,384 | 98 |
Hotel Nikko Alivila | Occupancy rate | 90.6% | -2.1% | 80.4% | 0.4% |
Hotel Nikko Alivila | ADR (JPY) | 56,113 | 1,124 | 27,143 | -22 |
Hotel Nikko Alivila | RevPAR (JPY) | 50,820 | -115 | 21,826 | 89 |
Hotel Nikko Alivila | Sales (JPY 1M) | 954 | -6 | 3,873 | 23 |
Oriental Hotel Hiroshima | Occupancy rate | 88.7% | -2.5% | 76.6% | 1.4% |
Oriental Hotel Hiroshima | ADR (JPY) | 9,786 | 238 | 8,433 | -3 |
Oriental Hotel Hiroshima | RevPAR (JPY) | 8,682 | -26 | 6,460 | 115 |
Oriental Hotel Hiroshima | Sales (JPY 1M) | 150 | -39 | 1,396 | -18 |
Total of five hotels | Sales (JPY 1M) | 2,505 | -38 | 14,637 | 303 |
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Occupancy rate 94.5% ADR (JPY) 12,100
RevPAR (JPY) 11,433
Sales (JPY 1M) 118
< Hotels operated through management contract> Hotel / Indic ibis Tokyo Shinjuku (*) ibis Styles Kyoto Station (*)* The sales of Best Western Hotel Sapporo Nakajima Koen, ibis Tokyo Shinjuku, and ibis Styles Kyoto Station are the sales of hotel business only, and rent from non-hotel tenant(s) is not included. The previous operators, etc. of Best Western Hotel Sapporo Nakajima Koen and ibis Styles Kyoto Station did not agree with disclosure of numerical values. Therefore, fluctuation compared to the same month last year and fluctuation of the cumulative total compared to last year are unavailable.
Comments from Japan Hotel REIT Advisors Co., Ltd. (Asset Management Company)
concerning actual performance for August
Kobe Meriken Park Oriental Hotel
Rooms department focused on attracting domestic leisure demand, and the sales thus exceeded the same month last year. Food and beverage department sales exceeded the same month last year as general banquet sales and wedding sales exceeded the same month last year. As a result, the hotel's total sales exceeded the same month last year by approximately JPY36M.
Oriental Hotel tokyo bay
With the end of Tokyo Disney Resort's thirtieth anniversary event, rooms department implemented flexible pricing strategies to attract customers, but ADR fell below the same month last year. Rooms department sales thus fell below the same month last year. General banquet sales and wedding sales each exceeded the same month last year. Food and beverage department sales thus exceeded the same month last year. As a result, the hotel's total sales fell below the same month last year by approximately JPY48M.
Namba Oriental Hotel
With domestic and inbound leisure demand increasing and the market being favorable, rooms department focused on attracting customers who pay higher rates. Rooms department sales thus exceeded the same month last year. As a result, the hotel's total sales exceeded the same month last year by approximately JPY19M.
Hotel Nikko Alivila
With the market being favorable, rooms department implemented pricing strategies to meet demand, but the sales fell below the same month last year because of cancellations due to typhoons that occurred in August. Restaurant sales were down compared to the same month last year from the impact of the typhoon, and food and beverage department sales thus dropped below the same month last year. As a result, the hotel's total sales fell below the same month last year by approximately JPY6M.
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Oriental Hotel Hiroshima
Rooms department focused on attracting domestic leisure demand and its sales were the same as the same month last year. Wedding sales fell below the same month last year. Food and beverage department sales thus fell below the same month last year. As a result, the hotel's total sales fell below the same month last year by approximately JPY39M.
ibis Tokyo Shinjuku
Rooms department attracted domestic and inbound leisure demand, and thereby increased ADR. Rooms department sales thus exceeded the same month last year. As a result, the hotel's total sales exceeded the same month last year by approximately JPY6M.
ibis Styles Kyoto Station
Rooms department focused on attracting domestic leisure demand as well as inbound demand mainly through the
operator's booking website. The hotel will regularly aim at maximizing profit through attracting leisure demand.
Best Western Hotel Sapporo Nakajima Koen
Rooms department focused on attracting domestic leisure demand as well as inbound demand. The hotel continuously strives to attract customers centering on attracting domestic and inbound leisure demand, aiming at maximizing its profit.
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(Note 1) The comments above have been prepared based on information the asset management company had obtained from the lessees, etc. and are only provided as a reference of general trends. Please note that the numerical figures and information shown in the comments have neither been audited nor been the subject of the independent verification of the asset management company. No guarantee is made as to the accuracy or completeness of the numbers and information.
(Note 2) Each month's numbers have not been audited; therefore, the amount that is a sum total of each month may be different to the six-month or annual sales total stated in the annual securities report to be submitted later. Sales of each month may also differ to that stated in the annual securities report.
(Note 3) Occupancy rate: The number of rooms sold during the period is divided by the number of rooms available during the same period. (Note 4) ADR (Average Daily Rate): Total rooms revenue for a certain period (excluding service charges) is divided by the total number of
rooms sold during the period. Best Western Hotel Sapporo Nakajima Koen, ibis Tokyo Shinjuku, and ibis Styles Kyoto Station do not request service charges.
(Note 5) RevPAR (Revenue Per Available Room): Total rooms revenue for a certain period (excluding service charges) is divided by the total
number of available rooms during the period. It is the same as multiplying ADR by occupancy rate.
(Note 6) Occupancy rate is rounded off to the first decimal place. ADR and RevPAR are rounded off to the nearest whole number. Sales are rounded off to the nearest million yen.
(Note 7) Fluctuation compared to the same month last year means the fluctuation between the concerned month (August) and the same month last year.
(Note 8) Cumulative total is the cumulative total from the beginning of the period (January) to the concerned month (August).
(Note 9) Fluctuation of cumulative total compared to last year means the fluctuation between the cumulative total from the beginning of the period (January) to the concerned month (August) and the cumulative total from the beginning of the period last year to the same concerned month last year.
* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/http://www.jhrth.co.jp/
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