JAPAN HOTEL REIT INVESTMENT CORPORATION January 25, 2017
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985) Kaname Masuda, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hisashi Furukawa, Representative Director and President Contact:
Makoto Hanamura General Manager
Investor Relations Department, Operations Division TEL: +81-3-6422-0530
Announcement of Monthly Disclosure for December 2016
With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called "JHR") for December 2016, JHR informs you of the monthly sales, occupancy rates, ADR, and RevPAR of rooms department as below.
JHR continues to announce monthly disclosure of hotels from which JHR receives variable rent or income based on management contracts and whose lessees, etc. have agreed with the monthly disclosure.
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Kobe Meriken Park Oriental Hotel | Occupancy rate | 79.9% | 5.7% | 7.6% | 79.1% | -1.0% | -1.2% | |
ADR | (JPY) | 19,773 | -2,257 | -10.2% | 17,691 | 330 | 1.9% | |
RevPAR | (JPY) | 15,808 | -555 | -3.4% | 13,987 | 90 | 0.6% | |
Sales | (JPY 1M) | 523 | 22 | 4.3% | 5,361 | 109 | 2.1% | |
Oriental Hotel tokyo bay | Occupancy rate | 99.2% | -0.2% | -0.2% | 96.8% | -1.3% | -1.4% | |
ADR | (JPY) | 23,154 | 531 | 2.3% | 20,449 | 423 | 2.1% | |
RevPAR | (JPY) | 22,968 | 481 | 2.1% | 19,799 | 144 | 0.7% | |
Sales | (JPY 1M) | 702 | 7 | 1.1% | 7,271 | -51 | -0.7% | |
Namba Oriental Hotel | Occupancy rate | 97.1% | 18.2% | 23.1% | 94.1% | 4.4% | 4.9% | |
ADR | (JPY) | 20,205 | 1,619 | 8.7% | 19,918 | 2,969 | 17.5% | |
RevPAR | (JPY) | 19,629 | 4,960 | 33.8% | 18,736 | 3,532 | 23.2% | |
Sales | (JPY 1M) | 252 | 43 | 20.4% | 2,877 | 347 | 13.7% | |
Hotel Nikko Alivila | Occupancy rate | 78.3% | 18.5% | 31.0% | 85.3% | 1.7% | 2.0% | |
ADR | (JPY) | 21,513 | -2,232 | -9.4% | 27,513 | 862 | 3.2% | |
RevPAR | (JPY) | 16,848 | 2,648 | 18.7% | 23,471 | 1,189 | 5.3% | |
Sales | (JPY 1M) | 413 | 67 | 19.2% | 6,155 | 207 | 3.5% | |
Oriental Hotel Hiroshima | Occupancy rate | 79.2% | -0.3% | -0.4% | 81.5% | 1.6% | 2.0% | |
ADR | (JPY) | 8,755 | 107 | 1.2% | 9,599 | 692 | 7.8% | |
RevPAR | (JPY) | 6,936 | 57 | 0.8% | 7,826 | 703 | 9.9% | |
Sales | (JPY 1M) | 217 | -6 | -2.8% | 2,240 | 107 | 5.0% | |
Total of five hotels | Sales | (JPY 1M) | 2,107 | 132 | 6.7% | 23,905 | 720 | 3.1% |
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Okinawa Marriott Resort & Spa | Occupancy rate | 79.6% | 10.4% | 15.0% | 85.6% | |||
ADR | (JPY) | 16,594 | -860 | -4.9% | 19,708 | |||
RevPAR | (JPY) | 13,212 | 1,132 | 9.4% | 16,875 | |||
Sales | (JPY 1M) | 288 | 22 | 8.1% | 3,933 | |||
ACTIVE-INTER CITY HIROSHIMA (Sheraton Grand Hiroshima Hotel) | Occupancy rate | 81.2% | 85.2% | |||||
ADR | (JPY) | 15,389 | 17,237 | |||||
RevPAR | (JPY) | 12,502 | 14,690 | |||||
Sales | (JPY 1M) | 289 | 2,996 | |||||
Hotel Centraza Hakata | Occupancy rate | 93.0% | ||||||
ADR | (JPY) | 11,149 | ||||||
RevPAR | (JPY) | 10,372 | ||||||
Sales | (JPY 1M) | 225 | ||||||
Holiday Inn Osaka Namba | Occupancy rate | 94.7% | ||||||
ADR | (JPY) | 19,739 | ||||||
RevPAR | (JPY) | 18,692 | ||||||
Sales | (JPY 1M) | 185 | ||||||
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
Mercure Sapporo | Occupancy rate | 90.7% | 0.3% | 0.3% | 85.1% | 3.0% | 3.6% | |
ADR | (JPY) | 11,550 | 1,031 | 9.8% | 11,830 | 821 | 7.5% | |
RevPAR | (JPY) | 10,476 | 968 | 10.2% | 10,069 | 1,025 | 11.3% | |
Sales | (JPY 1M) | 115 | 8 | 7.0% | 1,254 | 82 | 7.0% | |
ibis Styles Sapporo | Occupancy rate | 90.0% | -2.1% | -2.3% | 89.3% | 1.5% | 1.7% | |
ADR | (JPY) | 8,751 | 1,010 | 13.0% | 9,858 | 523 | 5.6% | |
RevPAR | (JPY) | 7,878 | 747 | 10.5% | 8,805 | 607 | 7.4% | |
Sales | (JPY 1M) | 89 | 12 | 15.0% | 1,122 | 103 | 10.1% | |
ibis Tokyo Shinjuku | Occupancy rate | 80.7% | -0.5% | -0.6% | 80.2% | -8.3% | -9.4% | |
ADR | (JPY) | 13,099 | 785 | 6.4% | 12,431 | 622 | 5.3% | |
RevPAR | (JPY) | 10,568 | 571 | 5.7% | 9,973 | -483 | -4.6% | |
Sales | (JPY 1M) | 74 | 4 | 5.5% | 832 | -41 | -4.7% | |
ibis Styles Kyoto Station | Occupancy rate | 98.2% | 4.6% | 4.9% | 97.0% | 6.2% | 6.8% | |
ADR | (JPY) | 10,153 | 143 | 1.4% | 11,473 | 982 | 9.4% | |
RevPAR | (JPY) | 9,969 | 600 | 6.4% | 11,124 | 1,604 | 16.8% | |
Sales | (JPY 1M) | 76 | 6 | 9.1% | 977 | 163 | 20.1% | |
Mercure Okinawa Naha | Occupancy rate | 81.7% | 5.4% | 7.1% | 83.6% | 3.0% | 3.7% | |
ADR | (JPY) | 11,119 | 345 | 3.2% | 11,083 | 1,045 | 10.4% | |
RevPAR | (JPY) | 9,080 | 869 | 10.6% | 9,268 | 1,171 | 14.5% | |
Sales | (JPY 1M) | 91 | 9 | 11.0% | 1,049 | 126 | 13.7% | |
Mercure Yokosuka | Occupancy rate | 79.1% | -11.4% | -12.6% | 87.1% | |||
ADR | (JPY) | 12,209 | 752 | 6.6% | 12,071 | |||
RevPAR | (JPY) | 9,659 | -715 | -6.9% | 10,509 | |||
Sales | (JPY 1M) | 98 | -2 | -2.0% | 1,071 | |||
Total of six hotels | Sales | (JPY 1M) | 542 | 36 | 7.2% | 6,306 | ||
Hotel / Indicators | December | Fluctuation compared w ith the same month last year (Note 7) | Change in fluctuation compared w ith the same month last year | Cumulative total (Note 8) | Fluctuation of the cumulative total compared w ith last year (Note 9) | Change in fluctuation of the cumulative total compared w ith last year | ||
the b akasaka-mitsuke | Occupancy rate | 87.7% | 0.2% | 0.2% | 86.9% | |||
ADR | (JPY) | 11,467 | -377 | -3.2% | 11,965 | |||
RevPAR | (JPY) | 10,060 | -306 | -2.9% | 10,403 | |||
Sales | (JPY 1M) | 38 | -1 | -3.6% | 468 | |||
the b ikebukuro | Occupancy rate | 88.1% | -4.8% | -5.2% | 88.6% | |||
ADR | (JPY) | 10,902 | 358 | 3.4% | 11,086 | |||
RevPAR | (JPY) | 9,606 | -194 | -2.0% | 9,825 | |||
Sales | (JPY 1M) | 52 | -2 | -3.3% | 635 | |||
the b ochanomizu | Occupancy rate | 88.8% | 4.0% | 4.7% | 90.7% | |||
ADR | (JPY) | 11,407 | 799 | 7.5% | 11,075 | |||
RevPAR | (JPY) | 10,129 | 1,132 | 12.6% | 10,044 | |||
Sales | (JPY 1M) | 23 | 2 | 12.1% | 266 | |||
the b hachioji | Occupancy rate | 80.9% | -10.6% | -11.6% | 87.9% | |||
ADR | (JPY) | 6,681 | -270 | -3.9% | 7,362 | |||
RevPAR | (JPY) | 5,403 | -959 | -15.1% | 6,472 | |||
Sales | (JPY 1M) | 42 | -7 | -14.2% | 564 | |||
the b hakata | Occupancy rate | 93.8% | 0.6% | 0.6% | 93.8% | |||
ADR | (JPY) | 8,434 | 1,329 | 18.7% | 7,898 | |||
RevPAR | (JPY) | 7,910 | 1,287 | 19.4% | 7,409 | |||
Sales | (JPY 1M) | 43 | 7 | 19.1% | 478 | |||
the b suidobashi | Occupancy rate | 80.9% | -0.5% | -0.6% | 85.4% | |||
ADR | (JPY) | 11,067 | 158 | 1.4% | 11,290 | |||
RevPAR | (JPY) | 8,954 | 75 | 0.8% | 9,646 | |||
Sales | (JPY 1M) | 28 | 0 | 0.5% | 351 | |||
Total of six hotels | Sales | (JPY 1M) | 226 | -1 | -0.3% | 2,763 | ||
Inbound leisure demand is continuing to spread across regional cities, and many of the hotels in major local cities are attracting the demand. Therefore, their rooms department sales are doing well. On the other hand, although inbound leisure demand is strong in hotel markets in Tokyo and Osaka, they see slightly sluggish domestic demand due to a rise in accommodation unit prices, etc. Since the trend of travels by inbound visitors are shifting from group to individual tours, hotels continue their efforts to attract inbound leisure demand by further focusing on sales via the Internet.
Special items to note for each hotel are as follows. Kobe Meriken Park Oriental Hotel
Although the hotel proactively attracted inbound demand and domestic group demand, domestic individual leisure demand weakened in the Kobe area. As a result, rooms department sales fell below those of the same month last year.
Hotel Nikko Alivila, Okinawa Marriott Resort & Spa
Despite off season in Okinawa resort area, the hotel adopted a flexible pricing strategy at an early stage in response to demand on the back of strong inbound and domestic leisure demand. This led to an increase in occupancy rate and, as a result, rooms department sales exceeded those of the same month last year.
Mercure Sapporo, ibis Styles Sapporo
The hotel proactively attracted inbound individual leisure demand in the higher-rate segment. As a result, rooms department sales exceeded those of the same month last year.
Mercure Okinawa Naha
The hotel focused on attracting strong leisure demand from inbound individual tourists as well as leisure demand from inbound tourist groups. As a result, rooms department sales exceeded those of the same month last year.
the b hakata
The hotel attracted inbound and domestic leisure demand in the higher-rate segment. As a result, rooms department sales exceeded those of the same month last year.
the b ochanomizu
The hotel proactively attracted inbound leisure demand. As a result, rooms department sales exceeded those of the same month last year.
the b hachioji
Due to a decline in leisure demand from inbound tourist groups in the Hachioji area, rooms department sales fell below those of the same month last year.
Namba Oriental Hotel, ibis Tokyo Shinjuku
The hotel was affected in December last year due to unavailability of some guest rooms resulting from renovation.
*The sales of Mercure Sapporo, ibis Styles Sapporo, ibis Tokyo Shinjuku, ibis Styles Kyoto Station, the b akasaka-mitsuke, the b ikebukuro, the b hachioji, the b hakata, and ACTIVE-INTER CITY HIROSHIMA (Sheraton Grand Hiroshima Hotel) are the sales of hotel business only, and rent from non-hotel tenant(s) is not included. The previous lessees, etc. of Mercure Yokosuka, Okinawa Marriott Resort & Spa, and the six the b hotels did not agree with disclosure of numerical value. Therefore, fluctuation of the cumulative total compared with last year is unavailable for these hotels. The previous lessees, etc. of ACTIVE-INTER CITY HIROSHIMA (Sheraton Grand Hiroshima Hotel), Hotel Centraza Hakata, and Holiday Inn Osaka Namba did not agree with disclosure of numerical value. Therefore, fluctuation compared with the same month last year and fluctuation of the cumulative total compared with last year are unavailable for these hotels.
(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 from the six-month or annual sales total stated in the annual securities report to be submitted later. Sales of each month may also differ from 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. Holiday Inn Osaka Namba, the six Accor hotels, and the six the b hotels 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 with the same month last year means the fluctuation between the concerned month (December) 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 (December).
(Note 9) Fluctuation of cumulative total compared with last year means the fluctuation between the cumulative total from the beginning of the period (January) to the concerned month (December) and the cumulative total from the beginning of the period last year to the same concerned month (December) last year.
* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/en/
Japan Hotel REIT Investment Corporation published this content on 25 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2017 06:41:06 UTC.
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