JAPAN HOTEL REIT INVESTMENT CORPORATION
November 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 October 2014
With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called "JHR") for October 2014, JHR informs you of the monthly sales, occupancy rate, ADR and RevPAR of rooms department as below.
JHR continues monthly disclosure of hotels that paid variable rent, etc. and whose hotel lessees, etc. have agreed with the monthly disclosure (hereinafter called "Hotels with variable rent" or the "Hotels operated under management contract") as follows.
Hotel / Indicators | October 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 | 84.8% | -1.5% | 80.1% | -0.4% |
Kobe Meriken Park Oriental Hotel | ADR (JPY) | 15,693 | 1,647 | 14,851 | 757 |
Kobe Meriken Park Oriental Hotel | RevPAR (JPY) | 13,311 | 1,188 | 11,900 | 548 |
Kobe Meriken Park Oriental Hotel | Sales (JPY 1M) | 462 | -13 | 4,187 | 6 |
Oriental Hotel tokyo bay | Occupancy rate | 98.6% | -0.1% | 97.9% | 2.1% |
Oriental Hotel tokyo bay | ADR (JPY) | 19,673 | -1,860 | 18,841 | -738 |
Oriental Hotel tokyo bay | RevPAR (JPY) | 19,388 | -1,854 | 18,450 | -308 |
Oriental Hotel tokyo bay | Sales (JPY 1M) | 626 | -38 | 5,800 | 12 |
Namba Oriental Hotel | Occupancy rate | 93.8% | -0.1% | 90.6% | -1.2% |
Namba Oriental Hotel | ADR (JPY) | 13,481 | 2,498 | 12,451 | 1,849 |
Namba Oriental Hotel | RevPAR (JPY) | 12,648 | 2,331 | 11,277 | 1,546 |
Namba Oriental Hotel | Sales (JPY 1M) | 190 | 23 | 1,749 | 136 |
Hotel Nikko Alivila | Occupancy rate | 81.7% | 2.2% | 81.6% | 1.2% |
Hotel Nikko Alivila | ADR (JPY) | 17,454 | -407 | 26,049 | -42 |
Hotel Nikko Alivila | RevPAR (JPY) | 14,268 | 53 | 21,245 | 291 |
Hotel Nikko Alivila | Sales (JPY 1M) | 366 | -23 | 4,740 | 39 |
Oriental Hotel Hiroshima | Occupancy rate | 80.5% | 0.9% | 77.3% | 1.0% |
Oriental Hotel Hiroshima | ADR (JPY) | 8,562 | 70 | 8,445 | -3 |
Oriental Hotel Hiroshima | RevPAR (JPY) | 6,894 | 134 | 6,532 | 82 |
Oriental Hotel Hiroshima | Sales (JPY 1M) | 228 | 33 | 1,776 | -14 |
Total of five hotels | Sales (JPY 1M) | 1,872 | -18 | 18,252 | 178 |
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Occupancy rate 93.9% ADR (JPY) 7,240
RevPAR (JPY) 6,801
Sales (JPY 1M) 73
< Hotels operated under management contract> Hotel / Indicators October 2014Occupancy rate 77.9% ADR (JPY) 9,449
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) Mercure Hotel Sapporo ibis Tokyo Shinjuku ibis Styles Kyoto Station Mercure Hotel Okinawa NahaRevPAR (JPY) 7,364
Sales (JPY 1M) 83
Occupancy rate 95.8% 0.6% 91.9% -1.1% ADR (JPY) 11,547 1,066 11,231 1,115
RevPAR (JPY) 11,067 1,088 10,320 914
Sales (JPY 1M) 79 8 723 68
Occupancy rate 94.4% 83.2% ADR (JPY) 9,697 9,167
RevPAR (JPY) 9,154 7,623
Sales (JPY 1M) 66 536
Occupancy rate 78.7% ADR (JPY) 8,673
RevPAR (JPY) 6,829
Sales (JPY 1M) 66
* The sales of Best Western Hotel Sapporo Nakajima Koen, Mercure Hotel Sapporo, 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 lessees, etc. of Best Western Hotel Sapporo Nakajima Koen, Mercure Hotel Sapporo, ibis Styles Kyoto Station, and Mercure Hotel Okinawa Naha did not agree with disclosure of numerical values. Therefore, fluctuation compared to the same month last year, cumulative total, 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 October
Kobe Meriken Park Oriental Hotel
In addition to both domestic and inbound leisure demand, rooms department also saw strong business demand. Strategies to increase ADR worked well and rooms department sales thus exceeded the same month last year. As for food and beverage department, although wedding sales exceeded the same month last year, both general banquet sales and restaurant sales fell below the same month last year. Food and beverage department sales, as a whole, dropped below the same month last year. As a result, the hotel's total sales fell below the same month last year by approximately JPY13M.
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 dropped below the same month last year. General banquet sales exceeded the same month last year, but wedding sales dropped compared to 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 went down compared to the same month last year by approximately JPY38M.
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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. This has led to an increase in ADR and 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 JPY23M.
Hotel Nikko Alivila
Although the hotel tried to attract customers by flexible pricing strategies, it was hit by room cancellations due to a typhoon that struck the hotel in October. Rooms department sales thus remained around the same level as the same month last year. Both general banquet sales and wedding sales fell below the same month last year, and food and beverage department sales thus dropped compared to the same month last year. As a result, the hotel's total sales fell below the same month last year by approximately JPY23M.
Oriental Hotel Hiroshima
Rooms department focused on attracting domestic leisure demand, and rooms department sales exceeded the same month last year. Wedding sales 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 exceeded the same month last year by approximately JPY33M.
Best Western Hotel Sapporo Nakajima Koen
Rooms department focused on attracting domestic leisure demand. The department strived to attract groups of foreign tourists as well. The hotel continuously strives to attract customers by targeting domestic and inbound leisure demand and aims at maximizing its profit.
Mercure Hotel Sapporo
In addition to domestic leisure demand, rooms department strived to attract inbound leisure demand. Since JHR
acquired the hotel on September 30, 2014, the hotel has been continuing to aim at maximizing its profit through attracting both domestic and inbound leisure demand.
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 JPY8M.
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 continues to aim at maximizing its profit through attracting leisure demand.
Mercure Hotel Okinawa Naha
In addition to domestic leisure demand, rooms department strived to attract inbound leisure demand. Since JHR
acquired the hotel on September 30, 2014, the hotel has been continuing to aim at maximizing its profit through attracting both domestic and inbound leisure demand.
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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. a nd 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, Mercure Hotel Sapporo, ibis Tokyo Shinjuku, ibis Styles Kyoto Station, and Mercure Hotel Okinawa Naha 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 (October) 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 (October).
(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 (October) 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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