JAPAN HOTEL REIT INVESTMENT CORPORATION October 26, 2016
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 September 2016
With respect to the business performance of the hotels owned by Japan Hotel REIT Investment Corporation (hereinafter called "JHR") for September 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 | September | 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 | 84.5% | 4.7% | 6.0% | 77.3% | -3.4% | -4.2% | |
ADR | (JPY) | 15,743 | -3,103 | -16.5% | 17,557 | 916 | 5.5% | |
RevPAR | (JPY) | 13,296 | -1,727 | -11.5% | 13,568 | 138 | 1.0% | |
Sales | (JPY 1M) | 421 | -15 | -3.4% | 3,811 | 37 | 1.0% | |
Oriental Hotel tokyo bay | Occupancy rate | 98.2% | -1.1% | -1.1% | 96.1% | -1.7% | -1.7% | |
ADR | (JPY) | 18,753 | -2,300 | -10.9% | 20,168 | 753 | 3.9% | |
RevPAR | (JPY) | 18,412 | -2,485 | -11.9% | 19,375 | 393 | 2.1% | |
Sales | (JPY 1M) | 571 | -42 | -6.8% | 5,287 | 7 | 0.1% | |
Namba Oriental Hotel | Occupancy rate | 95.7% | 12.9% | 15.5% | 93.2% | 1.4% | 1.5% | |
ADR | (JPY) | 17,944 | -208 | -1.1% | 19,945 | 3,654 | 22.4% | |
RevPAR | (JPY) | 17,181 | 2,137 | 14.2% | 18,585 | 3,628 | 24.3% | |
Sales | (JPY 1M) | 224 | 18 | 8.6% | 2,143 | 271 | 14.5% | |
Hotel Nikko Alivila | Occupancy rate | 95.2% | 4.6% | 5.1% | 85.1% | -0.5% | -0.6% | |
ADR | (JPY) | 30,075 | -1,866 | -5.8% | 29,933 | 1,466 | 5.1% | |
RevPAR | (JPY) | 28,627 | -303 | -1.0% | 25,476 | 1,110 | 4.6% | |
Sales | (JPY 1M) | 579 | 0 | -0.1% | 4,840 | 110 | 2.3% | |
Oriental Hotel Hiroshima | Occupancy rate | 86.5% | 1.4% | 1.6% | 80.6% | 1.1% | 1.4% | |
ADR | (JPY) | 9,607 | 327 | 3.5% | 9,525 | 647 | 7.3% | |
RevPAR | (JPY) | 8,308 | 408 | 5.2% | 7,680 | 622 | 8.8% | |
Sales | (JPY 1M) | 169 | 10 | 6.2% | 1,574 | 48 | 3.1% | |
Total of five hotels | Sales | (JPY 1M) | 1,964 | -29 | -1.5% | 17,656 | 472 | 2.7% |
Hotel / Indicators | September | 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 | 94.9% | 0.6% | 0.7% | 86.7% | |||
ADR | (JPY) | 20,548 | -1,162 | -5.4% | 21,234 | |||
RevPAR | (JPY) | 19,495 | -968 | -4.7% | 18,407 | |||
Sales | (JPY 1M) | 349 | -24 | -6.5% | 3,112 | |||
ACTIVE-INTER CITY HIROSHIMA (Sheraton Grand Hiroshima Hotel) | Occupancy rate | 89.2% | 84.7% | |||||
ADR | (JPY) | 16,905 | 17,238 | |||||
RevPAR | (JPY) | 15,080 | 14,595 | |||||
Sales | (JPY 1M) | 260 | 2,115 | |||||
Hotel Centraza Hakata | Occupancy rate | 88.8% | ||||||
ADR | (JPY) | 9,879 | ||||||
RevPAR | (JPY) | 8,777 | ||||||
Sales | (JPY 1M) | 196 | ||||||
HOTEL VISTA GRANDE OSAKA | Occupancy rate | 96.2% | ||||||
ADR | (JPY) | 17,863 | ||||||
RevPAR | (JPY) | 17,184 | ||||||
Sales | (JPY 1M) | 164 | ||||||
Hotel / Indicators | September | 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 | 91.8% | 1.7% | 1.9% | 83.7% | 3.3% | 4.1% | |
ADR | (JPY) | 13,183 | 665 | 5.3% | 12,315 | 899 | 7.9% | |
RevPAR | (JPY) | 12,099 | 819 | 7.3% | 10,313 | 1,127 | 12.3% | |
Sales | (JPY 1M) | 122 | 9 | 7.7% | 954 | 74 | 8.4% | |
ibis Styles Sapporo | Occupancy rate | 91.4% | 2.2% | 2.4% | 89.2% | 1.9% | 2.1% | |
ADR | (JPY) | 11,523 | -329 | -2.8% | 10,312 | 503 | 5.1% | |
RevPAR | (JPY) | 10,533 | -42 | -0.4% | 9,193 | 630 | 7.4% | |
Sales | (JPY 1M) | 107 | 3 | 2.8% | 869 | 77 | 9.7% | |
ibis Tokyo Shinjuku | Occupancy rate | 91.2% | 2.6% | 2.9% | 78.4% | -14.1% | -15.3% | |
ADR | (JPY) | 11,570 | 121 | 1.1% | 12,330 | 615 | 5.2% | |
RevPAR | (JPY) | 10,557 | 408 | 4.0% | 9,672 | -1,173 | -10.8% | |
Sales | (JPY 1M) | 72 | 3 | 4.4% | 606 | -72 | -10.7% | |
ibis Styles Kyoto Station | Occupancy rate | 98.4% | 3.9% | 4.2% | 96.4% | 7.2% | 8.0% | |
ADR | (JPY) | 9,863 | -188 | -1.9% | 10,941 | 1,131 | 11.5% | |
RevPAR | (JPY) | 9,709 | 211 | 2.2% | 10,542 | 1,792 | 20.5% | |
Sales | (JPY 1M) | 71 | 4 | 5.6% | 696 | 136 | 24.2% | |
Mercure Okinawa Naha | Occupancy rate | 88.0% | 2.9% | 3.4% | 83.4% | 2.2% | 2.7% | |
ADR | (JPY) | 11,150 | -4 | 0.0% | 11,152 | 1,217 | 12.3% | |
RevPAR | (JPY) | 9,809 | 315 | 3.3% | 9,302 | 1,235 | 15.3% | |
Sales | (JPY 1M) | 89 | 1 | 0.9% | 785 | 100 | 14.6% | |
Mercure Yokosuka | Occupancy rate | 79.8% | -2.6% | -3.1% | 88.6% | |||
ADR | (JPY) | 11,239 | -313 | -2.7% | 12,263 | |||
RevPAR | (JPY) | 8,966 | -546 | -5.7% | 10,865 | |||
Sales | (JPY 1M) | 70 | -8 | -10.5% | 798 | |||
Total of six hotels | Sales | (JPY 1M) | 531 | 11 | 2.1% | 4,708 | ||
Hotel / Indicators | September | 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 | 79.3% | -7.6% | -8.7% | 87.3% | |||
ADR | (JPY) | 11,284 | -134 | -1.2% | 12,015 | |||
RevPAR | (JPY) | 8,947 | -971 | -9.8% | 10,485 | |||
Sales | (JPY 1M) | 33 | -4 | -10.0% | 353 | |||
the b ikebukuro | Occupancy rate | 83.5% | -7.8% | -8.5% | 88.6% | |||
ADR | (JPY) | 10,881 | 458 | 4.4% | 11,090 | |||
RevPAR | (JPY) | 9,091 | -425 | -4.5% | 9,831 | |||
Sales | (JPY 1M) | 48 | -3 | -5.2% | 476 | |||
the b ochanomizu | Occupancy rate | 86.7% | -1.2% | -1.3% | 90.0% | |||
ADR | (JPY) | 10,824 | -209 | -1.9% | 10,985 | |||
RevPAR | (JPY) | 9,386 | -309 | -3.2% | 9,888 | |||
Sales | (JPY 1M) | 20 | -1 | -3.2% | 196 | |||
the b hachioji | Occupancy rate | 84.1% | -9.9% | -10.5% | 89.7% | |||
ADR | (JPY) | 6,805 | -99 | -1.4% | 7,391 | |||
RevPAR | (JPY) | 5,726 | -766 | -11.8% | 6,629 | |||
Sales | (JPY 1M) | 38 | -6 | -13.0% | 430 | |||
the b hakata | Occupancy rate | 90.2% | -6.2% | -6.4% | 94.1% | |||
ADR | (JPY) | 8,248 | 1,270 | 18.2% | 7,755 | |||
RevPAR | (JPY) | 7,441 | 713 | 10.6% | 7,296 | |||
Sales | (JPY 1M) | 39 | 4 | 10.3% | 353 | |||
the b suidobashi | Occupancy rate | 80.2% | 0.5% | 0.6% | 85.5% | |||
ADR | (JPY) | 10,600 | -260 | -2.4% | 11,328 | |||
RevPAR | (JPY) | 8,501 | -158 | -1.8% | 9,683 | |||
Sales | (JPY 1M) | 25 | 0 | -1.9% | 264 | |||
Total of six hotels | Sales | (JPY 1M) | 205 | -10 | -4.5% | 2,072 | ||
The sales of each hotel were affected since the long holidays in September last year fell on five consecutive days, but this year's long holidays in September fell on only three consecutive days.
Special items to note for each hotel are as follows. Kobe Meriken Park Oriental Hotel
Although the hotel proactively attracted inbound demand, rooms department sales dropped below those of the
same month last year due to a decrease in domestic leisure demand in Kobe area. Therefore, the hotel's total sales fell below those of the same month last year.
Oriental Hotel tokyo bay
The number of visitors to the Tokyo Disney Resort decreased compared with the same month last year due to bad weather on weekends, etc. Therefore, rooms department sales fell below those of the same month last year. As a result, the hotel's total sales dropped below those of the same month last year.
Mercure Yokosuka
The hotel attracted demand for accommodation and food & beverages in September last year due to a brass band event. But since the event was not held in September this year, the hotel's total sales fell below those of the same month last year.
the b akasaka-mitsuke
While the hotel attempted to attract domestic and inbound leisure demand, business demand on weekdays dropped. Therefore, the hotel's total sales fell below those of the same month last year.
the b hachioji
Since domestic business demand and demand from groups of foreign tourists decreased in Hachioji area, the
hotel's total sales fell below those of the same month last year.
the b hakata
The hotel attracted domestic and inbound leisure demand in the higher-rate segment. As a result, the hotel's total sales exceeded those of the same month last year.
*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 HOTEL VISTA GRANDE OSAKA 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. HOTEL VISTA GRANDE OSAKA, 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 (September) 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 (September).
(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 (September) and the cumulative total from the beginning of the period last year to the same concerned month (September) last year.
* Website of Japan Hotel REIT Investment Corporation: http://www.jhrth.co.jp/en/
Japan Hotel REIT Investment Corporation published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 17:11:03 UTC.
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