FINWIRES · TerminalLIVE
FINWIRES

Star Asia Investment's Hotel Business Logs 88% Average Occupancy Rate in July

By

Star Asia Investment (TYO:3468) average occupancy rate at 15 of its Japan hotels improved by 3.1% to 88% in July, according to a Tuesday Tokyo bourse filing.

Average daily rate slipped 1.5% to 13,727 yen, while revenue per available room gained 2.1% to 12,086 yen.

The cumulative performance for the fiscal period to July showed a higher average occupancy rate of 89.9%.

The company, citing data from the Japan National Tourism Organization (JNTO), said Japan welcomed a record 0.1% more international visitors in July, with 17 markets hitting all-time monthly highs and Taiwan surpassing 700,000 visitors for the first time.

Related Articles

Asia

Qantas Airways Unit to Operate Direct Route Between Melbourne, Sri Lanka

Qantas Airways' (ASX:QAN) Jetstar unit will operate a new direct route between Melbourne in Victoria and Colombo in Sri Lanka, according to a Tuesday statement.The flights run three times a week, on Tuesdays, Thursdays, and Saturdays.Qantas Airways' shares rose past 1% in recent trading on Tuesday.

ASX:QAN
Asia

Shenzhen Longsys Electronics Passes Hong Kong Listing Hearing

Shenzhen Longsys Electronics (SHE:301308) passed its listing hearing with the Hong Kong bourse, paving the way for its proposed secondary offering in the city to proceed, according to a Monday after-hours filing with the Shenzhen Stock Exchange.The semiconductor memory product company plans to use proceeds from the offering to enhance its research and development capabilities, grow its packaging and testing facility in Brazil, boost sales and marketing, fund strategic investments, and for working capital, according to its post-hearing information pack.

SHE:301308
Asia

Hansen Technologies Partners with InvoiceCloud to Integrate Software Products with Digital Payments Platform

Hansen Technologies (ASX:HSN) partnered with InvoiceCloud to integrate its Hansen CIS software products with InvoiceCloud's digital payments platform, according to a Tuesday Australian bourse filing.The firms plan to support bill generation, presentment, payment, and reconciliation for utilities, energy retailers, and local governments across North America.Its shares rose 2% in recent trade on Tuesday.

ASX:HSN