Asia
Japan Hotel REIT's Hotel Revenue Edges Up 1.4% in May
Japan Hotel REIT Investment (TYO:8985) said its 29 hotels generated total revenue of 7.24 billion yen in May, up 8.1% from a year earlier, according to a Tokyo bourse filing on Thursday.Hotel occupancy reached 84% in May, up 1.2% year over year.The average daily rate gained 6.6% to 21,395 yen, while revenue per available room (RevPAR) rose 7.9% to 17,961 yen.The REIT expects inbound demand from countries other than China to offset the decline from that market, supporting solid year-on-year RevPAR growth from February onward.
TYO:8985
