#HotelOperations

In January 2026, the hotel portfolio recorded a room occupancy rate of 84.4%, ADR of 11,407 yen, and Rev PAR of 9,630 yen, marking year-over-year increases of 7.1%, 0.6%, and 9.8%, respectively, showing strong performance.

Total sales of variable rent properties in January 2026 were 147 million yen, 102% year-over-year (YoY), with cumulative sales reaching 586 million yen, 108% YoY, showing steady growth.

The domestic hotel room occupancy rate for December 2025 was 89.8% (YoY +2.7%), ADR was JPY 13,217 (YoY +2.9%), RevPAR was JPY 11,866 (YoY +6.1%), and the inbound ratio was 51.6% (YoY +1.5%).