Invincible Investment Corporation
Notice regarding portfolio management results (August 2026)
August occupancy for the 101 domestic hotels was flat to slightly down month-on-month, with ADR down 3.2% and RevPAR down 3.8%. On a year-to-date basis, room occupancy rose by 0.7 pts and RevPAR was roughly flat to up about 0–0.7%. Regional performance was strong outside the Kansai area, and monthly trends reflecting the impact of reduced inbound demand are reported.
Key Figures
- Domestic Hotels Revenue 11,620 million yen (for the month)
- Domestic Hotels Rooms Revenue 8,089 million yen (for the month)
- Domestic Hotels Non-Room Revenue 3,530 million yen (for the month)
AI要約
Business Performance Overview
This report discloses portfolio management results for August 2026. The monthly performance for 101 domestic hotels shows a room occupancy rate of 87.3% (YoY: △0.5 pt), ADR of ¥18,887 (△3.2%), and RevPAR of ¥15,608 (△3.8%). Revenue was ¥11,620 million, rooms revenue was ¥8,089 million, and non-rooms revenue was ¥3,530 million. YoY comparisons show rooms revenue down △3.9% and non-rooms revenue up △3.3%, reflecting segment differences. Two offshore Cayman properties recorded a room occupancy rate of 43.4%, ADR of USD 316, and RevPAR of USD 137 for August. Inbound demand from abroad was affected by decreases in visitors from China.
Outlook and Implications
Domestic hotels are experiencing modest recovery in cumulative metrics, with occupancy up by 0.7 pt, ADR down 2.4%, and RevPAR down 1.6% MoM. Potential continued softness due to demand fluctuations related to events in Osaka and ongoing Japan-China relations, with JNTO estimating inbound non-resident visitors at a low level (YoY △9.6%). Outside the Kansai region, occupancy remains high. The two offshore properties show improving trends in group bookings, and RevPAR is expected to stay firm.
Invincible Investment Corporation
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