Hoshino Resorts Investment Corporation’s April 2026 Operating Results｜Asset Management Status

Performance Overview

In April 2026, Hoshino Resorts Investment Corporation's operating results showed a guest room occupancy rate of 79.3%, down 1.6 points YoY. The ADR was 21,583 yen, roughly unchanged, and RevPAR decreased by 1.7% to 17,121 yen. The decline in demand was driven by the waning effect of demand related to the Osaka-Kansai Expo, restrictions on inbound travel by the Chinese government, and the impact of Golden Week scheduling, with additional effects from closures for renovations. On the other hand, properties in Hokuriku, Okinawa, and Fukuoka region showed demand recovery and maintained performance through marketing strategies. Overall, the portfolio maintained a level comparable to the previous year, though ongoing attention to demand trends and cost movements remains essential.

Future Outlook and Investor Impact

While Middle Eastern geopolitical effects are limited, uncertainties in energy prices and inflation trends could influence operating costs. Continuous monitoring of demand recovery remains important, and efforts such as renovations and new marketing initiatives are expected to contribute to future performance stability. Investors should pay close attention to both demand dynamics and cost management to assess future operating circumstances.