Hoshino Resorts REIT, Inc.
Notice on Portfolio Operating Results (May 2026)
In May 2026, the overall portfolio occupancy rate improved by 1.1 percentage points YoY, ADR increased by 2.4%, and RevPAR rose by 3.8%. The Kansai region faced demand decline and price competition, while other areas showed notable recovery. ADR/RevPAR for Hoshino Resorts managed properties reached monthly record highs, and Grand Hyatt Fukuoka posted record-high revenue and GOP. Impacts from Middle East tensions are limited at present.
Key Figures
- Occupancy rate: 80.1% (YoY +1.1pt)
- ADR: 22,950 yen (+2.4%)
- RevPAR: 18,373 yen (+3.8%)
- Sales revenue: 6,288 million yen (+3.5%)
- Grand Hyatt Fukuoka: Monthly record high
AI要約
Performance trends
In May 2026, the portfolio-wide occupancy rate rose by 1.1 points from the previous month, ADR increased by 2.4%, and RevPAR rose by 3.8%, showing steady improvement. Revenue also increased YoY, and ADR/RevPAR for Hoshino Resorts managed properties recorded monthly record highs. The Kansai area faced challenges due to post-Expo Osaka 2025 demand retreat and inbound travel restrictions, while other areas showed robust demand recovery, supporting the overall performance.
Outlook and considerations
The impact of worsening Middle East tensions remains limited at present; however, energy prices and inflation trends could continue to affect operating costs, which warrants ongoing monitoring. Property-level operating results are published monthly, and information on variable-rent properties depends on tenant reports, so consistency with future annual securities reports should be verified.
星野リゾート・リート投資法人
Company overview · Stock price · Financial data · All IR
