For September 2026, portfolio-wide room occupancy decreased by -2.6pt YoY, ADR increased by +1.9%, and RevPAR declined by -1.3%. Excluding four Expo-related properties in the Osaka area, properties operated by Hoshino Resorts showed recovery in both occupancy and rates, suggesting an overall pickup in reservations.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3287","jir_company_name":"Hoshino Resorts REIT, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/3287-20261105-01.pdf","jir_short_summary":"For September 2026, portfolio-wide room occupancy decreased by -2.6pt YoY, ADR increased by +1.9%, and RevPAR declined by -1.3%. Excluding four Expo-related properties in the Osaka area, properties operated by Hoshino Resorts showed recovery in both occupancy and rates, suggesting an overall pickup in reservations.","jir_summary":"### Overview and Trends of the Entire Portfolio\nIn September 2026, overall operating performance showed room occupancy down -2.6pt YoY, ADR up +1.9%, and RevPAR slightly weak at -1.3%. However, Hoshino Resorts-operated properties excluding four Expo-related properties in the Osaka area performed solidly with occupancy +1.4pt, ADR +10.0%, and RevPAR +11.8%. From October onward, the impact of the Expo is expected to ease and reservations are seen recovering. CAPEX investments have produced notable ADR improvements at properties such as KAI Matsumoto, which is evaluated as supporting the ongoing recovery trend.\n\n### Outlook and Impact for Investors\nThe rebound effect from the Expo is expected to substantially moderate, and recovery in reservations should lead to signs of recovery across the Osaka market. Continued ADR improvements from renovations at Hoshino Resorts-operated properties are likely to contribute to sustained profitability, supporting overall occupancy stability and revenue durability. Flexible operation of properties, including capturing demand from events such as the Asian Games, has also contributed to short-term improvements in revenue and occupancy, which is important.","jir_financial_highlights":"Revenue: 6,047 million yen (Month\/YoY change unknown (see monthly breakdown in the body))\nRoom Occupancy: 79.5% (Year-over-Year -2.6pt)\nADR: 21,566 yen (Year-over-Year +1.9%)\nRevPAR: 17,146 yen (Year-over-Year -1.3%)","jir_category":"","jir_hashtags":"#HoshinoResortsREIT, #PortfolioOperatingPerformance, #MonthlyOperatingResults","jir_key_figures":"Revenue: 6,047 million yen (monthly)\nRoom Occupancy: 79.5% (YoY -2.6pt)\nADR: 21,566 yen (YoY +1.9%)","jir_meta_title":"Hoshino Resorts REIT, Inc. Portfolio Operating Performance (September 2026) | November 5","jir_meta_description":"Hoshino Resorts REIT, Inc. publishes its portfolio operating performance for September 2026. Summary of portfolio occupancy, ADR and RevPAR trends, recovery from Osaka Expo impact, and effects of individual property renovations.","jir_og_title":"Hoshino Resorts REIT, Inc. | Key Points of September Operating Performance","jir_og_description":"Summary of portfolio operating performance for September 2026. Variations in occupancy and RevPAR, with recovery from Expo impact and renovation effects as key factors.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9246,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"sales_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-141532","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n