Investor Presentaiton
98.5%
98.0%
Internal Growth / Historical Occupancy Rates
The trend of rising occupancy rates is maintained
Change in Month-End Occupancy Rates for the Past Five Years
N
Nippon
Accommodations
Fund
97.0%
97.0%
97.3%
97.2%
96.4% 96.3%
97.4%
97.5%
97.0%
96.5%
96.0%
35th Period - 36th Period
95.5%
Mar. 2023-Sep. 2023
95.0%
Mar.
Apr.
May
Jun.
Jul.
Period Average Occupancy Rate Since the Listing
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
27th Period 28th Period
Mar. 2019 Feb. 2020
29th Period 30th Period
Mar. 2020 Feb. 2021
31st Period 32nd Period
Mar. 2021 Feb. 2022
33rd Period - 34th Period
Mar. 2022 Feb. 2023
100%
99%
98%
97.6% 97.7%
97.7%
97.1%
96.8%
96.8%
96.9%
97%
95.9% 96.1%
96.3%
96.4%
96.1%
97.7%
96.4% 96.8%
95.6%
95.8%
95.4%
97.3%
97.0%
96%
96.7%
96.8%
96.4%
96.5%
96.2%
95%
95.4%
95.6% 95.7%
95.9%
95.9%
95.7% 95.7%
94%
94.3% 94.5%
93%
*
92%
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2023
2019
2020
2021
2022
End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of End of
Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug.
2nd 1 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th 13th 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st 32nd 33rd 34th 35th
Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period Period
Period average month-end occupancy rates indicate figures for the entire portfolio including hospitality facilities.
*1 Period average month-end occupancy rate for the 2nd Period is a figure for the period after the listing (from August 31, 2006, to February 28, 2007).
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