Investor Presentaiton
Relatively Small Decrease in Ichigo Hotel RevPAR vs. 2019
Ichigo Hotel RevPAR (vs. 2019) and Hotel Reservations
Jan
2020
+40%
--Business Hotels
--Full-Service Hotels
Resort Hotels
Japanese Inns
-Number of Guests
Ichigo Hotel RevPAR
+20%
0%
-20%
-40%
-60%
-80%
-100%
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Jan
2021
Feb
Mar
Apr
May
Jun
-
-
*
© Calculated by Ichigo Investment Advisors based on Japan Tourism Agency (JTA) "Statistical Survey of Travelers"
Demand temporarily recovered due to the Go To Travel campaign in October and
November 2020
After January 2021, demand gradually recovered on back of the vaccine rollout, but
slowed due to an increase in case numbers and additional state of emergencies
Business hotel RevPAR decrease vs. 2019 was minimal compared to other hotel types
Decrease in Ichigo Hotel RevPAR better than business hotels after February 2021
Hotel market is expected to recover due to Japan's vaccination rate reaching c. 60%
一期一会|
*
Ichigo Hotel RevPAR is that for variable rent hotels
ICHIGO
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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