Investor Presentaiton
一期一会|
ICHIGO
Market Environment & Forecast Assumptions
Hotel Market Remains Uncertain
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Hotel demand is forecast to gradually recover on the back of vaccine rollout, but
will likely take up to one year to significantly recover
Occupancy and ADR Forecasts for 14 Variable Hotels
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Forecasting Occupancy at -20~-40% & ADR at -35--50% vs. 2019 (Pre-Covid)
levels
July 2021 Forecast
January 2022 Forecast
Occupancy
57.8%
ADR
JPY 4,737
68.1%
JPY 4,988
(Reference)
July 2019 Actual*
January 2020 Actual*
Occupancy
ADR
89.7%
JPY 8,668
85.4%
JPY 7,760
* Actual data of 13 hotels for July 2019 fiscal period and 12 hotels for January 2020 fiscal period
O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved.
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