Investor Presentaiton
Internal Growth / Historical Occupancy Rates
27th Period 28th Period
Mar. 2019 Feb. 2020
Average occupancy rate recovered to the 97% range for the first time
in three years for a fiscal period ended February
Change in Month-End Occupancy Rates for the Past Four Years
N
Nippon
Accommodations
Fund
98.5%
35th Period
Mar. 2023
98.0%
97.4%
97.5%
29th Period 30th Period
Mar. 2020 Feb. 2021
97.0%
97.1%
96.8% 96.8%
96.8% 96.8%
97.4%
97.0%
96.5% 96.5%
96.4%
96.2% 96.2%
96.5%
31st Period 32nd Period
Mar. 2021 Feb. 2022
96.0%
33rd Period 34th Period
95.5%
Mar. 2022 Feb. 2023
95.0%
Mar.
Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Period Average Occupancy Rate Since the Listing
100%
99%
97.6% 97.7% 97.7%
98% 97.1%
96.8%
96.8%
97.0%
97%
96.3%
96.4%
95.8%
96.1%
95.9%
96.1%
97.7%
96.4% 96.8%
95.6%
95.4%
97.3%
96%
96.7%
96.8%
96.4%
96.5%
96.2%
95%
95.9%
95.9%
95.4%
95.6% 95.7%
95.7% 95.7%
94%
94.3% 94.5%
93%
92%
2007
2008
2009
2010
2011
2012年
2013
2014
2015
2016
2017
2018
Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb.
2020
2021
2022
2023
2019
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.
Aug.
Feb. Aug.
Feb. Aug.
2nd 1 3rd 4th 5th 6th
8th 9th 10th 11th 12th 13rd 14th 15th 16th 17th 18th 19th 20th 21st 22nd 23rd 24th 25th 26th 27th 28th 29th 30th 31st 32nd 33rd
Feb.
34th
7th
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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