Investor Presentaiton
Summary of Internal Growth Strategy (Hotel)
Hotel
Recognition of External Conditions
•
In light of the recovery of inbound demand and the weak yen,
ADR is increasing and RevPAR at each hotel is trending
upward.
.
•
Compared to leisure demand, the recovery in demand is
lagging for domestic and foreign business use and group use
(banquets, weddings, MICE, etc.).
Besides energy costs, attention needs to be paid to increased
operating costs due to rising prices and wage levels, the
impact of the labor shortage, etc.
Condition of Hotel Market
Changes in Number of Inbound (vs.2019)
Europe and North America
Asia (excluding China)
•
•
•
Future Policy
We will actively capture inbound demand with high room
rates via international brand sales channels, etc.
We will bring in domestic and foreign business use and group
use (banquets, weddings, MICE, etc.), which are expected to
recover, by enhancing sales to corporations, agencies, etc.
With the aim of maximizing GOP, we will respond to rising
operation costs by continuing to raise ADR and achieving
operational efficiency (streamlining such as staffing flexibility
within the hotel group and joint sales activities).
Aiming for rapid recovery to pre-pandemic (2019) rent levels
and further growth.
Accommodation Consumption Unit
Price by International Visitors
(per Person per Visit to Japan)
Condition of Hotel Operating
Scope for Rent Increases at Four Hotel Properties
with Variable Rent (Per Investment Unit/Year) (Note 1)
Rent levels before
Pandemic of COVID-19
1,087
Total
China
140%
120%
100%
80%
60%
40%
20%
0%
Jan-23
Feb-23
Mar-23
Apr-23
May-23
Jun-23
Jul-23
(yen)
90,000
122.9%
80,000
107.7%
70,000
60,000
85.6%
50,000
52,504
40,000
30,000
36.4%
20,000
10,000
0
Aug-23
(Source) Japan National Tourism Organization (JNTO)
(Note) The figures for July and August 2023 are estimates.
78,977
(yen)
1,000
2018 2019 2020 2022 2023 2023
1Q 4Q 1Q 2Q
(Source) Prepared by MTR based on International Visitor
Survey published by Japan Tourism Agency
(Note) Data for 2020 Q2 to 2022 Q3 are missing due to
suspension of the survey during the pandemic.
800
779
600
400
200
0
Actual
(42nd FP)
+Actual
(43rd FP)
1965
952
Actual
(43rd FP)
+Forecast
(44th FP)
Forecast
(44th FP)
+Forecast
(45th FP)
Actual
(FP ended Aug.2019)
+Actual
(FP ended Feb.2020)
18View entire presentation