Investor Presentaiton
Performance of Courtyard by Marriott Shin-Osaka Station
Regarding ADR, while continuing the high unit-price strategy focusing on individual customers, proactive efforts
to attract group customers supported the occupancy rate.
Inbound travel is increasing for not only leisure but also business use by foreign-affiliated companies. Although
the majority of visitors are from the U.S., use from mainland China (mainly individual visitors) has been on the
rise recently and is now second in volume only to the U.S.
(Reference)
Apr.
2023
May
Jun.
Jul.
Aug.
Share of foreign guests in the total number of guests
67.2%
52.5% 61.3% 54.3% 43.2%
Change in Major Indicators (Year-on-Year Comparison)
43rd FP avg.
(Yen)
(Million yen)
Occupancy rate
81.0%
30,000
90
75
60
25,000
Average daily rate
(ADR)
20,359
yen
20,000
RevPAR
16,486 yen
15,000
45
Rent
10,000
30
5,000
15
(Rent)
0
0
Base
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jun.
Jul.
Aug.
month for rent
2023
Rent recording
Mar.
Apr.
Μαγ
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
month
43rd FP of MORI TRUST REIT, Inc.
43rd FP (actual)
(Difference from
minimum guaranteed rent)
43rd FP (forecast)
(As of Apr. 2023)
(Rent)
(Difference from
minimum guaranteed rent)
43rd FP total
296 mn yen
296 mn yen
mn yen
298 mn yen
244 mn yen
53 mn yen
Rent for the same month of 2019 (left axis)
Rent (left axis)
RevPAR for the same month of the previous year (right axis)
Rent for the same month of the previous year (left axis)
RevPAR for the same month of 2019 (right axis)
RevPAR (right axis)
Change
(Change of rent)
-1 mn yen
51 mn yen
(Note 1) In "Rent," difference from the minimum guaranteed rent is
not included.
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