Invincible Investment Corporation [8963.T]
TOKYO, Apr 24 (Pulse News Wire) – Invincible Investment Corporation (8963.T) reported its hotel portfolio performance for March 2026. Domestic hotels saw a room occupancy rate increase of 2.1 percentage points compared to the same month last year, while ADR decreased slightly and RevPAR increased modestly.
Despite a decline in Chinese visitors due to deteriorating relations, overall demand remained robust, contributing to positive results. The company expects April's RevPAR to drop due to the Osaka Expo and Easter holiday impacts. For overseas properties, the two Cayman Island hotels showed improved performance, with a 21.3-point rise in occupancy rates and higher ADR and RevPAR figures compared to the previous year.
However, April projections indicate a slight decrease in occupancy and RevPAR due to ongoing renovations at one property. Domestic hotel revenue for the quarter grew by 6.6%, driven by strong regional performances across Tokyo, Kansai, and other areas. Total revenue for the domestic portfolio reached 9,938 million yen, up from 9,288 million yen in the same period last year.
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