Kasumigaseki Hotel REIT Investment Corporation [401A.T]
TOKYO, Jun 05 (Pulse News Wire) – Kasumigaseki Hotel REIT Investment Corporation (401A.T) reported its hotel operations performance for April 2026, showing a slight increase in revenue per available room (RevPAR) compared to the same month last year. However, the growth was dampened due to cancellations caused by deteriorating conditions in the Middle East affecting two properties—Fav Hida Takayama and Fav Lux Hida Takayama—which led to a lower overall RevPAR.
For the month, the occupancy rate increased by 3.9 percentage points to reach 74.3%. Average daily rates (ADR) stood at ¥27,871, while revenue per available room (RevPAR) was recorded at ¥20,710. Total sales came in at ¥285 million, marking a difference from the previous year's figures of ¥278 million and ¥7 million respectively for ADR and RevPAR.
Additionally, the number of foreign visitors to Japan in April 2026 was estimated at approximately ¥369 million people, representing a decrease of -5.5% compared to the same period last year according to data from the Japan National Tourism Organization. Disruptions in travel schedules resulted in a dispersion of demand across March and early April. Despite the challenges faced in April, the company anticipates robust growth in May’s RevPAR compared to the same month last year, viewing recent developments as temporary impacts.
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