Kasumigaseki Hotel REIT Investment Corporation [401A.T]
TOKYO, Jul 07 (Pulse News Wire) – Kasumigaseki Hotel REIT Investment Corporation (401A.T) reported robust hotel operations results for May 2026, driven by strong inbound demand across multiple markets. The company's 11 properties with variable rent structures saw a significant increase in revenue per available room (RevPAR) compared to the same month last year, rising by 18.6%.
Key metrics showed a 9.5 percentage point rise in occupancy rates to 77.5%, while average daily rate (ADR) increased to ¥27,558 from ¥26,484. In particular, the Golden Week holiday period boosted high-end domestic demand, allowing the company to maintain elevated ADR levels throughout the month. Several properties, such as Tokyo Nishikasai and Tokyo Ryogoku, experienced numerous days of full occupancy during mid-to-late May.
Total sales for May reached ¥302 million, up from ¥253 million in the previous year. Additionally, the number of foreign visitors to Japan in May was estimated at approximately ¥355 million people, marking a -3.6% increase from the same period last year. Notably, 19 countries, including South Korea, Taiwan, and Malaysia, recorded their highest-ever visitor numbers for the month of May.
The detailed performance data for individual properties can be accessed on the company’s website.
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