Source disclosure: January 23, 2026
Star Asia Investment Corporation [3468.T]
TOKYO, Jan 23 (Pulse News Wire) --
Star Asia Real Estate Investment Trust (JASDAQ Code: 3468), managed by Star Asia Asset Management Co., Ltd., has announced its hotel operations status for December 2025 and cumulative figures for the current fiscal period (the 20th term ending January 2026). According to the statement released today, the trust's portfolio performance was robust despite ongoing travel advisories from China urging restraint on trips to Japan.
The number of foreign visitors to Japan reached 3,617,700 in December 2025, marking a 3.7% increase compared to the same month last year. For the entire year, visitor numbers surged to 42,683,600, representing a 15.8% rise over the previous year and surpassing the record set in 2024 by more than five million visitors.
Despite these positive trends, the impact of travel advisories from China since November 2025 remains minimal across the trust’s portfolio. Notably, Hokkaido and Tohoku regions saw an uptick in Southeast Asian tourists seeking winter snow experiences. Additionally, Sapporo benefited from resumed Manila-New Chitose flights, leading to increased Filipino tourist arrivals. In Fukuoka, there was a notable influx of travelers from Vietnam and Thailand, attributed to Polaris Holdings' promotional efforts targeting non-Chinese markets.
In Kagoshima, where recovery had been sluggish, government-led campaigns such as the "Winter Warm Stay Promotion" helped stabilize occupancy rates. These factors contributed to overall favorable performance within the hotel portfolio.
Regarding operational results for December 2025, the trust disclosed detailed metrics for eleven hotels that allow comparative analysis with the prior year. Key highlights include a 15.0% improvement in average room occupancy rates and a 16.5% increase in Average Daily Rates (ADRs) for one property. Total revenue for these properties rose significantly, with some achieving increases exceeding 30%.
For instance, HTL-03, Kokohotel Tokyo Nishikasai, reported a 16.5% growth in ADRs to ¥12,546 per night, while HTL-11, Kokohotel Sapporo Ekimae, saw a substantial 39.3% jump in ADRs to ¥13,576. Overall, the portfolio showed strong gains, with several properties experiencing double-digit improvements in both occupancy rates and revenues.
The company also noted that certain hotels did not disclose their data due to changes in tenants or other reasons specified in footnotes. Despite this, the comprehensive performance indicators provided a clear picture of the trust's successful management strategies amid fluctuating market conditions.
For further information, investors can access detailed reports and video explanations through the official YouTube channel of Star Asia Group. Comprehensive data on key performance indicators is also available on the investment trust's website. Investors interested in future projections should consult the September 12, 2025, earnings announcement titled “Interim Report for July 2025 Term (REIT).”
Contact for inquiries regarding this release is Ms. Kaneko Akiko, Executive Director and Chief Financial Officer, reachable via telephone at 03-5425-1340.
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