|
|
 |
|
|
|
|
|
This page explains the trend of API’s hotels.
We hold hotel zones in three properties, namely Tokyu Plaza Akasaka, A-FLAG SAPPORO and Kobe Kyu Kyoryuchi25Bankan.
At the middle column, the trends in sales-linked rent are shown.
For the odd period, only Kobe Kyu Kyoryuchi 25Bankan pays sales-linked rent, and the period ended May 2018 recorded ¥73.8 million, increased by 11% year-on-year.
We are expecting ongoingly stable sales-linked rent from hotels for coming periods, with forecasted amount of ¥276.9 million for the 14th period and ¥73.9 million for the 15th period.
On the right, I would like to refer to the measures that we’re taking towards the demand related to the inbound tourism.
In Tokyu Plaza Omotesando Harajuku and DECKS Tokyo Beach which have upside potentials related to the inbound tourism, the ratio of duty-free sales 2017 resulted in 15% and 12%, respectively, leaving much room for improvement. While, the consumption in Japan of inbound tourists demonstrates an upward trend along with the increase in the number of tourists from oversea.
Although duty-free sales recording a high growth, the ratio of duty-free sales of each of our properties is still sluggish. We will therefore diligently take different measures targeting inbound tourists to fill their growing needs which should lead to further increase in sales.
Please proceed to the next page.
|
|
|
