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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, and the management remains stable with a fixed-rent ratio of 81%.
At the middle, the trends in sales-linked rents are shown.
For the period ended November 2018, it recorded ¥276.9 million and we have forcasted ¥73.9 million for the period ending May 2019.
In A-FLAG SAPPORO, whose tenant is Sapporo Tokyu REI Hotel, sales-linked rent is estimated ¥198.7 million, down by ¥78.2 million due the earthquake in Hokkaido in September 2018. As monthly occupancy rate and RevPAR are shown in the bottom line charts, we observed significant negative impact in September. However operation has recovered currently in December and even exceeded those of last year, therefore the impact is tentative and we expect steady operation.
Right chart 2 introduces our efforts to improve attractiveness of facilities and draw customers.
By improving common spaces of facilities, such as installation of mist spray in wood deck at DECKS Tokyo Beach, installation of more toilets in Tokyu Plaza Omotesando Harajuku and A-FLAG SAPPORO, we expect enhancement of both customer satisfaction and sales increase.
Please proceed to the next page.
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