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Japan Hotel Reit Investment ( (JP:8985) ) has issued an update.
Japan Hotel REIT Investment Corporation announced that in December 2024, its 28 hotels with variable rent saw a significant increase in revenue metrics, with RevPAR rising 19.4% and food and beverage sales up 20.5% year-on-year. The company attributes these gains to high domestic and international leisure demand, and anticipates continued growth in the accommodations market for 2025, which could strengthen its industry position and benefit stakeholders.
More about Japan Hotel Reit Investment
Japan Hotel REIT Investment Corporation operates in the real estate investment trust industry, focusing primarily on hotel properties. The company invests in a portfolio of hotels, generating revenue through variable rent and management contracts, which are influenced by factors like occupancy rates and room pricing.
YTD Price Performance: 1.47%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.3B
See more insights into 8985 stock on TipRanks’ Stock Analysis page.
