Japan Hotel Reit Investment (JP:8985) has released an update.
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Japan Hotel REIT Investment Corporation announced an increase in RevPAR by 12.4% for August 2024, compared to the previous year, despite a typhoon and earthquake alert. The hotel’s food and beverage sales also rose by 16.9%, indicative of strong performance across its 28 hotels with variable rent. These positive trends reflect the success of high unit-price sales strategies and effective marketing.
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