Japan Hotel REIT Investment (TYO:8985) said its 29 hotels generated total revenue of 7.42 billion yen in August, down 6.9% from a year earlier, according to a Tokyo bourse filing on Thursday.
Hotel occupancy slipped 0.2% in August to 84.1%.
The average daily rate fell 8.8% to 23,337 yen, while revenue per available room (RevPAR) dropped 8.9% to 19,616 yen.
The REIT expects RevPAR in September to surpass last year's comparable figure.
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