Hotel Market Update Japan Hotels & Hospitality Group October 216
Contents 目次 Market Update マーケット概要 3 Tokyo & Osaka 東京及び大阪 4 Tokyo Osaka Hokkaido & Kyoto 北海道及び京都 6 Hokkaido Kyoto Fukuoka & Okinawa 福岡及び沖縄 7 Fukuoka Okinawa Hotel Investment Market ホテル投資マーケット 8 2 JLL Hotels & Hospitality Group
Market Update マーケット概要 北海道 Hokkaido 京都 Kyoto 東京 Tokyo 福岡 Fukuoka 大阪 Osaka 沖縄 Okinawa Total Number of Accommodation Guests in Japan by Accommodation Type / 日本宿泊施設タイプ別延宿泊者数 Total Number of Guests (Million) / ) 45 4 35 3 25 2 15 1 5 216 Others / 28 29 21 211 212 213 214 Full-Service Hotel / Limited-Service Hotel / Visitor Arrivals to Japan / 訪日外客数 Visitor Arrivals(Million) / 25 2 15 1 5 25 26 27 28 29 21 211 212 213 214 Visitor Arrival to Japan / Growth / 5% 4% 3% 2% 1% % -1% -2% -3% -4% -5% 216 Growth / * 従業員数 1 人以上の宿泊施設 *Exclusive guests staying in hotel accommodation with less than ten employees Source: Japan Tourism Agency / 出典 : 観光庁 Source: Japan National Tourism Organization (JNTO) / 出典 : 日本政府観光局 (JNTO) Hotel Market Update Japan 3
Tokyo 東京 The number of inbound visitors in Japan showed a year-onyear increase of 24.7% for ust 216. Despite the recent appreciation of JPY, the number of inbound tourists steadily grew, and is anticipated to reach approximately 24 million by the end of 216. However, hotel performance in Tokyo has begun to slow down. RevPAR of luxury/upscale hotel segment from May to ust this year underperformed that of last year, while RevPAR of midscale/limited-service hotel segment during the same period showed limited growth. 訪日外国人数は216 年 8 月までに対前年比で 24.7% の増加となった 円高傾向が続いているものの 訪日外国人数は堅調な増加を続けており 216 年末には24 百万人前後に達すると予想される 一方で 東京のホテルパフォーマンスについては低迷しはじめている 宿泊主体型ホテルの月次 RevPARは依然として前年同月を僅かながらも上回っているが シティホテルの RevPARは216 年 5 月 ~8 月まで前年同月比で下落が続いている Tokyo Trading Performance (Mid-scale + Limited) Tokyo Trading Performance (Luxury + Upscale) ADR/RevPAR(JPY) 14, 12, 1, 8, 6, 4, 2, 29 21 211 212 213 214 216 OCC 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % ADR RevPAR OCC / Sample numbers: 12 hotels (27,961 keys) ADR/RevPAR(JPY) 4, 35, 3, 25, 2, 15, 1, 5, 29 21 211 212 213 214 ADR RevPAR OCC / 216 OCC 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Sample numbers: 29 hotels (11,452keys) Source: Categorized by JLLʼs proprietary criteria based on STR Globalʼs data 出典 :STR グローバルのデータを基に JLL 独自の基準で分類 4 JLL Hotels & Hospitality Group Source: Categorized by JLLʼs proprietary criteria based on STR Globalʼs data 出典 :STR グローバルのデータを基に JLL 独自の基準で分類
Osaka 大阪 In the Osaka market, monthly RevPAR of luxury/upscale hotel segment and midscale/limited-service hotel segment in ust declined by 1% and 4%, respectively. Hotel performance in Osaka, which significantly improved in recent years declined as compared to the same period last year. Osaka s hotel room supply is anticipated to increase by approximately 2% in the next few years. As accommodation demand continues to grow, new room supply will have a negative impact on existing hotels in Osaka. 大阪のマーケットにおいては 216 年 8 月単月ではあるが シティホテルの RevPARが前年同月比で約 1% 同じく宿泊主体型ホテルのRevPARが約 4% 下落した ここ数年好調に推移してきた大阪のホテルパフォーマンスもついに前年同月水準を割り込む結果となった 大阪においては 今後数年の間に ホテルの客室供給が2% 前後増加する予定となっている 宿泊需要は引き続き増加しているものの 客室の供給増加が大阪所在既存ホテルのパフォーマンスに影響を与える可能性が懸念される Osaka Trading Performance (Mid-scale + Limited) Osaka Trading Performance (Luxury + Upscale) ADR/RevPAR(JPY) 14, 12, 1, 8, 6, 4, 2, 21 211 212 213 214 ADR RevPAR OCC / 216 OCC 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % Sample numbers: 12 hotels (2,855 keys) ADR/RevPAR(JPY) 25, 2, 15, 1, 5, 29 21 211 212 213 214 ADR RevPAR OCC / OCC 1% 9% 8% 7% 6% 5% 4% 3% 2% 1% % 216 Sample numbers: 14 hotels (5,14 keys) Source:Categorized by JLLʼs proprietary criteria based on STR Globalʼs data 出典 :STR グローバルのデータを基に JLL 独自の基準で分類 Source: Categorized by JLLʼs proprietary criteria based on STR Globalʼs data 出典 :STR グローバルのデータを基に JLL 独自の基準で分類 Hotel Market Update Japan 5
Hokkaido 北海道 Kyoto 京都 Hokkaido s Profile: With its natural attractions, such as powder snow and hot springs, Hokkaido attracts domestic and inbound tourists from many Asia Pacific countries. 北海道 : パウダースノー 温泉等 自然の観光資源が豊富で 国内はもとより アジア パシフィック諸国の旅行者にも人気 Kyoto s Profile: As the former capital city of Japan, Kyoto is one of the most popular destinations in Japan among domestic as well as international tourists. 京都 : 日本の古都として 日本人及び外国人旅行者からも人気が高い 国内屈指の人気観光都市 Total Number of Accommodation Guests in Hokkaido Prefecture by Accommodation Type / 北海道宿泊施設タイプ別延宿泊者数 Total Number of Accommodation Guests in Kyoto Prefecture by Accommodation Type / 京都府宿泊施設タイプ別延宿泊者数 Total Number of Guests (Million) / ) Total Number of Guests (Million) / ) 3 25 2 15 1 5 28 29 21 211 212 213 214 216 18 16 14 12 1 8 6 4 2 28 29 21 211 212 213 214 216 Full-Service Hotel / Limited-Service Hotel / Others / Full-Service Hotel / Limited-Service Hotel / Others / * 従業員数 1 人以上の宿泊施設 *Exclusive guests staying in hotel accommodation with less than ten employees Source: Japan Tourism Agency / 出典 : 観光庁 * 従業員数 1 人以上の宿泊施設 *Exclusive guests staying in hotel accommodation with less than ten employees Source: Japan Tourism Agency / 出典 : 観光庁 6 JLL Hotels & Hospitality Group
Fukuoka 福岡 Okinawa 沖縄 Fukuoka s Profile: As the key city of the Kyushu region, Fukuoka enjoys both business and leisure tourism demand. Due to its proximity to East Asian countries, Fukuoka attracts many visitors from neighboring countries. 福岡 : 九州の中心都市として ビジネス関連 レジャー関連の観光需要に恵まれており また東アジア諸国から近いこともあり 海外からの訪問者も多い Okinawa s Profile: Located in south western Japan, Okinawa is Japan s most popular beach resort destination. Okinawa s unique culture attracts tourists throughout the year. 沖縄 : 日本の南西に位置し 日本において最も人気の高いビーチリゾートであり また 沖縄固有の文化は年間を通して旅行者を魅了 Total Number of Accommodation Guests in Fukuoka Prefecture by Accommodation Type / 福岡県宿泊施設タイプ別延宿泊者数 Total Number of Accommodation Guests in Okinawa Prefecture by Accommodation Type / 沖縄県宿泊施設タイプ別延宿泊者数 Total Number of Guests (Million) / ( ) Total Number of Guests (Million) / ( ) 16 14 12 1 8 6 4 2 28 29 21 211 212 213 214 216 2 18 16 14 12 1 8 6 4 2 28 29 21 211 212 213 214 216 Full-Service Hotel / Limited-Service Hotel / Others / Full-Service Hotel / Limited-Service Hotel / Others / * 従業員数 1 人以上の宿泊施設 *Exclusive guests staying in hotel accommodation with less than ten employees Source: Japan Tourism Agency / 出典 : 観光庁 * 従業員数 1 人以上の宿泊施設 * Exclusive guests staying in hotel accommodation with less than ten employees Source: Japan Tourism Agency / 出典 : 観光庁 Hotel Market Update Japan 7
Hotel Investment Market ホテル投資マーケット Recent Major Hotel Transactions / 最近の主要ホテル取引 Month Year Hotel Name Hotel Type City Location Perfecture # of Keys Seller Type Buyer Type Price (JPY) Feb-16 Loisir Hotel Spa Tower Naha Full-service Naha-shi Okinawa 62 Investment Fund (US) J-REIT (Japan) 2.B Mar-16 Asahikawa Grand Hotel Full-service Asahikawa-shi Hokkaido 237 Investment Fund (Japan) J-REIT (Japan) 4.6B Hotel MyStays Gotanda Station Limited-service Shinagawa-ku Tokyo 333 24.7B Mar-16 Hotel Epinard Nasu Full-service Nasu-gun Tochigi 31 21.B Investment Fund (US) J-REIT (Japan) Hotel MyStays Fukuoka Tenjin Limited-service Fukuoka-shi Fukuoka 217 8.1B Hotel MyStays Hamamatsucho Limited-service Minato-ku Tokyo 15 8.B Apr-16 Hotel Centraza Hakata Full-service Fukuoka-shi Fukuoka 194 NA J-REIT (Japan) 7.2B Apr-16 Urawa Royal Pines Hotel Full-service Saitama-shi Saitama 196 NA J-REIT (Japan) 17.5B Apr-16 Okura Act City Hotel Hamamatsu Full-service Hamamatsu-shi Shizuoka 322 Corporate (Japan) J-REIT (Japan) NA Apr-16 JAL Private Resort Okuma Full-service Kunigami-son Okinawa 184 Investment Fund (US) Real Estate Company (Japan) NA May-16 Kai Kaga Full-service Kaga-shi Ishikawa 48 Hotel Operator (Japan) J-REIT (Japan) 3.2B May-16 Grand Pacific LE DAIBA Full-service Minato-ku Tokyo 884 Corporate (Japan) Real Estate Company (Japan) 66B Jun-16 Hotel Sunroute Shinagawa Seaside Limited-service Shinagawa-ku Tokyo 3 NA J-REIT (Japan) NA Jun-16 Hotel MyStays Kanazawa Limited-service Kanazawa-shi Ishikawa 244 13.8B Investment Fund (US) J-REIT (Japan) Takamatsu Tokyu REI Hotel Limited-service Takamatsu-shi Kagawa 191 2.1B Jun-16 Iwate Hotel & Resort (APPI Resort) Full-service Hachimantai-shi Iwate NA Real Estate Company (Japan) / NA (Asia) Hotel Operator (Japan) NA -16 Hotel Vista Grande Osaka Limited-service Osaka-shi Osaka 314 NA J-REIT (Japan) 27.B 8 JLL Hotels & Hospitality Group
Month Year Hotel Name Hotel Type City Location Perfecture # of Keys Seller Type Buyer Type Price (JPY) Nest Hotel Osaka Shinsaibashi Limited-service Osaka-shi Osaka 32 7.6B Comfort Hotel Central International Airport Limited-service Tokoname-shi Aichi 346 5.3B Smile Hotel Tokyo Asagaya Limited-service Suginami-ku Tokyo 112 3.9B Nest Hotel Naha Limited-service Naha-shi Okinawa 193 3.8B -16 Smile Hotel Asakusa Limited-service Taito-ku Tokyo 96 1.9B Real Estate Company J-REIT (Japan) (Japan) Nest Hotel Matsuyama Limited-service Matsuyama-shi Ehime 19 1.6B Hotel Livemax Nihombashi-Hakozaki Limited-service Chuo-ku Tokyo 48 1.4B Comfort Hotel Okayama Limited-service Okayama-shi Okayama 28 1.3B Comfort Hotel Kushiro Limited-service Kushiro-shi Hokkaido 126.3B Comfort Hotel Suzuka Limited-service Suzuka Mie 15.3B -16 Hotel Ascent Fukuoka Limited-service Fukuoka-shi Fukuoka 26 NA J-REIT (Japan) 4.9B Sep-16 Hilton Nagoya Full-service Nagoya-shi Aichi 46 NA J-REIT (Japan) 15.3B Source: JLL, based on publicly available information / 出典 : 公表情報に基づき JLL 作成 The number of hotel transactions for 3Q 216 dropped by half compared to the same period in. Buyersʼ appetite for hotel assets still remains high, but there are only a limited number of hotels assets available for sale. Japan Hotel REIT acquired Hotel Vista Grande Osaka (314 rooms) in May for JPY 27 billion and Hilton Nagoya (46 rooms) in September 216 for JPY 15.25 billion. Per-room price of Hotel Vista Grande Osaka reached JPY 86 million, a historic record in the Osaka hotel market.this hotel will be rebranded to Holiday Inn Osaka Nanba from November 216. 216 年第 3 四半期終了時におけるホテル資産取引件数は 昨年同期比でおおよそ半減している 投資家の購入意欲は引き続き高いが 売り物件が減少している ジャパン ホテル リート投資法人は 216 年 8 月にホテルビスタグランデ大阪 (314 室 ) を 27 億円で取得し 9 月にはヒルトン名古屋 (46 室 ) を 152.5 億円で取得した ホテルビスタグランデ大阪の1 室あたりの取得価額は86 百万円となり 大阪市所在のホテルとしては最高額を記録した なお ホテルビスタグランデ大阪は今年の11 月より ホリデイ イン大阪難波にリブランドされる Number of Hotel Asset Transactions / ホテル資産取引件数 12 1 8 6 4 2 24 25 26 27 28 29 21 211 212 213 214 216 Contributor 寄稿者 寺田八十一 Yasokazu Terada Executive Vice President Hotels & Hospitality Group Japan yasokazu.terada@ap.jll.com Q1/ 1 Q2/ 2 Q3/ 3 Q4/ 4 Excluding transactions between related parties, such as those between a REIT and its sponsor / 関連会社間取引 (REIT 及びそのスポンサー間取引等 ) を除く Source: Publicly available data, JLL / 出典 : 公表情報および JLL About JLL s Hotels & Hospitality Group JLL s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor in the world, totaling US$51 billion over the last five years. Between negotiating some of the world s biggest property deals, the group s 34-strong global team also executed 4,6 advisory, valuation and asset management assignments. Numbers set the scene, the real story is in the relationships that the firm has forged with investors and owner/operators worldwide, who turn to JLL to shape their investment strategies and maximize the value of their assets. These assets sit at the heart of the industry. The firm is recognized as the global leader in real estate services across hospitality properties of all shapes and sizes: from luxury, upscale, select service and budget hotels to timeshare and fractional ownership properties; convention centers and mixed-use developments. We work with the most extraordinary, enticing, entertaining and, not to mention profitable, properties in the world. Hotel Market Update Japan 9
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