Invincible REIT's Kansai Hotels Post a 41.5% RevPAR Slide While the Rest of the Portfolio Gains 0.6%
Invincible Investment Corporation says its Kansai hotels posted a 41.5% RevPAR drop in August, a month it says was hit by post-Expo demand cooling and fewer Chinese visitors, while the rest of its 101-hotel portfolio gained 0.6%, and it forecasts a September rebound helped by holiday timing.