Mirai Reports Higher Hotel Revenue and Occupancy for March

MT Newswires Live04-24 18:24

Mirai (TYO:3476) reported higher hotel revenue and occupancy for March as domestic and inbound travel demand strengthened, according to a Friday filing on the Tokyo Stock Exchange.

Revenue across its five variable-rent Smile Hotels rose 15% to 218 million yen for the month, while occupancy reached 93%, up 3% from a year earlier. Average daily rate climbed 11% to 9,769 yen, and revenue per available room increased 14% to 9,090 yen.

For the fiscal period ending April 2026, revenue grew 9% to 986 million yen, with occupancy at 89%, ADR at 9,441 yen, and RevPAR at 8,413 yen, all showing gains from the prior year.

The company said spring travel demand, including cherry blossom season and holiday-related trips, drove performance across all five properties.

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