Invincible Investment Corporation Announces 3.9% Year-Over-Year Decrease In Net Operating Income for December 2019

The overall Portfolio NOI for December 2019 fiscal period (from July to September) decreased by 3.9% compared to the same period in 2018. The decline in NOI for September 2019 (-1.1%) stems from several issues affecting the Japan hotel and tourism market, including (i) the prolonged trade and diplomatic dispute between Japan and South Korea resulting in fewer inbound travelers from South Korea and (ii) several typhoons in September which impacted travel demand.

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