Sharp Decline in Hotel Demand and Revenue Due to COVID-19
First written in FY2021-Q1. 4 of 14 entries say "Mitigated", first in FY2024-Q1. Latest entry: FY2025-Q1.
The whole theme swung hardest in 2020: 25 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025-Q1RestatedAnnual report
「In the first quarter under review, RevPAR at the hotels we own, defined as revenue per available room, increased 21% year on year, driving the expansion of recurring revenue.」
Regarding the recovery following the sharp decline in hotel demand and revenue caused by COVID-19, the disclosure states that RevPAR at the hotels we own increased 21% year on year, driving the expansion of recurring revenue. - FY2024MitigatedAnnual report
「For the fiscal year under review, RevPAR at the hotels we own, defined as revenue per available room, increased substantially, rising 37% from the fiscal year ended February 2020, which was largely unaffected by COVID-19 in our business activities, and drove the expansion of recurring revenue.」
Regarding the sharp decline in hotel demand and revenue caused by COVID-19, RevPAR increased 37% from the fiscal year ended February 2020, and total recurring revenue reached a record high. - FY2024-Q3MitigatedAnnual report
「In the third quarter under review, RevPAR at the hotels we own, defined as revenue per available room, was 31% higher than in the fiscal year ended February 2020, which was largely unaffected by COVID-19 in our business activities, driving a significant expansion in recurring revenue.」
Regarding the sharp decline in hotel demand and revenue caused by COVID-19, RevPAR at the hotels we own increased 31% from the fiscal year ended February 2020, driving the expansion of recurring revenue. - FY2024-Q2MitigatedAnnual report
「In the second quarter under review, RevPAR at the hotels we own, defined as revenue per available room, was 25% higher than in the fiscal year ended February 2020, which was largely unaffected by COVID-19 in our business activities, driving a significant expansion in recurring revenue.」
Regarding the sharp decline in hotel demand and revenue caused by COVID-19, RevPAR at the hotels we own increased 25% from the fiscal year ended February 2020, driving the recovery and expansion of recurring revenue. - FY2024-Q1MitigatedAnnual report
「In the first quarter under review, RevPAR at the hotels we own, defined as revenue per available room, was up 28.5% from the fiscal year ended February 2020, which was largely unaffected by COVID-19 in our business activities, driving the recovery in recurring revenue.」
Regarding the recovery from the sharp decline in hotel demand caused by COVID-19, the disclosure states that RevPAR at the hotels we own increased 28.5% from the fiscal year ended February 2020, driving the recovery in recurring revenue. - FY2023-Q3Hotel demand is improving strongly but has not returned to pre-COVID-19 levelsAnnual report
「In the real estate industry in which the Company operates, hotel revenue is increasing due to a strong improvement in hotel demand. As inbound demand had not returned to pre-COVID levels, further recovery was expected.」
Regarding hotel demand, which fell sharply due to COVID-19, the disclosure notes strong improvement and revenue growth, primarily in the domestic market, while stating that inbound demand has not returned to pre-COVID-19 levels. - FY2023-Q2Hotel demand is recovering but remains below pre-COVID-19 levelsAnnual report
「In the hotel industry, which was severely affected by COVID-19, local governments continued to lease entire hotel buildings for use as COVID-19-related facilities in various areas, while demand was recovering as restrictions on activities were eased and domestic tourism and event demand increased. Inbound demand remained limited and was considered likely to take time to recover to pre-COVID levels, but further relaxation of government border control measures was expected to support further recovery in hotel demand.」
Regarding hotel demand, which declined during the COVID-19 pandemic, the disclosure states that domestic tourism and event demand have increased and demand is recovering as restrictions on activities have been eased, but inbound demand remains limited and has not recovered to pre-COVID-19 levels. - FY2023-Q1Hotel revenue is recovering, but full recovery has not been achieved; RevPAR is at a post-COVID-19 highAnnual report
「In the hotel industry, which was heavily affected by COVID-19, revenue is on a recovery trend, but inbound demand remains limited and revenue has not recovered to pre-COVID-19 levels.」
The disclosure states that, following the sharp decline in hotel demand caused by COVID-19, revenue is on a recovery trend, but inbound demand remains limited and has not recovered to pre-COVID-19 levels. - FY2022-Q3Domestic mobility has recovered, but hotels have not fully recoveredAnnual report
「In the hotel industry, which was severely affected by COVID-19, domestic mobility was recovering and revenue was increasing accordingly, but inbound demand was almost nonexistent and concerns about the renewed spread of COVID-19 variants meant that a full recovery had not been achieved.」
Hotel revenue increased as domestic mobility recovered, but a full recovery has not been achieved because inbound demand is almost nonexistent and there are concerns about the renewed spread of infections from variant strains. - FY2022-Q2Hotel demand had not recovered, but a recovery was expected as vaccinations progressedAnnual report
「In the hotel industry, which was severely affected by COVID-19, demand had not recovered, partly due to the state of emergency, but a recovery was expected as vaccinations progressed.」
While hotel demand has not recovered following its sharp decline due to COVID-19, the disclosure notes expectations for a recovery as vaccination progresses. - FY2022-Q1Hotel demand had not recovered, but a recovery was expected as vaccinations progressedAnnual report
「In the hotel industry, which was severely affected by COVID-19, demand had not recovered, partly due to the state of emergency, but a recovery was expected as vaccinations progressed.」
While hotel demand has not yet recovered, the disclosure notes expectations for a recovery as vaccination progresses. - FY2021-Q3Recovery trend, but hotel demand and revenue have not fully recoveredAnnual report
「The hotel sector, which was the hardest hit, was showing signs of recovery but had not achieved a full recovery, and revenue had fallen sharply.」
The disclosure states that, while hotel demand continues to be sharply lower due to COVID-19 and is showing signs of recovery, a full recovery has not been achieved and hotel revenue remains substantially depressed. - FY2021-Q2RestatedAnnual report
「In the hotel industry, which was severely affected by COVID-19, restrictions on the movement of people were imposed worldwide, causing demand to plunge.」
The disclosure continues to identify the sharp decline in hotel demand caused by COVID-19 as an event that occurred. - FY2021-Q1MaterialisedAnnual report
「In the hotel industry, which was severely affected by COVID-19, restrictions on the movement of people were imposed worldwide, causing demand to plunge.」
The disclosure identifies the sharp decline in hotel demand caused by restrictions on people's movement as an event that occurred.