Lower Occupancy at Zeavola Resort and Economic and Weather-Related Risks
First written in FY2017. 11 of 16 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
The whole theme swung hardest in 2020: 9 of 16 companies on the "Worse" side.
7 other companies' latest entry also says "Mitigated".
- FY2024MitigatedAnnual report
「The number of guests increased during the current fiscal year, and occupancy has remained above the level of previous years. As a result, revenue for the current consolidated fiscal year increased year on year.」
At Zeavola Resort, guest numbers and occupancy remained above the level of previous years, resulting in a year-on-year increase in revenue. According to the company's explanation, the risk associated with lower occupancy and the suspension of operations has been further mitigated. - FY2024-Q2MitigatedAnnual report
「The number of guests increased during the quarter, and occupancy remained above the level of previous years. As a result, revenue for the quarter increased year on year.」
At Zeavola Resort, guest numbers and occupancy remained above the level of previous years, resulting in a year-on-year increase in revenue. According to the company's explanation, the risk of deteriorating performance due to lower occupancy and the suspension of operations has been further mitigated. - FY2024-Q1MitigatedAnnual report
「The business recorded increases in both revenue and profit during the cumulative first quarter of the current consolidated fiscal year. Revenue for the cumulative first quarter was ¥140 million, compared with a 72.2% increase in the same quarter of the previous year, while investment income was ¥4 million, compared with no investment loss in the same quarter of the previous year. The number of guests increased during the quarter, and occupancy remained above the level of previous years.」
The resort business recovered in terms of both guest numbers and occupancy, recording revenue of ¥140 million and investment income of ¥4 million. It swung from an investment loss in the same quarter of the previous year to investment income, and the risk of lower occupancy was further mitigated, according to the company. - FY2023MitigatedAnnual report
「The resort has shown a strong recovery, with room occupancy substantially exceeding 90%. Thailand has already eased its entry restrictions, including by removing them, creating an environment in which the affluent customers targeted by the hotel are increasingly able to travel. We therefore expect a strong recovery to continue.」
The company explains that Zeavola Resort's room occupancy substantially exceeded 90% and that the removal of Thailand's entry restrictions has progressed, further mitigating the risk of lower occupancy. - FY2023-Q3MitigatedAnnual report
「The number of guests increased during the current fiscal year, and occupancy has remained above the level of previous years. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year increased substantially year on year.」
The company explains that, following its reopening, Zeavola Resort recovered in terms of both guest numbers and occupancy, resulting in a substantial year-on-year increase in revenue. - FY2023-Q2MitigatedAnnual report
「The business recorded a substantial increase in both revenue and profit during the cumulative second quarter of the current consolidated fiscal year. Revenue for the cumulative second quarter was ¥279 million, up 727.0% year on year, and quarterly net income was ¥66 million, compared with a quarterly net loss of ¥39 million in the same quarter of the previous year.」
The resort business operating Zeavola Resort swung from a quarterly net loss in the same period of the previous year to quarterly net income of ¥66 million, while revenue increased 727.0%. The company explains that the deterioration in performance caused by lower occupancy and the closure was further mitigated. - FY2023-Q1MitigatedAnnual report
「The business recorded a substantial increase in both revenue and profit during the cumulative first quarter of the current consolidated fiscal year. Revenue for the cumulative first quarter was ¥81 million, compared with no revenue in the same quarter of the previous year, while the quarterly net loss was ¥8 million, compared with a quarterly net loss of ¥29 million in the same quarter of the previous year.」
Zeavola Resort's revenue increased from zero in the same period of the previous year to ¥81 million, while its quarterly net loss narrowed from ¥29 million to ¥8 million. - FY2022MitigatedAnnual report
「The resort has shown a strong recovery, with room occupancy substantially exceeding 80%. Thailand has already eased its entry restrictions, including by removing them in June, creating an environment in which the affluent customers targeted by the hotel are increasingly able to travel. We therefore expect a strong recovery to continue.」
The company explains that Zeavola Resort's room occupancy substantially exceeded 80% and that the removal of Thailand's entry restrictions has progressed, mitigating the risk of lower occupancy. - FY2022-Q3MitigatedAnnual report
「On the other hand, the resort began operations in December 2021 following the Thai government's relaxation of entry restrictions, resulting in a substantial year-on-year increase in revenue for the cumulative third quarter of the current consolidated fiscal year. Domestic and international travel by foreign residents of Thailand and affluent overseas customers has increased, and customer traffic to the business recovered sharply from December as the resort reopened. As a result, performance improved from the same period of the previous year.」
Following the reopening of Zeavola Resort, customer traffic recovered sharply and revenue increased year on year, mitigating the deterioration in performance caused by the closure. - FY2022-Q2MitigatedAnnual report
「On the other hand, the resort began operations in December 2021 following the Thai government's relaxation of entry restrictions, resulting in a substantial year-on-year increase in revenue for the cumulative second quarter of the current consolidated fiscal year. Domestic and international travel by foreign residents of Thailand and affluent overseas customers has increased, and customer traffic to the business recovered sharply in December as the resort reopened. As a result, performance exceeded the break-even point in December alone.」
The company explains that Zeavola Resort resumed operations in December 2021, customer traffic recovered sharply, and performance exceeded the break-even point in December alone. - FY2022-Q1MitigatedAnnual report
「The resort plans to resume operations in December 2021 following the Thai government's relaxation of entry restrictions. Its occupancy rate exceeded 50% in December, already surpassing the break-even point. We expect conditions to continue improving.」
The company explains that Zeavola Resort resumed operations in December 2021 and that its occupancy rate exceeded 50% that month, surpassing the break-even point. - FY2021MaterialisedAnnual report
「During the current fiscal year, the resort had no revenue because it had essentially been closed since April 2020, while employee salaries, facility maintenance costs and depreciation weighed heavily on results, resulting in a loss of ¥122 million for the year ended September 2021.」
Zeavola Resort had essentially been closed since April 2020, generating no revenue, and actually recorded an annual loss of ¥122 million. - FY2020RestatedAnnual report
「The resort's occupancy rate has remained high and generated steady cash flow at present, but as its customers are primarily affluent people from overseas, a decline in occupancy could adversely affect performance.」
The company continues to disclose the risk that lower occupancy at Zeavola Resort could affect performance, while indicating high occupancy and steady cash flow. - FY2019RestatedAnnual report
「Occupancy at the resort is currently high and it is generating steady cash flow. However, because its customers are primarily affluent Europeans, a downturn caused by financial instability in Europe or a decline in guest numbers due to adverse weather could reduce occupancy and adversely affect performance.」
The company continues to disclose Zeavola Resort's high occupancy and steady cash flow, while noting the risk of lower occupancy due to the European economy and adverse weather. - FY2018RestatedAnnual report
「Occupancy at the resort is currently high and it is generating steady cash flow. However, because its customers are primarily affluent Europeans, a downturn caused by financial instability in Europe or a decline in guest numbers due to adverse weather could reduce occupancy and adversely affect performance.」
The company continues to disclose Zeavola Resort's high occupancy and steady cash flow, while noting the risk of lower occupancy due to the European economy and adverse weather. - FY2017First statedAnnual report
「Occupancy at the resort is currently high and it is generating steady cash flow. However, because its customers are primarily affluent Europeans, a downturn caused by financial instability in Europe or a decline in guest numbers due to adverse weather could reduce occupancy and adversely affect performance.」
The company reports strong occupancy and cash flow but identifies lower occupancy resulting from the European economy or adverse weather as a risk.