Recovery at Zeavola Resort through Reopening and the Revival of Tourism
First written in FY2021. 11 of 14 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2025.
0 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The company transferred its shares in the equity-method associate operating the resort business and excluded the associate from the scope of equity-method accounting from the third quarter of the fiscal year ending September 2025.」
The shares in the equity-method associate operating the resort business were transferred, and its inclusion in consolidated profit and loss ended from the third quarter of the consolidated accounting period. - FY2025-H1ReframedAnnual report
「The company has decided to transfer its shares in the equity-method associate operating the resort business. The company will exclude the associate from the scope of equity-method accounting from the beginning of the third quarter of the fiscal year ending September 2025, 1 April 2025, and will cease including it in the group's consolidated income statement at the end of the interim consolidated accounting period.」
Following the share transfer, the resort business will be excluded from the scope of equity-method accounting from 1 April 2025, and the policy has shifted to ending its inclusion in consolidated profit and loss at the end of the interim consolidated accounting period. - FY2024AdvancedAnnual report
「The business recorded higher revenue but lower profit for the fiscal year. Revenue was ¥884 million, up 28.9% year on year, while investment income was ¥174 million, down 6.9%.」
The resort business recorded revenue of ¥884 million and investment income of ¥174 million. Revenue increased as guests and occupancy recovered, while profit declined as expenses rose due to repairs and other costs to maintain its five-star status. - FY2024-Q2AdvancedAnnual report
「The business recorded higher revenue and profit in the cumulative second quarter. Revenue for the period was ¥402 million, up 44.1% year on year, and investment income was ¥95 million, up 30.7%. The number of guests increased during the quarter, and occupancy has remained above the level of previous years. Going forward, the company plans capital investment to maintain its five-star status during the low season, which it expects will also result in higher room rates.」
The resort business recorded revenue of ¥402 million and investment income of ¥95 million, generating higher revenue and profit year on year against a backdrop of increased guests and occupancy above the level of previous years. Going forward, it plans capital investment to maintain its five-star status rather than to achieve full operation during the low season, and expects room rates to rise. - FY2024-Q1AdvancedAnnual report
「The business recorded higher revenue and profit in the cumulative first quarter. Revenue for the period was ¥140 million, up 72.2% year on year, and investment income was ¥4 million, compared with investment losses of ¥0 million in the same quarter of the previous year. The number of guests increased during the quarter, and occupancy has remained above the level of previous years. Going forward, the company plans to operate the hotel at full capacity during the low season and make capital investments to maintain its five-star status, which it expects will also result in higher room rates.」
Zeavola Resort recorded higher revenue and profit, driven by an increase in guests and occupancy above the level of previous years, and recorded investment income. Going forward, it plans full operation during the low season and capital investment to maintain its five-star status. - FY2023AdvancedAnnual report
「Going forward, the company plans to operate the hotel at full capacity during the low season and make capital investments to maintain its five-star status, which it expects will also result in higher room rates.」
Building on the recovery after reopening, the company plans capital investment to achieve full operation during the low season and maintain its five-star status, and expects room rates to rise. - FY2023-Q3AdvancedAnnual report
「Going forward, the company plans to operate the hotel at full capacity during the low season and make capital investments to maintain its five-star status, which it expects will also result in higher room rates.」
For Zeavola Resort, the company plans capital investment to achieve full operation during the low season and maintain its five-star status, building on the recovery in guest traffic, and expects room rates to rise. - FY2023-Q2AdvancedAnnual 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.」
Zeavola Resort recorded revenue of ¥279 million and quarterly net profit of ¥66 million as guest traffic recovered after the reopening. Going forward, the company plans capital investment to achieve full operation during the low season and maintain its five-star status, and expects room rates to rise. - FY2023-Q1AdvancedAnnual report
「Following the Thai government's easing of entry restrictions, the resort began operations in December 2021 and generated significantly higher revenue than in the same period of the previous year during the cumulative first quarter. Travel by foreign residents of Thailand and affluent travelers from overseas increased, and from December onward guest traffic recovered rapidly as the resort reopened, resulting in a return to profitability.」
The company has explained that Zeavola Resort generated significantly higher revenue than in the same period of the previous year after resuming operations in December 2021, driven by an increase in travelers and a rapid recovery in guest traffic. - FY2022AdvancedAnnual 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 has explained that Zeavola Resort's recovery after reopening progressed against a backdrop of room occupancy above 80% and the lifting of Thailand's entry restrictions. - FY2022-Q3AdvancedAnnual report
「Following the Thai government's easing of entry restrictions, the resort began operations in December 2021 and generated significantly higher revenue than in the same period of the previous year during the cumulative nine-month period. Travel by foreign residents of Thailand and affluent travelers from overseas, both domestically and internationally, increased, and from December onward guest traffic recovered rapidly as the resort reopened.」
Zeavola Resort resumed operations in December 2021. Revenue for the cumulative third quarter was ¥117 million, up 231.5% year on year. The quarterly net loss also narrowed from ¥164 million to ¥30 million. - FY2022-Q2AdvancedAnnual 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 has explained that Zeavola Resort resumed operations in December 2021, generating revenue above the same period of the previous year and performance above the break-even point for December alone. - FY2022-Q1AdvancedAnnual report
「Going forward, operations will resume in December 2021 as a result of the Thai government's easing of entry restrictions, and the occupancy rate had already exceeded 50% in December, surpassing the break-even point.」
Zeavola Resort resumed operations in December 2021 following the Thai government's easing of entry restrictions, and its occupancy rate exceeded 50% that month, surpassing the break-even point. - FY2021First statedAnnual report
「In November, the Thai government decided to allow quarantine-free entry for vaccinated travellers from 63 countries and plans to add more countries. Restrictions on domestic travel have also been eased, and we expect travellers, our customers, to return as creditworthy customers.」
The company describes a specific outlook for reopening and recovery at Zeavola Resort through quarantine-free entry, the easing of domestic travel restrictions and the revival of tourism.