Phased Reopening of Hotels After Suspensions and Capture of Domestic and Business Demand

「Operating profit fell below the result for the same month of the previous year because selling, general and administrative expenses increased due to the impact of a full-day closure for renovation of an existing business hotel, as well as persistently high raw-material prices and continued increases in energy costs.」

「The full renovation of all 108 rooms, excluding the annex extension, was completed by April 2025, and sales of all rooms resumed. The renovations increased the number of guests accommodated per room, while the company expanded sales controls that enabled plan design suited to the needs of multiple guests, including family and group travelers, and bookings for consecutive nights, and strengthened sales activities aimed at securing group accommodation demand.」

「In addition to securing stable earnings from the condominium front-desk services business, the hotel business benefited from increased inbound spending and strong domestic travel during the holiday season. The company actively pursued accommodation demand from groups as well as individuals and strengthened sales controls, resulting in high occupancy on nearly every day, particularly on weekends, at all facilities in Chiba Prefecture and Tokyo, and a significant increase in revenue.」

「At the business hotels operated in Chiba Prefecture, the number of leisure-related guests increased substantially as visitor numbers at nearby theme parks rose sharply on the back of enhanced promotions and the active hosting of large-scale events. Revenue also grew significantly as the company actively pursued group accommodation demand, including school trips and corporate events.」

「The company stepped up its approach to family and group travelers by designing plans suited to the needs of multiple guests and implementing sales controls that enabled bookings for consecutive nights, while pursuing an increase in the number of guests per room. It also adjusted selling prices based on demand forecasts to maintain appropriate room rates, resulting in further improvement.」

「The company also stepped up its approach to family and group travelers and made pricing adjustments in line with demand fluctuations, resulting in significant improvement in room rates.」

「At each facility, the company worked to thoroughly prevent COVID-19 infections and provide safe and secure accommodation services. It also pursued group reservations from corporations, schools and other organizations, and developed plans to secure accommodation reservations early.」

「At each facility, the company worked to thoroughly prevent COVID-19 infections and provide safe and secure accommodation services. It also pursued group reservations from corporations, schools and other organizations, and developed plans to secure accommodation reservations early.」

「Our unit hotels, which are operated mainly in central Tokyo, have remained in a difficult situation as the prolonged COVID-19 pandemic has forced us to close 4 facilities. However, at Tokyo Ariake BAY HOTEL, operations resumed in late April in light of the increase in the number of events and visitors at a large nearby exhibition venue.」

「Our unit hotels, which are operated mainly in central Tokyo, have remained in a difficult situation as the prolonged COVID-19 pandemic has forced us to close 4 facilities,」

「The business hotels operated in Chiba Prefecture continued to face difficult conditions, with occupancy rates remaining low following the declaration of a state of emergency. In addition to capturing business demand from nearby construction workers and others, the company worked to secure revenue at CVS BAY HOTEL by obtaining group reservations during the Tokyo Olympics and sporting events at nearby facilities. It also actively promoted sales activities that leveraged the economies of scale from the opening of an extension building, including increasing the number of sales staff responsible for group reservations.」

「Tokyo Ariake BAY HOTEL has been temporarily closed again since October in light of the cancellation or downsizing of exhibitions and events, including the cancellation of the Tokyo Motor Show scheduled at a nearby large exhibition venue. The number of operating unit-style hotels is now 1.」

「All 4 facilities had been temporarily closed, but Akihabara BAY HOTEL resumed operations on 12 May under an operating policy centered on collaboration projects with various media content. Tokyo Ariake BAY HOTEL also resumed operations on 15 June and, from July, was leased as a whole facility for accommodation by companies involved in operating the Tokyo Olympics.」

「Only 1 facility is currently operating. Of the 3 closed unit-style hotels, Tokyo Ariake BAY HOTEL is scheduled to reopen during the Tokyo Olympics planned for this summer because it has received a reservation to lease the entire facility as accommodation for companies involved in operations. For the other periods and the other 2 facilities, the company will continue examining reopening dates while closely monitoring infection conditions in Japan and overseas and developments concerning the Tokyo Olympics.」

「The unit-style hotels resumed operations at Akihabara BAY HOTEL from 1 July and Nihombashi Muromachi BAY HOTEL from 16 July, taking into account the lifting of the state of emergency and requests to refrain from cross-prefectural travel. Collaboration projects with media content, which had been postponed, also resumed on the same dates.」

「The unit-style hotels resumed operations at Akihabara BAY HOTEL from 1 July and Nihombashi Muromachi BAY HOTEL from 16 July, taking into account the lifting of the state of emergency and requests to refrain from cross-prefectural travel. Collaboration projects with media content, which had been postponed, also resumed on the same dates.」

「The unit-style hotel facilities are currently closed. The company will reopen them in stages while assessing accommodation demand as the COVID-19 pandemic subsides, and will work to secure earnings. Although demand from foreign travelers is expected to remain weak for the time being, the company will strengthen efforts to capture business and domestic travel demand and seek to improve earnings over the medium to long term by capturing various forms of demand associated with the Tokyo Olympics scheduled for summer 2021.」