Impact of COVID-19 on the Inbound and Accommodation Businesses
First written in FY2020. 3 of 15 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
Intrance moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 2 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Weak Demand from Chinese Visitors Coexisting with Demand from Other RegionsAnnual report
「In addition, although there are longer-term concerns, including a decline in the number of Chinese tourists visiting Japan due to the impact of Japan-China relations, the number of visitors to Japan from other regions has been progressing steadily in the hotel operations industry on which the Company is focused, and the Company believes the outlook remains positive.」
While concerns over the decline in Chinese tourists visiting Japan remain, the market assessment has been updated to reflect steady visitor numbers from regions outside China. - FY2026-H1MitigatedAnnual report
「In addition, in the hotel operations industry on which the Company is focused, the number of tourists visiting Japan and their spending have been tracking above the pace recorded in the previous fiscal year, when both reached record highs, and the Company believes the outlook remains positive.」
The Company stated that the number of tourists visiting Japan and their spending in the hotel operations industry have been tracking above the pace recorded in the previous fiscal year, when both reached record highs, indicating an improvement in market conditions from the previously identified risk of weak travel demand. - FY2024ReframedAnnual report
「Meanwhile, the number of tourists visiting Japan from mainland China, a market on which the Company is focused, remains well below pre-pandemic levels due to factors including Japan-China relations and concerns about the outlook for the Chinese economy. As a result, the Company has continued to be unable to fully benefit from growth in inbound demand.」
The explanation has been reframed from one centered on COVID-19 and entry restrictions to one centered on weak demand from mainland China due to Japan-China relations and concerns about the outlook for the Chinese economy. - FY2024-Q3ReframedAnnual report
「Meanwhile, the number of tourists visiting Japan from mainland China, a market on which the Company is focused, remains well below pre-pandemic levels due to factors including Japan-China relations and concerns about the outlook for the Chinese economy. As a result, the Company has continued to be unable to fully benefit from growth in inbound demand.」
The explanation for the low level of demand to visit Japan from mainland China has shifted from the previous focus on infectious diseases, entry restrictions and opposition to the release of treated water to a focus on Japan-China relations and concerns about the outlook for the Chinese economy. The impact of weak demand itself continues. - FY2024-Q2ReframedAnnual report
「In the market for hotel-related businesses, a focus for the Company, the recovery in tourism demand, particularly among visitors to Japan from overseas, has become increasingly evident, and a recovery in demand for accommodation facilities, mainly for leisure purposes, is expected to continue. Meanwhile, the number of visitors to Japan from mainland China remains low. Although expectations for an increase in visitors rose temporarily after the Chinese government lifted its ban on group tours to Japan, numerous travel cancellations have been reported following China's opposition to the start of the release of treated water from the Fukushima Daiichi Nuclear Power Station into the ocean. Excessive expectations in Japan for an expansion in tourism demand from China are therefore beginning to subside.」
The risk discussion has shifted from its previous focus on COVID-19 and entry restrictions to a situation in which overall overseas tourism demand is recovering, while demand from mainland China remains low and opposition and travel cancellations related to the release of treated water are limiting the recovery. - FY2024-Q1MitigatedAnnual report
「In the market for hotel-related businesses, a focus for the Company, the recovery in tourism demand, particularly among visitors to Japan from overseas, has become increasingly evident, and a recovery in demand for accommodation facilities, mainly for leisure purposes, is expected going forward. Meanwhile, the number of visitors to Japan from mainland China, a key focus for the Company, remains at approximately 10% of the level in the same period of 2019 before the COVID-19 pandemic due to factors including Japan-China relations. While the total number of foreign visitors has recovered to 60% of the level in the same period, recovery from mainland China is clearly lagging, and the uncertain situation continues.」
The Company reported that the recovery in tourism demand, particularly among overseas visitors to Japan, had become increasingly evident, while the number of visitors to Japan from mainland China remained at approximately 10% of the level in the same period of 2019, lagging the recovery of total foreign visitors to 60% of that level. - FY2023-Q3Recovery trend after easing of border controls, but Chinese travelers absentAnnual report
「Inbound demand is on a recovery trend following the review of border control measures, including the easing of restrictions on new entries by foreign nationals. However, as travel to Japan from mainland China has come to a halt, a full-fledged recovery in demand is expected to take additional time.」
The Company stated that inbound demand had entered a recovery trend following the review of entry restrictions, while noting that a full recovery would take time because travel to Japan from mainland China had come to a halt. - FY2023-Q2Chinese travelers absent, alongside signs of recovery from travel support measuresAnnual report
「The market for hotel-related businesses, a focus for the Company, showed a temporary recovery as the number of domestic travelers increased following the easing of the impact of COVID-19 and some entry restrictions for foreign visitors to Japan were lifted. However, the difficult situation continues, with no prospect of a stable recovery. Domestic COVID-19 infections increased, while travel to Japan from China, previously the largest source of foreign visitors to Japan, had come to a complete halt due to continuing lockdowns in mainland China. Meanwhile, signs of recovery began to emerge in accounting periods from the third quarter onward, including a recovery in tourism demand driven by the government's nationwide travel support program, National Travel Assistance (National Travel Discount).」
The Company reported a temporary recovery driven by an increase in domestic travelers and the partial lifting of entry restrictions, while stating that travelers from China had come to a complete halt due to lockdowns in mainland China and that there was no prospect of a stable recovery. It also noted signs of recovery from the third quarter onward due to measures such as National Travel Assistance. - FY2023-Q1No prospect of a stable recovery even after a temporary reboundAnnual report
「The market for hotel-related businesses, a focus for the Company, showed a temporary recovery as the number of domestic travelers surged following the easing of the impact of COVID-19 and some entry restrictions for foreign visitors to Japan were lifted. However, the difficult situation continues, with no prospect of a stable recovery due to a sharp increase in infections caused by new COVID-19 variants and other factors.」
The Company reported a temporary recovery driven by a sharp increase in domestic travelers and the partial lifting of entry restrictions for foreign visitors to Japan, while stating that a stable recovery in the hotel-related market remained out of sight due to a sharp increase in infections caused by new COVID-19 variants. - FY2022-Q3WorsenedAnnual report
「In the hotel market, which is currently a focus for the Group, inbound travelers have remained completely absent due to restrictions on travel to Japan by foreign visitors, with no prospect of recovery whatsoever. Domestic demand showed signs of recovery temporarily as the spread of the infection subsided, but the emergence of variants has left the difficult situation unchanged, with no prospect of a stable recovery.」
Inbound travelers have continued to be absent, and the prospect of recovery is described as “entirely absent.” Domestic demand also showed temporary signs of recovery, but the emergence of variants has eliminated the prospect of a stable recovery. - FY2022-Q2RestatedAnnual report
「In the hotel market, which is currently a focus for the Group, inbound travelers have remained completely absent due to restrictions on travel to Japan by foreign visitors. Domestic demand, on which the Group had relied, has also been significantly affected by restrictions on voluntary restraint, and there is still no prospect of recovery.」
The Company continued to report that inbound demand had halted due to restrictions on travel to Japan by foreign visitors and that there was no prospect of a recovery in domestic demand. - FY2022-Q1WorsenedAnnual report
「In the hotel market, which is currently a focus for the Group, inbound travelers have remained completely absent due to restrictions on travel to Japan by foreign visitors. Domestic demand, on which the Group had relied, has also been significantly affected by restrictions on voluntary restraint, and there is still no prospect of recovery.」
Inbound travelers have remained completely absent in the hotel market, while there is no prospect of a recovery in domestic demand due to the impact of restrictions on voluntary restraint. The impact on the inbound and accommodation businesses has become more specific. - FY2021-Q3WorsenedAnnual report
「In the hotel and commercial facilities businesses, domestic and international travel demand fell sharply and suffered a severe blow due to restrictions on travel to Japan by foreign visitors and requests to refrain from going out under the state of emergency. Although government and administrative economic support measures after the state of emergency was lifted showed signs of a partial recovery, the spread of the infection continued unabated and the difficult situation persists.」
The impact of the infection extended beyond the inbound accommodation business to hotels and commercial facilities, resulting in a sharp decline in travel demand and a severe impact, with only a limited recovery. - FY2021-Q1MaterialisedAnnual report
「Furthermore, the Group has expanded into a new business area targeting inbound tourism, acquiring and developing differentiated accommodation facilities, directing customers to accommodation facilities through subsidiaries, and providing accommodation facility operation services. Meanwhile, the spread of COVID-19 and the prolonged impact of the pandemic have had a significant impact on the inbound business operated by the Company, forcing it to review its business strategy.」
The spread and prolonged impact of COVID-19 significantly affected the inbound business, making a review of the business strategy necessary. - FY2020MaterialisedAnnual report
「Because entry restrictions into Japan associated with the spread of COVID-19 in Japan and overseas have sharply reduced travelers, particularly from China, which the Company targets, a prolonged impact from the spread of the virus could seriously disrupt the Group's business activities and affect its operating results and financial condition.」
The Company initially identified the decline in travelers, particularly from China, due to entry restrictions as a separate risk, with actual effects including the cancellation of 3 Yokocho locations and lower wholesale sales to restaurants.