Capturing inbound demand through the vacation-rental business and other operations
First written in FY2017. 4 of 9 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1DroppedAnnual report
「In the hotel business, contracts for all facilities were terminated during the cumulative consolidated first-quarter period, and the company withdrew from the business.」
The company explicitly stated that it terminated the contracts for all facilities and withdrew from the hotel business, which had been based on capturing inbound demand. - FY2022RestatedAnnual report
「In the hotel business, declining inbound demand continued to have an impact during the current consolidated fiscal year, and the business is being scaled back, including through the termination of the contract for 1 facility.」
The company has again confirmed that the hotel business continues to struggle because of declining inbound demand and that the business is being scaled back, including through the termination of the contract for 1 facility. - FY2022-Q3RestatedAnnual report
「In the hotel business, lower inbound demand continued to have a significant adverse impact during the cumulative consolidated third-quarter period, and the business was scaled back, including through the termination of the contract for 1 facility.」
The company has again confirmed that the hotel business continues to struggle because of declining inbound demand and that the business is being scaled back, including through the termination of the contract for 1 facility. - FY2022-Q2WorsenedAnnual report
「In the hotel business, lower inbound demand continued to have a significant adverse impact during the cumulative consolidated second-quarter period, and the business was scaled back, including through the termination of the contract for 1 facility.」
The hotel business continued to struggle because of declining inbound demand, and the business is being scaled back, including through the termination of the contract for 1 facility. - FY2022-Q1WorsenedAnnual report
「The hotel business, which was significantly affected by lower inbound demand, is being scaled back, including through a new decision to terminate contracts for facilities that had been closed, with termination scheduled for the end of November.」
The impact of declining inbound demand continued, and the company decided to terminate the contract for a closed facility in the hotel business, with termination scheduled for the end of November. - FY2021-Q3WorsenedAnnual report
「The Other businesses comprise the real estate DX business, renamed from the real estate technology business at the beginning of the current fiscal year, the small-amount, short-term insurance business, the hotel business and the overseas systems business. … The hotel business struggled as the decline in inbound demand dealt it a major blow. … Because the adverse impact of COVID-19 on the hotel business is expected to continue, the company terminated the contract for 1 facility at the end of the third quarter of the current consolidated fiscal year, in March.」
The hotel business continued to struggle because of declining inbound demand, and the company stated that it terminated the contract for 1 facility at the end of March because adverse effects were expected to continue. The assumptions underlying the strategy of capturing inbound demand have weakened further. - FY2021-Q2RestatedAnnual report
「The hotel business struggled as a result of the severe blow from the decline in inbound demand.」
The company has again confirmed that the decline in inbound demand caused by the COVID-19 pandemic is having a major impact on the hotel business. - FY2021-Q1WorsenedAnnual report
「The hotel business struggled as the disappearance of inbound demand dealt it a major blow.」
The company explained that the hotel business struggled because inbound demand disappeared. The assumptions underlying the previous strategy of capturing inbound demand deteriorated. - FY2017First statedAnnual report
「The company aims to achieve further growth by capturing the inbound demand expected to increase further with events such as the Tokyo Olympics through new businesses, including vacation rentals, while taking into account the policies of the national and local governments.」
The company has for the first time explicitly stated its policy of capturing the expected increase in demand from visitors to Japan, driven by events such as the Tokyo Olympics, through new businesses including vacation rentals.