Risks of declining inbound visitors and private-lodging entry for accommodation facilities
First written in FY2025. 3 of 4 entries say "Materialised", first in 2026-05-13. Latest entry: FY2026.
Thermae-Yu Holdings moved to the "Worse" side of this theme in 2026, 8 years after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the previous consolidated fiscal year, accommodation demand remained strong, supported by rising prices at nearby hotels and other accommodation facilities. In the current consolidated fiscal year, however, accommodation prices at nearby facilities were trending downward, forcing this facility to reduce its prices, which contributed to the decline in revenue.」
At the Nishiazabu facility, the company was also forced to reduce accommodation prices as prices at nearby accommodation facilities declined, realizing the competitive and price volatility risks in the accommodation market as a factor behind the decline in revenue. - FY2025First statedAnnual report
「In addition to Japanese customers, the company expects to attract foreign visitors to Japan. However, changes in domestic and international political and economic conditions may reduce the number of foreign visitors to Japan, while new entrants such as private lodging operators may enter the accommodation market, potentially affecting the operation of the accommodation facilities.」
The company newly states that declining foreign visitors to Japan and new entrants among private lodging operators may affect the operation of the accommodation facility integrated with the hot spring bathing facility.