Trend Toward Recovery in Accommodation Demand Through Go To Travel
First written in FY2021-Q2. 1 of 3 entries say "Softened", first in FY2021-Q3. Latest entry: FY2023.
The whole theme swung hardest in 2021: 3 of 13 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2023DroppedAnnual report
「Leisure demand recovered, supported in part by tourism promotion programs such as the nationwide travel assistance program.」
The recovery in leisure demand through programs such as the nationwide travel assistance program was described in place of Go To Travel. - FY2021-Q3SoftenedAnnual report
「In the accommodation industry, individual demand temporarily showed signs of recovery due to government and local-government measures to stimulate tourism demand, but demand declined again as infections resurged.」
The recovery resulting from tourism demand stimulus measures remained temporary, and demand declined again as infections resurged. - FY2021-Q2First statedAnnual report
「Meanwhile, helped by the positive effects of the government’s tourism support program, Go To Travel, launched in July, during the three-month consolidated accounting period from 1 July 2020 to 30 September 2020, sales amounted to ¥1,211.025 million, compared with ¥652.895 million in the first quarter, and the operating loss amounted to ¥1,854.627 million, compared with ¥2,188.182 million in the first quarter, indicating a trend toward recovery.」
The positive effects of Go To Travel increased sales in the second quarter from the first quarter and narrowed the operating loss.