Washington Hotel (4691) · RiskRestated
Declining competitiveness due to hotel deterioration over time and outdated designs
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
2entries
2years
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Decline in competitiveness due to aging hotels and outdated designA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2022RestatedAnnual report
「More than half of the hotels we operate have been open for over 20 years, so we will renovate them sequentially according to priorities going forward.」
We reiterated that more than half of our hotels have been open for over 20 years and that we plan to renovate them sequentially to address aging facilities. - FY2021First statedAnnual report
「More than half of the hotels we operate have been open for over 20 years, and we recognize that aging facilities and outdated designs have reduced their competitiveness.」
We stated for the first time that more than half of our hotels have been open for over 20 years and that aging facilities and designs are factors behind declining competitiveness.