Room occupancy and ADR below initial assumptions
First written in FY2020-Q3. 1 of 2 entries say "Materialised", first in FY2020. Latest entry: FY2020.
Washington Hotel 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 2020: 12 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Due to the impact of the spread of COVID-19, including requests to refrain from holding events and the declaration of a state of emergency, which led to broader restrictions on corporate and individual activities and a sharp decline in lodging and dining demand, room occupancy in the fourth quarter (January to March) was 47.5%, compared with 73.7% in the same period of the previous year, affecting net sales.」
The room occupancy rate declined from 73.7% in the same period of the previous year to 47.5%, quantifying the impact of the decline in demand. - FY2020-Q3First statedAnnual report
「The Group was unable to offset the overall decline in accommodation demand, and both room occupancy and ADR fell below initial assumptions.」
The decline in accommodation demand caused room occupancy and ADR to fall below initial assumptions.