Excess supply resulting from an increase in newly built hotels
First written in FY2020-Q2. 2 of 3 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2020.
Washington Hotel moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「In the hotel industry, supply and demand conditions have become more challenging as the supply of newly built hotels has increased. In addition, the number of visitors to Japan from overseas turned negative year on year from August, affected by worsening Japan–South Korea relations.」
It was stated that supply and demand conditions remained challenging due to the increase in supply from newly opened hotels. - FY2020-Q3WorsenedAnnual report
「In multiple cities, particularly major metropolitan areas, the number of newly built hotels has increased markedly, making supply and demand conditions more challenging.」
The report stated that the increase in newly built hotels had spread across multiple cities, making supply and demand conditions more challenging. - FY2020-Q2First statedAnnual report
「Although the Company sought to increase sales through these initiatives, sales on a like-for-like basis were slightly below the previous fiscal year because of typhoons and excess supply in some regions.」
The report stated that excess supply in some regions affected sales.